Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin area can be challenging. Home prices in Franklin are now at a median cost of $93,092, lower than the Arkansas average of $160,541.
The average cost of rent is $748/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 66.62% of residents own their homes outright in Franklin, 7.06% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $3,629 per month. Households that rent pay about 20.61% of their income on rent here. Franklin's most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Violet Hill, AR: less expensive homes
- Horseshoe Bend, AR: less expensive homes
- Myron, AR: higher priced homes
- Wiseman, AR: equally priced homes
- Larkin, AR: less expensive homes
- Day, AR: equally priced homes
- Morriston, AR: equally priced homes
- Ballard, AR: higher priced homes
- Sage, AR: equally priced homes
- Newburg, AR: less expensive homes
Cities with Similar Populations
- Herndon, GA: less expensive homes
- Russian Mission, AK: less expensive homes
- Russellville, GA: higher priced homes
- Ruskin, MN: higher priced homes
- Roslyn, SD: higher priced homes
- Johnstonville, GA: higher priced homes
- Jewett, NY: higher priced homes
- Irwin, ID: higher priced homes
- Irondale, VA: higher priced homes
- Iona, NJ: higher priced homes
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