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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 $756,618, higher than the California average of $648,235.
The average cost of rent is $1,908/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 29.06% of residents own their homes outright in Franklin, 20.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $11,035 per month. Households that rent pay about 17.29% of their income on rent here. Franklin's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Elk Grove, CA: less expensive homes
- Hood, CA: equally priced homes
- Florin, CA: less expensive homes
- Vineyard, CA: less expensive homes
- Clarksburg, CA: higher priced homes
- Thornton, CA: less expensive homes
- Courtland, CA: less expensive homes
- Parkway, CA: less expensive homes
- Twin Cities, CA: less expensive homes
- Paintersville, CA: less expensive homes
Cities with Similar Populations
- Rigdon, IN: less expensive homes
- Lanesborough, MA: less expensive homes
- Long Island, ME: less expensive homes
- Mace, WV: less expensive homes
- Madie, TN: less expensive homes
- Martha, KY: less expensive homes
- McClung, VA: less expensive homes
- McKee Bridge, OR: less expensive homes
- McKnightstown, PA: less expensive homes
- Meckling, SD: less expensive homes
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