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These days, finding an affordable place to live in the Franklin Falls area can be challenging. Home prices in Franklin Falls are now at a median cost of $232,512, lower than the New York average of $610,895.
The average cost of rent is $775/mo in Franklin Falls, primarily driven by the current value of real estate in the Franklin Falls area. In Franklin Falls, 15.51% of households rent, and 55.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Falls is $7,109 per month. Households that rent pay about 10.90% of their income on rent here. Franklin Falls’s most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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- Rainbow Lake, NY: equally priced homes
- Wilmington, NY: higher priced homes
- Saranac Lake, NY: equally priced homes
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Cities with Similar Populations
- Rumford Corner, ME: equally priced homes
- Mangum, NC: less expensive homes
- Maple Grove, OH: less expensive homes
- Maple View, WV: less expensive homes
- Rosecrans, PA: equally priced homes
- Roseland, MN: less expensive homes
- Rossland, KY: less expensive homes
- Rowe, VA: less expensive homes
- Ruble, IA: equally priced homes
- Ruby Corner, NY: less expensive homes
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