The Most Affordable Neighborhoods in Franklin Falls, NY by Home Value

 

Franklin Falls, NY Map of Most Affordable Neighborhoods
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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 $186,340, lower than the New York average of $481,023.

The average cost of rent is $859/mo in Franklin Falls, primarily driven by the current value of real estate in the Franklin Falls area. While nearly 36.39% of residents own their homes outright in Franklin Falls, 15.71% rent.

Housing affordability isn’t just about home prices, though. The average household income in Franklin Falls is $5,926 per month. Households that rent pay about 14.50% of their income on rent here. Franklin Falls's most expensive areas are in the central regions, while the cheapest areas are in the northeastern parts of the city.


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