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 $158,772, lower than the Iowa average of $182,666.
The average cost of rent is $736/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 54.12% of residents own their homes outright in Franklin, 4.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $5,448 per month. Households that rent pay about 13.51% of their income on rent here. Franklin's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Donnellson, IA: less expensive homes
- West Point, IA: higher priced homes
- Primrose, IA: less expensive homes
- Mount Hamill, IA: equally priced homes
- St. Paul, IA: higher priced homes
- Houghton, IA: equally priced homes
- Argyle, IA: equally priced homes
- Sawyer, IA: less expensive homes
- Farmington, IA: less expensive homes
- Fort Madison, IA: less expensive homes
Cities with Similar Populations
- Seven Lakes, NM: less expensive homes
- Lodi, TX: less expensive homes
- Lone Grove, TX: higher priced homes
- Lone Pine, LA: equally priced homes
- Long Rock, TN: less expensive homes
- Madison Center, NY: less expensive homes
- Sciota, IL: higher priced homes
- Scraper, OK: less expensive homes
- Seawall, ME: higher priced homes
- Seltzer, PA: equally priced homes
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