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 $140,394, lower than the Kentucky average of $164,895.
The average cost of rent is $953/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 36.74% of residents own their homes outright in Franklin, 33.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $4,407 per month. Households that rent pay about 21.63% of their income on rent here. Franklin's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Salmon, KY: higher priced homes
- Neosheo, KY: equally priced homes
- Hickory Flat, KY: higher priced homes
- Woodburn, KY: higher priced homes
- Mitchellville, TN: higher priced homes
- Middleton, KY: less expensive homes
- South Union, KY: equally priced homes
- Matlock, KY: higher priced homes
- Clare, KY: equally priced homes
- Rich Pond, KY: higher priced homes
Cities with Similar Populations
- Troutdale, OR: higher priced homes
- West Henrietta, NY: higher priced homes
- Weehawken, NJ: higher priced homes
- Fletcher, NC: higher priced homes
- Webster, MA: higher priced homes
- Wayne, MI: less expensive homes
- Wauconda, IL: higher priced homes
- Fostoria, OH: less expensive homes
- Four Corners, OR: higher priced homes
- Washington, IN: equally priced homes
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