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 $97,923, lower than the Louisiana average of $194,522.
The average cost of rent is $793/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 63.45% of residents own their homes outright in Franklin, 29.53% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $3,737 per month. Households that rent pay about 21.22% of their income on rent here. Franklin's most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Garden City, LA: higher priced homes
- Baldwin, LA: equally priced homes
- Bayou Sale, LA: higher priced homes
- Centerville, LA: equally priced homes
- Charenton, LA: higher priced homes
- Shadyside, LA: equally priced homes
- Richohoc, LA: higher priced homes
- Glencoe, LA: less expensive homes
- Sorrel, LA: less expensive homes
- Freetown, LA: less expensive homes
Cities with Similar Populations
- Lighthouse Point, FL: higher priced homes
- Lebanon, KY: higher priced homes
- Lebanon, NH: higher priced homes
- Leesville, SC: higher priced homes
- Leola, PA: higher priced homes
- Leonardtown, MD: higher priced homes
- Leonia, NJ: higher priced homes
- Lewiston, NY: higher priced homes
- Liberty, NC: higher priced homes
- Liberty, TX: higher priced homes
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