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 $101,203, lower than the Minnesota average of $269,934.
The average cost of rent is $665/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 49.68% of residents own their homes outright in Franklin, 19.40% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $5,530 per month. Households that rent pay about 12.02% of their income on rent here. Franklin's most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Morton, MN: higher priced homes
- Fairfax, MN: equally priced homes
- Morgan, MN: equally priced homes
- North Redwood, MN: higher priced homes
- Evan, MN: higher priced homes
- Redwood Falls, MN: higher priced homes
- Gilfillan, MN: higher priced homes
- Bechyn, MN: higher priced homes
- Clements, MN: higher priced homes
- Hector, MN: equally priced homes
Cities with Similar Populations
- Whatley, AL: equally priced homes
- Butterfield, MN: less expensive homes
- Cannon Ball, ND: less expensive homes
- Cantrall, IL: higher priced homes
- Carbonado, WA: higher priced homes
- Careywood, ID: higher priced homes
- Carlton, WA: higher priced homes
- Cawthon, TX: higher priced homes
- Cecilia, LA: less expensive homes
- Cherryfield, ME: higher priced homes
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