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 $170,709, lower than the North Carolina average of $226,477.
The average cost of rent is $754/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 52.50% of residents own their homes outright in Franklin, 25.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $4,068 per month. Households that rent pay about 18.52% of their income on rent here. Franklin's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Ellijay, NC: equally priced homes
- Otto, NC: higher priced homes
- Sugarfork, NC: higher priced homes
- Stiles, NC: less expensive homes
- Pumpkintown, NC: higher priced homes
- Aquone, NC: equally priced homes
- Scaly Mountain, NC: higher priced homes
- Kyle, NC: higher priced homes
- Erastus, NC: higher priced homes
- Highlands, NC: higher priced homes
Cities with Similar Populations
- Royse City, TX: higher priced homes
- Lake St. Louis, MO: higher priced homes
- Lapeer, MI: equally priced homes
- Lebanon, OR: higher priced homes
- Leisure City, FL: higher priced homes
- Logansport, IN: less expensive homes
- Malvern, PA: higher priced homes
- Red Bluff, CA: higher priced homes
- Rochester, MI: higher priced homes
- Round Lake Beach, IL: equally priced homes
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