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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 $182,880, lower than the New York average of $610,895.
The average cost of rent is $767/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. In Franklin, 16.28% of households rent, and 50.28% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $6,723 per month. Households that rent pay about 11.41% of their income on rent here. Franklin’s most expensive areas are in the eastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Leonta, NY: equally priced homes
- Merrickville, NY: higher priced homes
- Wells Bridge, NY: higher priced homes
- Franklin Depot, NY: less expensive homes
- Treadwell, NY: higher priced homes
- Otego, NY: equally priced homes
- North Franklin, NY: less expensive homes
- Sidney Center, NY: less expensive homes
- West Delhi, NY: higher priced homes
- Unadilla, NY: less expensive homes
Cities with Similar Populations
- Limestone, ME: less expensive homes
- Ouray, CO: higher priced homes
- Orangeville, IL: less expensive homes
- Opdyke, IL: less expensive homes
- Old Forge, NY: higher priced homes
- Odessa, WA: higher priced homes
- Oakley, UT: higher priced homes
- North Utica, IL: higher priced homes
- North Guilford, CT: higher priced homes
- North Benton, OH: less expensive homes
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