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 $166,953, lower than the Ohio average of $181,280.
The average cost of rent is $1,028/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 30.16% of residents own their homes outright in Franklin, 30.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $5,602 per month. Households that rent pay about 18.35% of their income on rent here. Franklin's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Carlisle, OH: less expensive homes
- Springboro, OH: higher priced homes
- Red Lion, OH: higher priced homes
- Middletown, OH: equally priced homes
- Miamisburg, OH: equally priced homes
- Otterbein, OH: higher priced homes
- Germantown, OH: equally priced homes
- Monroe, OH: higher priced homes
- Lebanon, OH: higher priced homes
- Lytle, OH: higher priced homes
Cities with Similar Populations
- Madisonville, KY: less expensive homes
- Hernando, MS: higher priced homes
- Holbrook, NY: higher priced homes
- Homer Glen, IL: higher priced homes
- Imperial Beach, CA: higher priced homes
- Inkster, MI: less expensive homes
- Ives Estates, FL: higher priced homes
- Kings Mountain, NC: equally priced homes
- Lafayette, CA: higher priced homes
- Hazelwood, MO: less expensive homes
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