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Affordable
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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 $149,424, lower than the Pennsylvania average of $288,156.
The average cost of rent is $729/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. In Franklin, 37.77% of households rent, and 51.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $5,193 per month. Households that rent pay about 14.05% of their income on rent here. Franklin’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sugarcreek, PA: less expensive homes
- Nicklin, PA: less expensive homes
- Victory Heights, PA: higher priced homes
- Enterprise, PA: equally priced homes
- Pecan, PA: equally priced homes
- Coal City, PA: equally priced homes
- Polk, PA: equally priced homes
- Utica, PA: equally priced homes
- Woodland Heights, PA: less expensive homes
- Seneca, PA: equally priced homes
Cities with Similar Populations
- Lacombe, LA: higher priced homes
- Krum, TX: higher priced homes
- Kula, HI: higher priced homes
- La Center, WA: higher priced homes
- Whitehall, MI: higher priced homes
- La Grange, TX: higher priced homes
- La Joya, TX: less expensive homes
- La Junta, CO: higher priced homes
- La Plata, PR: less expensive homes
- La Trocha, PR: less expensive homes
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