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These days, finding an affordable place to live in the Franklin Springs area can be challenging. Home prices in Franklin Springs are now at a median cost of $264,208, lower than the New York average of $610,895.
The average cost of rent is $1,295/mo in Franklin Springs, primarily driven by the current value of real estate in the Franklin Springs area. In Franklin Springs, 9.56% of households rent, and 78.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Springs is $14,419 per month. Households that rent pay about 8.98% of their income on rent here. Franklin Springs’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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- Vanlue, OH: less expensive homes
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