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These days, finding an affordable place to live in the Franklin Square area can be challenging. Home prices in Franklin Square are now at a median cost of $673,427, higher than the New York average of $610,895.
The average cost of rent is $2,112/mo in Franklin Square, primarily driven by the current value of real estate in the Franklin Square area. In Franklin Square, 14.13% of households rent, and 38.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Square is $11,942 per month. Households that rent pay about 17.68% of their income on rent here. Franklin Square’s most expensive areas are in the southern 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
- West Hempstead, NY: equally priced homes
- Stewart Manor, NY: higher priced homes
- Elmont, NY: less expensive homes
- South Floral Park, NY: less expensive homes
- Malverne, NY: equally priced homes
- Floral Park, NY: equally priced homes
- North Valley Stream, NY: equally priced homes
- Garden City, NY: higher priced homes
- Queens Village, NY: less expensive homes
- Bellerose, NY: higher priced homes
Cities with Similar Populations
- Saline, MI: less expensive homes
- Hastings, NE: less expensive homes
- Hauppauge, NY: equally priced homes
- Helena, AL: less expensive homes
- Hinsdale, IL: higher priced homes
- Randolph, NJ: equally priced homes
- Ridgefield, CT: higher priced homes
- Rolling Meadows, IL: less expensive homes
- Ronkonkoma, NY: less expensive homes
- Harrison Township, MI: less expensive homes
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