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 $174,964, lower than the Texas average of $235,268.
The average cost of rent is $747/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 60.46% of residents own their homes outright in Franklin, 25.05% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $4,758 per month. Households that rent pay about 15.70% of their income on rent here. Franklin's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- New Baden, TX: less expensive homes
- Owensville, TX: higher priced homes
- Eaton, TX: higher priced homes
- Elliot, TX: less expensive homes
- Ridge, TX: higher priced homes
- Petteway, TX: higher priced homes
- Tidwell Prairie, TX: less expensive homes
- Calvert, TX: less expensive homes
- Hilltop Lakes, TX: higher priced homes
- Wealthy, TX: higher priced homes
Cities with Similar Populations
- Charleston, MS: less expensive homes
- Courtland, VA: equally priced homes
- Hillsboro, WI: less expensive homes
- Newark Valley, NY: less expensive homes
- Mount Penn, PA: less expensive homes
- Norwood Young America, MN: higher priced homes
- Old Fort, TN: less expensive homes
- Ridgely, MD: higher priced homes
- Savage, MD: higher priced homes
- Seven Fields, PA: higher priced homes
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