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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 $259,668, lower than the Vermont average of $340,025.
The average cost of rent is $960/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. In Franklin, 22.24% of households rent, and 36.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $6,849 per month. Households that rent pay about 14.01% of their income on rent here. Franklin’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Morses Line, VT: equally priced homes
- East Sheldon, VT: equally priced homes
- Highgate Center, VT: higher priced homes
- Sheldon, VT: equally priced homes
- West Berkshire, VT: equally priced homes
- Highgate Falls, VT: equally priced homes
- Enosburg Falls, VT: less expensive homes
- Highgate Springs, VT: equally priced homes
- Greens Corners, VT: higher priced homes
- Montgomery, VT: higher priced homes
Cities with Similar Populations
- Stanberry, MO: less expensive homes
- Denison, WA: higher priced homes
- East Nassau, NY: equally priced homes
- Francis, UT: higher priced homes
- Hickory, MS: less expensive homes
- Honoraville, AL: less expensive homes
- La Center, KY: less expensive homes
- La Farge, WI: less expensive homes
- Macedonia, TX: less expensive homes
- Mahomet, TX: higher priced homes
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