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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 $374,446, higher than the Wisconsin average of $280,373.
The average cost of rent is $1,426/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. In Franklin, 22.61% of households rent, and 38.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $9,191 per month. Households that rent pay about 15.51% of their income on rent here. Franklin’s most expensive areas are in the southeastern 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
- Greendale, WI: less expensive homes
- Hales Corners, WI: less expensive homes
- Greenfield, WI: less expensive homes
- Kneeland, WI: equally priced homes
- Oak Creek, WI: less expensive homes
- Muskego, WI: higher priced homes
- South Milwaukee, WI: less expensive homes
- West Allis, WI: less expensive homes
- New Berlin, WI: equally priced homes
- Cudahy, WI: less expensive homes
Cities with Similar Populations
- Alamogordo, NM: less expensive homes
- Woodridge, IL: equally priced homes
- Willis, TX: less expensive homes
- Williamstown, NJ: less expensive homes
- Wildomar, CA: higher priced homes
- West Babylon, NY: higher priced homes
- Wappingers Falls, NY: equally priced homes
- Somerset, NJ: higher priced homes
- Severn, MD: higher priced homes
- Lincolnton, NC: less expensive homes
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