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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 $214,587, higher than the West Virginia average of $177,366.
The average cost of rent is $747/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. In Franklin, 16.51% of households rent, and 51.78% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $4,535 per month. Households that rent pay about 16.47% of their income on rent here. Franklin’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Entry, WV: equally priced homes
- Mitchell, WV: less expensive homes
- Onego, WV: less expensive homes
- Ruddle, WV: equally priced homes
- Brandywine, WV: less expensive homes
- Zigler, WV: less expensive homes
- Propstburg, WV: less expensive homes
- Oak Flat, WV: less expensive homes
- Deer Run, WV: equally priced homes
- Riverton, WV: less expensive homes
Cities with Similar Populations
- Egypt, NY: higher priced homes
- Tabor, SD: less expensive homes
- Spearsville, LA: less expensive homes
- Silver Lake, NH: higher priced homes
- Georgetown, CO: higher priced homes
- Fruithurst, AL: less expensive homes
- Fort McDowell, AZ: higher priced homes
- Fleming, CO: higher priced homes
- Falls Village, CT: higher priced homes
- Eureka, TX: higher priced homes
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