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These days, finding an affordable place to live in the North Franklin area can be challenging. Home prices in North Franklin are now at a median cost of $325,286, lower than the Connecticut average of $418,901.
The average cost of rent is $688/mo in North Franklin, primarily driven by the current value of real estate in the North Franklin area. In North Franklin, 17.33% of households rent, and 40.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Franklin is $9,040 per month. Households that rent pay about 7.61% of their income on rent here. North Franklin’s most expensive areas are in the northwestern 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
- Gilman, CT: higher priced homes
- Baltic, CT: less expensive homes
- South Windham, CT: less expensive homes
- Bozrah, CT: equally priced homes
- Hanover, CT: less expensive homes
- Lebanon, CT: equally priced homes
- Taftville, CT: less expensive homes
- Norwich, CT: less expensive homes
- Windham, CT: less expensive homes
- Scotland, CT: less expensive homes
Cities with Similar Populations
- Buttonwillow, CA: less expensive homes
- Valle Vista, AZ: less expensive homes
- West Milford, WV: less expensive homes
- Clayton, WI: less expensive homes
- Cement City, MI: less expensive homes
- Cathro, MI: less expensive homes
- Cape Carteret, NC: higher priced homes
- Canadian, OK: less expensive homes
- Butler, WI: less expensive homes
- Bridgewater, CT: higher priced homes
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