Median Home Value
$256,600
Median Gross Rent
$988/mo
Homeownership Rate
53.9%
Rent as Share of Income
18.7%
Vacancy Rate
11.7%
Median Year Built
1967
Home Price Index (FHFA)
Home prices in Franklin city have risen 201% since 1986, per FHFA's index.
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Index value, not a dollar figure — shows relative appreciation over time. Source: Federal Housing Finance Agency.
HUD Fair Market Rent (2026)
Studio
$811
1 Bedroom
$817
2 Bedroom
$1,051
3 Bedroom
$1,346
4 Bedroom
$1,764
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024; HUD Fair Market Rents 2026.