New Franklin, MO housing market
The typical New Franklin home is worth about $202,000, up 0.8% in a year, 25% below the Missouri typical home.
Home values, sales, trends and how New Franklin compares with the towns next door — updated as new data is published.
New Franklin at a glance
Only 2 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | New Franklin | Missouri |
|---|---|---|
| 2017 | $112,000 | $148,000 |
| 2018 | $117,000 | $156,000 |
| 2019 | $122,000 | $165,000 |
| 2020 | $129,000 | $173,000 |
| 2021 | $147,000 | $193,000 |
| 2022 | $173,000 | $219,000 |
| 2023 | $189,000 | $237,000 |
| 2024 | $191,000 | $247,000 |
| 2025 | $207,000 | $258,000 |
| 2026 | $210,000 | $263,000 |
| August 2026 | $202,000 | $268,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in New Franklin in 2025, all single-family houses, worth about $1.5 million to build. That's 3.4 per 1,000 residents, about the pace of Missouri as a whole. Over the past 10 years, New Franklin has permitted 10 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, New Franklin's population fell by 62 even though 3 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Missouri: 1.1 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $367,000 |
| 2025 | 4 | 4 | 0 | $1.5 million |
| 2024 | 2 | 2 | 0 | $707,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 2 | 2 | 0 | $30,000 |
| 2019 | 1 | 1 | 0 | $12,000 |
| 2018 | 1 | 1 | 0 | $215,000 |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 1 | 1 | 0 | $175,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 0 | 0 | 0 | — |
| 2008 | 1 | 1 | 0 | $140,000 |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 1 | 1 | 0 | $200,000 |
| 2005 | 1 | 1 | 0 | $60,000 |
| 2004 | 5 | 1 | 4 | $275,000 |
| 2003 | 6 | 6 | 0 | $640,000 |
| 2002 | 6 | 6 | 0 | $640,000 |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
New Franklin and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| New Franklin | $202K | +0.8% | $940 | 4 | $55,066 |
| Franklin | — | — | $990 | 0 | $55,625 |
3.7 years of income
The typical New Franklin home costs about 3.7 years of the town's median household income, about the same as across Missouri (3.8).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $940
HUD's Fair Market Rent for a two-bedroom in New Franklin is $940 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in New Franklin pay a median of $679, so moving in tends to cost more than staying put. A two-bedroom takes about 20% of the town's median household income.
Studio $650 · 4 bedrooms $1,240
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (65274; Howard County, MO HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.