A typical Franklin Township home is worth roughly $320,000
Home prices around Franklin Township have risen about 78% over the past 5 years.
What stands out about housing in Franklin Township
Home prices up 78% in 5 years
The federal house price index for the ZIP codes around Franklin Township rose 78% over the past 5 years, faster than across Ohio (53%). Last year prices rose 14%. Carrying the Census median home value forward with that index puts the typical Franklin Township home at roughly $320,000 today.
Carrying the Census median forward with the index puts a typical home at about $320K.
How Franklin Township ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Franklin Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 5.1 years of income
More than across Ohio (3.6 years). Try your own numbers below.
That’s $76K short of a typical Franklin Township home.
A two-bedroom rents for about $990 a month here, $930 less than owning.
How Franklin Township ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Franklin Township’s typical property tax (0.92% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $990
Renters already here pay a median of $720, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cincinnati, OH-KY-IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
74% of Franklin Township households own their home
Half of Franklin Township’s homes were built before 1990.
Ohio: 67% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Franklin Township vs. its neighbors
Franklin Township is the priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Franklin Township | $320K* | +14.2%† | $990 | $63,406 |
| Washington Township | $232K* | — | $1,480 | $56,726 |
| Tate Township | $212K* | +6.6%† | $1,030 | $78,429 |
| Lewis Township | $169K* | +15.3%† | $1,000 | $70,000 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Franklin Township buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.