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Housing in Franklin

A typical Franklin home is worth roughly $153,000

Typical home value
$153K
OH $249K
Estimate
2-bedroom rent
$1,060
a month, utilities in · HUD

What kind of housing town is Franklin?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

What it takes to buy in Franklin

Try your own numbers below.

You could afford about
$261,000
Typical Franklin home $153K

That covers a typical Franklin home, with $108K to spare.

The typical home, each month
$970
Loan $760Tax $170Insurance $40

A two-bedroom rents for about $1,060 a month here, $90 more than owning.

Where your budget reaches nearby

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Ohio typical property tax (1.31% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

93% of Franklin households own their home

Half of Franklin’s homes were built before 1985.

Owners and renters
Own 93%Rent 7%

Ohio: 67% own.

1985
typical home built · OH 1970

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,060

Fair Market Rent a month, utilities included

Studio$810
1 bedroom$810
2 bedrooms$1,060
3 bedrooms$1,360
4 bedrooms$1,470
7%
of households rent · OH 33%
6
renter households

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Monroe County, OH): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Franklin vs. its neighbors

Franklin is the 2nd least expensive of 3 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Franklin$153K*—$1,060$57,969
Summit$204K*—$1,060$76,688
Wayne$87K*—$1,010$100,513

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 buyers, sellers and renters are saying.

Town Square →
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Is Franklin still affordable for young families?

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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. 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.

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