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Franklin County Housing Market

Alabama · 67 counties · Ranked #779 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$128,000

vs national$128,000 vs $281,900 national

Median Gross Rent

$667/mo

vs national$667 vs $1,163 national

Effective Tax Rate

0.34%

vs national0.34% vs 1.02% national

Median Household Income

$51,493

vs national$51,493 vs $74,755 national

Affordability Ratio

2.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

22.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$432

Tax as % of Home Value

0.34%

Monthly Owner Cost

$570

Renter Income

$32,273

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Franklin County?

The median home value in Franklin County is $128,000. This is below the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $667 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 0.34%. The median annual property tax bill is $432.

Is Franklin County affordable?

With a home-value-to-income ratio of 2.5x, Franklin County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.