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Franklin County Housing Market

Arkansas · 75 counties · Ranked #595 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$118,800

vs national$118,800 vs $281,900 national

Median Gross Rent

$717/mo

vs national$717 vs $1,163 national

Effective Tax Rate

0.50%

vs national0.50% vs 1.02% national

Median Household Income

$51,919

vs national$51,919 vs $74,755 national

Affordability Ratio

2.3x

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

Rent Burden

24.0%

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

More Housing Data

Property Tax (Median)

$598

Tax as % of Home Value

0.50%

Monthly Owner Cost

$589

Renter Income

$34,730

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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 $118,800. This is below the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $717 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 0.50%. The median annual property tax bill is $598.

Is Franklin County affordable?

With a home-value-to-income ratio of 2.3x, 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.