Home/Iowa/Franklin County

Franklin County Housing Market

Iowa · 99 counties · Ranked #589 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$118,500

vs national$118,500 vs $281,900 national

Median Gross Rent

$649/mo

vs national$649 vs $1,163 national

Effective Tax Rate

1.35%

vs national+1.35% vs 1.02% national

Median Household Income

$63,648

vs national$63,648 vs $74,755 national

Affordability Ratio

1.9x

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

Rent Burden

19.0%

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

More Housing Data

Property Tax (Median)

$1,597

Tax as % of Home Value

1.35%

Monthly Owner Cost

$664

Renter Income

$47,820

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Mortgage

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Home Search

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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 $118,500. This is below the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $649 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 1.35%. The median annual property tax bill is $1,597.

Is Franklin County affordable?

With a home-value-to-income ratio of 1.9x, 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.