Home/Louisiana/Franklin Parish

Franklin Parish Housing Market

Louisiana · 64 counties · Ranked #562 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$117,200

vs national$117,200 vs $281,900 national

Median Gross Rent

$719/mo

vs national$719 vs $1,163 national

Effective Tax Rate

0.32%

vs national0.32% vs 1.02% national

Median Household Income

$44,103

vs national$44,103 vs $74,755 national

Affordability Ratio

2.7x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$378

Tax as % of Home Value

0.32%

Monthly Owner Cost

$541

Renter Income

$33,766

Take Action

Property Tax

Lower Your Property Tax

Ownwell can help you appeal your property tax assessment. Average savings: $$57+/year.

Mortgage

Compare Mortgage Rates

See current mortgage rates from multiple lenders. Shop and compare to find your best rate.

Home Search

Browse Homes on Zillow

Search active listings in Franklin Parish. See photos, prices, and open house dates.

Similar Counties by Home Value

Explore Related Data

Frequently Asked Questions

What is the median home value in Franklin Parish?

The median home value in Franklin Parish is $117,200. This is below the national median of $281,900.

How much is rent in Franklin Parish?

The median gross rent in Franklin Parish is $719 per month.

What is the property tax rate in Franklin Parish?

The effective property tax rate in Franklin Parish is 0.32%. The median annual property tax bill is $378.

Is Franklin Parish affordable?

With a home-value-to-income ratio of 2.7x, Franklin Parish 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.