Housing decision brief
Franklin County, NE Housing Market
Franklin County screens as a below-state purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
10th lowest home value out of 93 Nebraska counties with data | 8th lowest rent out of 93
Median home value
$99,100
Purchase-price signal from Census ACS.
Median rent
$613/mo
Gross rent, including utilities where reported.
Monthly owner cost
$561/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
1.7x
Median home value divided by local household income.
Rent burden
21.0%
Below 30% usually screens as less pressured.
Rent vs own
$52/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$99,100 median home value is 32% below Nebraska county median
Lower rent
$613/mo is 21% below Nebraska county median
Rent burden below pressure line
21.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $52/mo below median rent before individual mortgage terms.
What to Check
Lower income base
$57,692 median income is 12% below Nebraska county median
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Buyers comparing homes to local incomes
- Renters trying to keep rent below the burden threshold
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Buyers focused only on purchase price and ignoring annual property tax
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Franklin County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $99,100 | $146,300 | $281,900 | 32% favorable32% below Nebraska county median |
Median gross rent Lower usually helps affordability. | $613 | $772 | $1,163 | 21% favorable21% below Nebraska county median |
Monthly owner cost Lower usually helps affordability. | $561 | $791 | $1,672 | 29% favorable29% below Nebraska county median |
Median household income | $57,692 | $65,438 | $74,755 | 12% pressure12% below Nebraska county median |
Effective property-tax rate Lower usually helps affordability. | 1.13% | 1.26% | 1.02% | 10% favorable10% below Nebraska county median |
Rent burden Lower usually helps affordability. | 21.00% | 23.00% | N/A | 9% favorable21.00% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$33,172
Median income minus rent threshold.
Owner cushion
+$33,649
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Franklin County offers affordable rental housing at a median of $613/month , about 12.8% of the typical household income here.
Rent vs own
Renters in Franklin County pay $613/month on average, compared to $561/month for homeowners. This market favors buyers by about 8%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $24,520/year. For owner costs at the 28% rule, the required income is roughly $24,043/year. With a median household income of $57,692, most households can comfortably afford rent here. Notably, 21.0% of renter households in Franklin County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Fillmore County where rent averages $667/month, Franklin County is approximately 8% less expensive.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Boyd County, NE | $104,000 | $650/mo | Same-state comparison near $104,000 home value and $650/mo rent. |
| Richardson County, NE | $96,500 | $692/mo | Same-state comparison near $96,500 home value and $692/mo rent. |
| Greeley County, NE | $87,800 | $643/mo | Same-state comparison near $87,800 home value and $643/mo rent. |
| Valley County, NE | $122,200 | $616/mo | Same-state comparison near $122,200 home value and $616/mo rent. |
| Dundy County, NE | $118,200 | $588/mo | Same-state comparison near $118,200 home value and $588/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Franklin County
Is Franklin County affordable for buying a home?
Is renting or owning cheaper in Franklin County?
How much income do you need for housing in Franklin County?
What should I double-check before moving to Franklin County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.