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Franklin

Learn about the people, housing, costs and businesses in Franklin, Nebraska

Median Home$88,700
Median Rent$800/month
Population912
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration14% arts, food & hospitality
Family-Friendly23% of residentsnear the national average
Homeowners84% of occupied units
NotableHighly Educated31% bachelor's · 22% graduate · top 7% nationally
NotableAffordable Market$89k median home · lower cost than 95% of the country
Franklin
NE

Frequently Asked Questions

What are today's mortgage rates in Franklin?

As of today, the 30-year fixed mortgage rate for Franklin is approximately 6.804% (6.837% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Franklin?

The median home value in Franklin is $89k. The median monthly rent is $800. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Franklin?

Based on a typical all-in ownership cost of $568/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin is $54k/year.

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What industries drive the economy in Franklin?

The largest employment sectors in Franklin are public administration (32%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.