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Franklin

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

Median Home$418,735
Median Rent$1,190/month
Population2,865
Leading IndustriesTransportation · Finance & Insurance · Information & Media3% transportation
Home Value Growth⬆⬆+14.7% over 2 years
Family-Friendly23% of residentsslightly above average
Homeowners65% of occupied units
Franklin
CA

Frequently Asked Questions

What are today's mortgage rates in Franklin?

As of today, the 30-year fixed mortgage rate for Franklin is approximately 6.850% (6.885% 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 $419k. The median monthly rent is $1,190. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin?

Home values in Franklin have increased 14.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

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

Based on a typical all-in ownership cost of $1,333/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin is $85k/year.

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What industries drive the economy in Franklin?

The largest employment sectors in Franklin are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.