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Franklin Furnace

Learn about the people, housing, costs and businesses in Franklin Furnace, Ohio

Median Home$153,500
Median Rent$875/month
Population1,662
Leading IndustriesPublic Administration · Information & Media35% public administration
Home Value Growth⬆⬆+12.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners75% of occupied units
Franklin Furnace
OH

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Frequently Asked Questions

What are today's mortgage rates in Franklin Furnace?

As of today, the 30-year fixed mortgage rate for Franklin Furnace is approximately 6.969% (7.011% 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 Furnace?

The median home value in Franklin Furnace is $154k. The median monthly rent is $875. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin Furnace?

Home values in Franklin Furnace have increased 12.3% 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 Furnace?

Based on a typical all-in ownership cost of $866/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin Furnace is $59k/year.

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What industries drive the economy in Franklin Furnace?

The largest employment sectors in Franklin Furnace are public administration (35%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.