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Franklin Monroe Local

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

Median Home$201,892
Median Rent$679/month
Population3,490
Leading IndustriesWholesale Trade · Retail13% wholesale trade
Home Value Growth-0.1% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners79% of occupied units
Franklin Monroe Local
OH

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Franklin Monroe Local?

As of today, the 30-year fixed mortgage rate for Franklin Monroe Local is approximately 7.072% (7.114% 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 Monroe Local?

The median home value in Franklin Monroe Local is $202k. The median monthly rent is $679. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin Monroe Local?

Home values in Franklin Monroe Local have decreased 0.1% over the past two years. Buyers may find more negotiating room in this market. 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 Monroe Local?

Based on a typical all-in ownership cost of $862/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 Monroe Local is $72k/year.

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What industries drive the economy in Franklin Monroe Local?

The largest employment sectors in Franklin Monroe Local are public administration (25%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.