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Franklin Parish

Learn about the people, housing, costs and businesses in Franklin Parish County

Median Home$119,476
Median Rent$764/month
Population19,408
Leading IndustriesPublic Administration · Manufacturing · Agriculture & Mining31% public administration
Home Value Growth-10.2% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners73% of occupied units
NotableAffordable Market$119k median home · lower cost than 85% of the country
Franklin Parish
LA

Frequently Asked Questions

What are today's mortgage rates in Franklin Parish?

As of today, the 30-year fixed mortgage rate for Franklin Parish is approximately 7.160% (7.189% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Franklin Parish
What is the median home price in Franklin Parish?

The median home value in Franklin Parish is $119k. The median monthly rent is $764. Annual property taxes average $417. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin Parish?

Home values in Franklin Parish have decreased 10.2% 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 Parish?

Based on a typical all-in ownership cost of $628/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin Parish is $50k/year.

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What industries drive the economy in Franklin Parish?

The largest employment sectors in Franklin Parish are public administration (31%) and agriculture and mining (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas