Franklin County, Florida Housing Market
In Franklin County, Florida, the median home value is $273,300, with a median monthly rent of $1,049. This places Franklin County at #761 nationally out of 3134 counties by median home value, and #35 within Florida.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $850
- Establishments: 386
- BLS QCEW, 2025
Housing Supply
- Single-family: 112
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,421 (avg $108,079)
- Outflow: 3,843 (avg $101,452)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Franklin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 32328 | 283.5 | +12.16% | 2024 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
📝 Editor's Insight
None
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Franklin County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Franklin County →How Franklin County Compares
| Metric | Franklin County | Florida Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $273,300 | $284,325 | $227,706 |
| Median Gross Rent | $1,049 | $1,303 | $968 |
| Owner Occupancy Rate | 80.9% | 74.6% | 73.3% |
| Price/Rent Ratio | 21.7 | 17.6 | 18.7 |
Market Analysis
The median home value in Franklin County is 3.9% below the Florida state average and 20.0% above the U.S. national average. The median rent of $1,049/month is 19.5% below the state average.
With a price-to-rent ratio of 21.7, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Franklin County has an owner-occupancy rate of 80.9%, compared to 74.6% in Florida and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Adams County | Washington | $273,300 | $877 |
| Stearns County | Minnesota | $273,400 | $1,068 |
| Otter Tail County | Minnesota | $273,000 | $868 |
| Natrona County | Wyoming | $273,000 | $1,016 |
| Boone County | Missouri | $272,800 | $1,088 |
Other Counties in Florida
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Hernando County | $276,000 | $1,298 | 82.5% |
| Polk County | $266,500 | $1,363 | 70.5% |
| Wakulla County | $258,300 | $1,108 | 81.9% |
| Alachua County | $288,800 | $1,339 | 54.1% |
| Escambia County | $257,200 | $1,321 | 64.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).