Franklin County, Iowa Housing Market
In Franklin County, Iowa, the median home value is $124,100, with a median monthly rent of $696. This places Franklin County at #2560 nationally out of 3134 counties by median home value, and #82 within Iowa.
📈 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: $1,079
- Establishments: 323
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,745 (avg $76,734)
- Outflow: 3,583 (avg $77,489)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Franklin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 50441 | 192.7 | -5.37% | 2025 |
| 2 | 50126 | 218.5 | +1.48% | 2025 |
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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Franklin County Compares
| Metric | Franklin County | Iowa Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $124,100 | $171,037 | $227,706 |
| Median Gross Rent | $696 | $832 | $968 |
| Owner Occupancy Rate | 72.4% | 75.8% | 73.3% |
| Price/Rent Ratio | 14.9 | 17.0 | 18.7 |
Market Analysis
The median home value in Franklin County is 27.4% below the Iowa state average and 45.5% below the U.S. national average. The median rent of $696/month is 16.3% below the state average.
With a price-to-rent ratio of 14.9, buying a home in Franklin County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Franklin County has an owner-occupancy rate of 72.4%, compared to 75.8% in Iowa and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Echols County | Georgia | $124,100 | $1,017 |
| Tippah County | Mississippi | $124,100 | $790 |
| Miller County | Georgia | $124,000 | $810 |
| Appanoose County | Iowa | $124,200 | $784 |
| Marion County | Kansas | $124,200 | $727 |
Other Counties in Iowa
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Appanoose County | $124,200 | $784 | 68.8% |
| Palo Alto County | $123,200 | $638 | 77.1% |
| Wapello County | $125,100 | $920 | 68.4% |
| Page County | $125,300 | $705 | 70.5% |
| Osceola County | $122,600 | $797 | 77.9% |
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).