Franklin County, Kansas Housing Market
In Franklin County, Kansas, the median home value is $198,700, with a median monthly rent of $1,042. This places Franklin County at #1415 nationally out of 3134 counties by median home value, and #17 within Kansas.
📈 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: $1,039
- Establishments: 630
- BLS QCEW, 2025
Housing Supply
- Single-family: 102
- Multi-family: 18
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 10,515 (avg $64,650)
- Outflow: 9,939 (avg $65,119)
- 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 | 66064 | 240.6 | +5.45% | 2025 |
| 2 | 66067 | 246.8 | +1.04% | 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.
💰 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 | Kansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $198,700 | $138,824 | $227,706 |
| Median Gross Rent | $1,042 | $802 | $968 |
| Owner Occupancy Rate | 72.2% | 74.2% | 73.3% |
| Price/Rent Ratio | 15.9 | 14.2 | 18.7 |
Market Analysis
The median home value in Franklin County is 43.1% above the Kansas state average and 12.7% below the U.S. national average. The median rent of $1,042/month is 29.9% above the state average.
With a price-to-rent ratio of 15.9, the buy-vs-rent decision in Franklin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Franklin County has an owner-occupancy rate of 72.2%, compared to 74.2% in Kansas 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 |
|---|---|---|---|
| Grundy County | Iowa | $198,800 | $774 |
| Ingham County | Michigan | $198,800 | $1,084 |
| Ray County | Missouri | $198,800 | $782 |
| Taylor County | Texas | $198,600 | $1,159 |
| Dade County | Georgia | $198,500 | $829 |
Other Counties in Kansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kearny County | $200,900 | $1,056 | 71.7% |
| Finney County | $201,400 | $1,048 | 64.9% |
| Sedgwick County | $203,300 | $998 | 63.1% |
| Gray County | $206,000 | $808 | 77.1% |
| Jackson County | $207,300 | $814 | 77.1% |
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).