Franklin County, Maine Housing Market
In Franklin County, Maine, the median home value is $194,700, with a median monthly rent of $802. This places Franklin County at #1456 nationally out of 3134 counties by median home value, and #12 within Maine.
📈 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: $959
- Establishments: 1,019
- BLS QCEW, 2025
Housing Supply
- Single-family: 176
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 12,563 (avg $64,707)
- Outflow: 11,745 (avg $63,866)
- IRS Statistics of Income
How Franklin County Compares
| Metric | Franklin County | Maine Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $194,700 | $260,725 | $227,706 |
| Median Gross Rent | $802 | $1,020 | $968 |
| Owner Occupancy Rate | 76.3% | 76.6% | 73.3% |
| Price/Rent Ratio | 20.2 | 20.9 | 18.7 |
Market Analysis
The median home value in Franklin County is 25.3% below the Maine state average and 14.5% below the U.S. national average. The median rent of $802/month is 21.4% below the state average.
With a price-to-rent ratio of 20.2, 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 76.3%, compared to 76.6% in Maine 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 |
|---|---|---|---|
| Jefferson County | Indiana | $194,600 | $890 |
| Columbia County | Florida | $194,900 | $976 |
| Jones County | Georgia | $194,500 | $964 |
| Phelps County | Nebraska | $194,900 | $815 |
| Lafayette County | Wisconsin | $194,500 | $830 |
Other Counties in Maine
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Penobscot County | $214,100 | $1,041 | 70.5% |
| Oxford County | $217,300 | $836 | 80.6% |
| Piscataquis County | $170,200 | $837 | 78.8% |
| Somerset County | $166,900 | $910 | 77.4% |
| Washington County | $161,800 | $783 | 79.7% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).