Franklin County, Mississippi Housing Market
In Franklin County, Mississippi, the median home value is $101,900, with a median monthly rent of $725. This places Franklin County at #2892 nationally out of 3134 counties by median home value, and #62 within Mississippi.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,027
- Establishments: 108
- BLS QCEW, 2025
Migration Patterns
- Inflow: 2,729 (avg $52,599)
- Outflow: 2,571 (avg $52,844)
- 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 | 39601 | 186.2 | +1.86% | 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 | Mississippi Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $101,900 | $135,817 | $227,706 |
| Median Gross Rent | $725 | $804 | $968 |
| Owner Occupancy Rate | 81.7% | 72.4% | 73.3% |
| Price/Rent Ratio | 11.7 | 13.9 | 18.7 |
Market Analysis
The median home value in Franklin County is 25.0% below the Mississippi state average and 55.2% below the U.S. national average. The median rent of $725/month is 9.8% below the state average.
With a price-to-rent ratio of 11.7, 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 81.7%, compared to 72.4% in Mississippi 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 |
|---|---|---|---|
| Macon County | Alabama | $102,000 | $734 |
| Catahoula Parish | Louisiana | $101,800 | $821 |
| Logan County | North Dakota | $102,000 | $838 |
| Hughes County | Oklahoma | $102,000 | $660 |
| Ouachita County | Arkansas | $102,100 | $764 |
Other Counties in Mississippi
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Leflore County | $101,200 | $689 | 52.4% |
| Amite County | $100,800 | $670 | 82.4% |
| Sunflower County | $100,300 | $694 | 54.9% |
| Neshoba County | $100,000 | $839 | 78.1% |
| Lawrence County | $100,000 | $753 | 83.5% |
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).