Franklin County, New York Housing Market
In Franklin County, New York, the median home value is $145,400, with a median monthly rent of $843. This places Franklin County at #2306 nationally out of 3134 counties by median home value, and #54 within New York.
📈 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: $1,155
- Establishments: 962
- BLS QCEW, 2025
Housing Supply
- Single-family: 140
- Multi-family: 6
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 18,126 (avg $63,351)
- Outflow: 17,418 (avg $63,237)
- IRS Statistics of Income
💰 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 | New York Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $145,400 | $281,200 | $227,706 |
| Median Gross Rent | $843 | $1,168 | $968 |
| Owner Occupancy Rate | 72.5% | 69.3% | 73.3% |
| Price/Rent Ratio | 14.4 | 18.4 | 18.7 |
Market Analysis
The median home value in Franklin County is 48.3% below the New York state average and 36.1% below the U.S. national average. The median rent of $843/month is 27.8% below the state average.
With a price-to-rent ratio of 14.4, 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 72.5%, compared to 69.3% in New York 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 |
|---|---|---|---|
| Calhoun County | Florida | $145,300 | $779 |
| Marshall County | Iowa | $145,500 | $885 |
| Stephens County | Oklahoma | $145,300 | $895 |
| Callahan County | Texas | $145,500 | $817 |
| Bibb County | Alabama | $145,700 | $733 |
Other Counties in New York
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Herkimer County | $147,700 | $823 | 76.6% |
| Chemung County | $141,100 | $1,059 | 68.4% |
| Orleans County | $140,800 | $874 | 77.2% |
| Oswego County | $151,700 | $967 | 73.4% |
| Steuben County | $137,900 | $894 | 73.3% |
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).