Franklin County, Washington Housing Market
In Franklin County, Washington, the median home value is $379,300, with a median monthly rent of $1,198. This places Franklin County at #340 nationally out of 3134 counties by median home value, and #25 within Washington.
📈 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: $1,069
- Establishments: 2,329
- BLS QCEW, 2025
Housing Supply
- Single-family: 369
- Multi-family: 399
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 36,369 (avg $75,986)
- Outflow: 35,095 (avg $76,145)
- 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 | 99301 | 330.8 | +0.87% | 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 | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $379,300 | $436,312 | $227,706 |
| Median Gross Rent | $1,198 | $1,251 | $968 |
| Owner Occupancy Rate | 71.0% | 71.3% | 73.3% |
| Price/Rent Ratio | 26.4 | 29.2 | 18.7 |
Market Analysis
The median home value in Franklin County is 13.1% below the Washington state average and 66.6% above the U.S. national average. The median rent of $1,198/month is 4.2% below the state average.
With a price-to-rent ratio of 26.4, Franklin County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Franklin County has an owner-occupancy rate of 71.0%, compared to 71.3% in Washington 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 |
|---|---|---|---|
| Iron County | Utah | $379,000 | $1,065 |
| Lower Connecticut River Valley Planning Region | Connecticut | $379,700 | $1,454 |
| Currituck County | North Carolina | $378,800 | $1,162 |
| Mesa County | Colorado | $378,600 | $1,182 |
| Chesapeake city | Virginia | $378,400 | $1,586 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Lewis County | $385,800 | $1,097 | 75.8% |
| Pend Oreille County | $367,900 | $855 | 80.8% |
| Wahkiakum County | $396,800 | $853 | 83.2% |
| Cowlitz County | $397,500 | $1,206 | 68.0% |
| Whitman County | $359,600 | $1,049 | 46.8% |
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).