Franklin Parish, Louisiana Housing Market
In Franklin Parish, Louisiana, the median home value is $113,000, with a median monthly rent of $721. This places Franklin Parish at #2755 nationally out of 3134 counties by median home value, and #51 within Louisiana.
📈 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: $756
- Establishments: 431
- BLS QCEW, 2025
Housing Supply
- Single-family: 13
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,707 (avg $46,671)
- Outflow: 6,493 (avg $46,932)
- IRS Statistics of Income
How Franklin Parish Compares
| Metric | Franklin Parish | Louisiana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $113,000 | $167,368 | $227,706 |
| Median Gross Rent | $721 | $914 | $968 |
| Owner Occupancy Rate | 73.2% | 72.2% | 73.3% |
| Price/Rent Ratio | 13.1 | 15.1 | 18.7 |
Market Analysis
The median home value in Franklin Parish is 32.5% below the Louisiana state average and 50.4% below the U.S. national average. The median rent of $721/month is 21.1% below the state average.
With a price-to-rent ratio of 13.1, buying a home in Franklin Parish 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 Parish has an owner-occupancy rate of 73.2%, compared to 72.2% in Louisiana 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 |
|---|---|---|---|
| Barbour County | Alabama | $112,900 | $688 |
| Vermillion County | Indiana | $113,100 | $750 |
| Webster County | Kentucky | $112,900 | $783 |
| Cattaraugus County | New York | $113,100 | $770 |
| Adams County | North Dakota | $113,200 | $594 |
Other Counties in Louisiana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Union Parish | $112,500 | $778 | 77.8% |
| Webster Parish | $114,500 | $795 | 66.8% |
| Jackson Parish | $115,600 | $736 | 70.0% |
| Winn Parish | $108,500 | $774 | 71.2% |
| Morehouse Parish | $118,800 | $839 | 68.6% |
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).