Franklin County, FL

Comprehensive housing, income, and cost of living data for Franklin County, Florida. Population: 12.3K.

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Median Home Price

$274.1K

Based on 4 cities

Median Household Income

$62.7K

Annual household income

Price-to-Income Ratio

4.4x

Moderately affordable

Salary Needed to Buy

$69.9K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,572

Average annual amount

Effective Tax Rate

0.57%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$1,386

Property Tax$131

Insurance$114

Total Monthly$1,631

Historical Home Prices

2015

$222.5K

2016

$229.9K

+3.4%%

2017

$244.2K

+6.2%%

2018

$270.9K

+11.0%%

2019

$284.1K

+4.9%%

2020

$319.8K

+12.5%%

2021

$396.6K

+24.0%%

2022

$430.4K

+8.5%%

2023

$439.7K

+2.1%%

2024

$442.8K

+0.7%%

2025

$406.7K

-8.2%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

2.6%%

Below national average

Population Density

People per square mile

Homicide Rate

16.6

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+1

Racial Demographics

White

78.9%

Black

10.7%

Hispanic

5.4%

Asian

0.3%

Two or More Races

4.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

69°F

Annual average

Sunny Days

198

Days per year

Annual Rainfall

56.5"

Inches per year

Natural Disaster Risk

Moderate Risk

Score: 47/100

January Low

21°F

Average winter low

July High

85°F

Average summer high

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