Franklin County, FL

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

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
23

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

Frequently Asked Questions

What is the median home price in Franklin County, FL?

The median home price in Franklin County, Florida is $274.1K. The price-to-income ratio is 4.4x, meaning the median home costs 4.4 times the median household income.

What salary do you need to buy a home in Franklin County?

Based on a 30-year mortgage at 6.5% with 20% down and the 28% debt-to-income rule, you need approximately $69.9K per year to buy the median home in Franklin County, FL. Monthly housing costs break down to $1,386 for mortgage, $131 for property tax, and $114 for insurance.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 0.57%, which comes to approximately $1,572 per year on the median home.

What is the median household income in Franklin County?

The median household income in Franklin County, Florida is $62.7K per year, based on Census Bureau American Community Survey data. The unemployment rate is 2.6%%.

Is Franklin County a good place to live?

Franklin County, Florida has a population of 12.3K. Housing affordability is moderate with a price-to-income ratio of 4.4x. The climate averages 69 degrees F with 198 sunny days per year. Compare Franklin County with other areas using our cost of living tools to find the best fit for your budget and lifestyle.