The typical owner-occupied home in Franklin County is worth about $179,000, 41% below the Georgia median of $303,300 and 46% below the national median of $332,700. Owners pay a median $1,288 a year in property taxes, about 0.72% of their home's value, lower than the Georgia rate of 0.77%. The median household earns $53,046 a year, so the median home costs 3.4 times the median income (3.9 times for Georgia). 77% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Franklin County at a glance
| Franklin County | Georgia | U.S. | |
|---|---|---|---|
| Median home value | $179,000 | $303,300 | $332,700 |
| Median property tax paid per year | $1,288 | $2,341 | $3,119 |
| Property tax as a share of value | 0.72% | 0.77% | 0.94% |
| Median household income | $53,046 | $77,353 | $80,734 |
| Homes lived in by their owners | 77% | 66% | 65% |
| Owner homes with a mortgage | 42% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $1,432 | $1,783 | $1,963 |
| Those costs as a share of the owners' income | 25.7% | 20.0% | 21.0% |
| Median rent | $844 | $1,393 | $1,413 |
| Rent as a share of renters' income | 23.9% | 31.3% | 30.6% |
| Median year homes were built | 1989 | 1992 | 1980 |
| Vacant homes | 17.5% | 10.3% | 10.1% |
| Population | 24,234 | 10,940,407 | 334,922,499 |
What a typical home costs per month in Franklin County
At this week's average 30-year rate of 7.11%, buying the median Franklin County home of $179,000 with 20% down costs about $1,145 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,443, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $49,084 for the 20%-down payment. That payment is 26% of the median Franklin County household income of $53,046; at that income and 20% down, the 28% guideline points to a home of about $193,000.
The median rent here is $844 a month, so owning the median home costs about $301 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $35,800 |
|---|---|
| Loan amount | $143,200 |
| Principal and interest | $963 |
| Property taxes (0.72% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| PMI | $0 |
| Total per month | $1,145 |
Change the numbers in the calculator
| Down payment | $6,265 |
|---|---|
| Loan amount | $175,758 |
| Principal and interest | $1,182 |
| Property taxes (0.72% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $75 |
| FHA mortgage insurance | $79 |
| Total per month | $1,443 |
Change the numbers in the calculator
Questions about home buying in Franklin County
What is the median home value in Franklin County?
About $179,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Franklin County?
Homeowners pay a median $1,288 a year, which is about 0.72% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Franklin County?
For the median home with 20% down at 7.11%, the payment is about $1,145 a month. Keeping that under 28% of gross income takes about $49,084 a year.
More about Franklin County
- Mortgage Refinance in Franklin County
- Debt Relief in Franklin County
- Home Equity Loans in Franklin County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data