The typical owner-occupied home in Franklin County is worth about $198,700, 9% below the Kansas median of $217,200 and 40% below the national median of $332,700. Owners pay a median $2,810 a year in property taxes, about 1.41% of their home's value, higher than the Kansas rate of 1.29%. The median household earns $77,207 a year, so the median home costs 2.6 times the median income (2.9 times for Kansas). 72% of occupied homes here are lived in by their owners, and 60% of those owners still have a mortgage.
Franklin County at a glance
| Franklin County | Kansas | U.S. | |
|---|---|---|---|
| Median home value | $198,700 | $217,200 | $332,700 |
| Median property tax paid per year | $2,810 | $2,798 | $3,119 |
| Property tax as a share of value | 1.41% | 1.29% | 0.94% |
| Median household income | $77,207 | $74,275 | $80,734 |
| Homes lived in by their owners | 72% | 67% | 65% |
| Owner homes with a mortgage | 60% | 57% | 61% |
| Median monthly costs, owners with a mortgage | $1,669 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 21.1% | 19.4% | 21.0% |
| Median rent | $1,042 | $1,060 | $1,413 |
| Rent as a share of renters' income | 25.0% | 27.1% | 30.6% |
| Median year homes were built | 1975 | 1976 | 1980 |
| Vacant homes | 8.0% | 9.2% | 10.1% |
| Population | 26,106 | 2,947,197 | 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 $198,700 with 20% down costs about $1,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,717, 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 $59,382 for the 20%-down payment. That payment is 22% of the median Franklin County household income of $77,207; at that income and 20% down, the 28% guideline points to a home of about $258,000.
The median rent here is $1,042 a month, so owning the median home costs about $344 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $39,740 |
|---|---|
| Loan amount | $158,960 |
| Principal and interest | $1,069 |
| Property taxes (1.41% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| PMI | $0 |
| Total per month | $1,386 |
Change the numbers in the calculator
| Down payment | $6,954 |
|---|---|
| Loan amount | $195,101 |
| Principal and interest | $1,312 |
| Property taxes (1.41% a year) | $233 |
| Homeowners insurance (our estimate, 0.5% a year) | $83 |
| FHA mortgage insurance | $88 |
| Total per month | $1,717 |
Change the numbers in the calculator
Questions about home buying in Franklin County
What is the median home value in Franklin County?
About $198,700 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 $2,810 a year, which is about 1.41% 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 $1,386 a month. Keeping that under 28% of gross income takes about $59,382 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