In Franklin, a typical home is worth $183,100 and typical rent is $981 a month. Compared with all of Warren County, the typical home value is 48% lower, typical household income is 47% lower, and the share of households that own their home is 19 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $201,961 to $266,590.
Typical rent
$1,302a month
Typical rent from Zillow, March 2026 to September 2026: from $1,216 to $1,302.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Franklin is in Warren County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Warren County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Franklin is worth $183,100,48% less than in Warren County as a whole ($349,400).
2
The typical household income in Franklin is $58,587,47% less than in Warren County as a whole ($110,132).
3
61% of households in Franklin own their home, against 79% in Warren County.
4
The typical rent in Franklin is $981 a month, 28% less than in Warren County as a whole ($1,361).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Franklin
What homes there are in Franklin, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Franklin
Warren County
Ohio
United States
Kind of home: Franklin and its comparisons
Measure
Franklin
Warren County
Ohio
United States
Detached house
74%
77%
69%
61%
Attached house
Unreliable estimate
7%
5%
6%
Building of 2 to 4
10%
5%
8%
8%
Apartments (5 or more)
11%
11%
15%
19%
Mobile home
Unreliable estimate
1%
3%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Franklin (74%), but less so than in Warren County (77%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Franklin
Warren County
Ohio
United States
Year built: Franklin and its comparisons
Measure
Franklin
Warren County
Ohio
United States
Before 1960
36%
14%
38%
26%
1960–1979
33%
18%
26%
24%
1980–1999
17%
29%
20%
25%
2000–2009
11%
22%
10%
14%
2010 or later
4%
17%
7%
11%
Homes in Franklin are older: the typical year built is 1967; in Warren County, 1995.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K19%
$100K–$200K36%
$200K–$300K31%
$300K–$500K13%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Franklin and its comparisons
Measure
Franklin
Under $100K
19%
$100K–$200K
36%
$200K–$300K
31%
$300K–$500K
13%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
With an FHA limit of $541,287, at least 99% of owner-occupied homes in Franklin sit below it: they are worth less than $500,000.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50018%
$500–$99935%
$1,000–$1,49937%
HUD fair market rent, 2 bedrooms: $1,442
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Franklin and its comparisons
Measure
Franklin
Under $500
18%
$500–$999
35%
$1,000–$1,499
37%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Warren County is $1,442; about 85% of rents in Franklin are below it.
With a mortgage
$1,331 a month
Warren County: $1,974 a month
Without a mortgage
$551 a month
Warren County: $756 a month
Owners with a mortgage
73%
Warren County: 69%
The typical cost for an owner with a mortgage in Franklin is $1,331 a month, less than in Warren County ($1,974); without one, $551.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Franklin+63%
Warren County+57%
Ohio+47%
United States+53%
Typical rent
Franklin+25%
Warren County+28%
Ohio+28%
United States+33%
Typical household income
FranklinNo clear change
Warren County+26%
Ohio+26%
United States+29%
Change since 2015–2019: Franklin and its comparisons
Measure
Franklin
Warren County
Ohio
United States
Typical home value
+63%
+57%
+47%
+53%
Typical rent
+25%
+28%
+28%
+33%
Typical household income
No clear change
+26%
+26%
+29%
From 2015–2019 to 2020–2024, the typical home value in Franklin rose 63%; in Warren County, it rose 57%.
Rents in Franklin rose more slowly than in Warren County: 25% since 2015–2019, against 28%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Franklin and its comparisons
Measure
Franklin
Warren County
Ohio
United States
Rental vacancy
Unreliable estimate
5.4%
4.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.3%
1.5%
3.4%
People per household
2.45
2.66
2.37
2.53
Drive alone
76%
74%
75%
69%
Carpool
Unreliable estimate
6%
8%
9%
Public transit
Unreliable estimate
0%
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
9%
19%
13%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Households in Franklin are smaller: 2.45 people on average; in Warren County, 2.66.
In Franklin, 76% of workers drive alone to work; in Warren County, 74%.
Do the math
What would you pay each month for a home in Franklin?
A typical home is tight for the typical income
We start with a typical home in Franklin, worth $183,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 32% of the typical household income in Franklin, which is $58,587 a year. For that payment to be 28% of income, a household would need to earn about $67,046 a year.
The calculator's FHA and conventional loan limits are those of all of Warren County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Franklin. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,409 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,564
at 7.18% · 30 years
Loan amount
$179,783
Total interest
$258,666
Paid off in
November 2056
Includes $3,092 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,367 a month
Tight
$1,367 to $1,758 a month
Your payment · 32%
Hard
more than $1,758 a month
Compared with the typical household income in Franklin ($58,587 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,218
Property tax
$189
Home insurance
$76
FHA mortgage insurance (MIP)
$81
You need at least $6,409 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,564; principal and interest $1,218.
The city and its county
Franklin and Warren County
Franklin is in Warren County, Ohio. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Franklin
Map of Warren County, Ohio, with Franklin marked. Around it, the neighboring counties.
Franklin
Warren County
Other cities with a page
Franklin's own numbers
Typical home value
$183,100
Typical monthly rent
$981
Typical yearly household income
$58,587
Households that own their home
61%
Effective property tax rate
1.24%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Warren County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,442
Price change over 5 years (FHFA)
+60%
Homes in a high flood-risk zone
1.6%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Warren County.
A typical home in Franklin is worth $183,100: 48% below the county and 15% below Ohio. With the typical household income in Franklin ($58,587 a year), a typical home costs 3.1 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Franklin3.1 years
Warren3.2 years
Ohio3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Warren County
According to FHFA’s house price index, home prices in Warren County rose 103% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Warren County.
Yearly change in FHFA’s price index in Warren County, 2016 to 2025
2016: +4.2% +4.2% 2016
2017: +4.8% +4.8% 2017
2018: +5.9% +5.9% 2018
2019: +5.5% +5.5% 2019
2020: +4.2% +4.2% 2020
2021: +11.3% +11.3% 2021
2022: +17.1% +17.1% 2022
2023: +8.5% +8.5% 2023
2024: +8.8% +8.8% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Warren County, Ohio and the United States
Period
County
Ohio
U.S.
Last year (2025)
+4.0%
+4.8%
+2.9%
5 years (2020–2025)
+60%
+53%
+47%
10 years (2015–2025)
+103%
+93%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Franklin next to Warren County, Ohio and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Franklin$183,100
Warren$349,400
Ohio$214,800
United States$332,700
Typical monthly rent
Franklin$981
Warren$1,361
Ohio$1,034
United States$1,413
Typical yearly household income
Franklin$58,587
Warren$110,132
Ohio$71,389
United States$80,734
See the full table
Franklin next to Warren County and Ohio
Measure
Franklin
Warren County
Ohio
U.S.
Typical home value
$183,100 ▼48% below the county
$349,400
$214,800
$332,700
Typical monthly rent
$981 ▼28% below the county
$1,361
$1,034
$1,413
Typical yearly household income
$58,587 ▼47% below the county
$110,132
$71,389
$80,734
Households that own their home
61% ▼19 points below the county
79%
67%
65%
Typical yearly property tax
$2,263 ▼46% below the county
$4,199
$2,822
$3,119
Effective property tax rate
1.24% ▲0.04 points above the county
1.2%
1.31%
0.94%
Renters with high rent for their income
49% ▲7 points above the county
41%
46%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Warren County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Franklin
For a typical $183,100 home in Franklin, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Franklin's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,564a month
Least cash to close
Down payment
$6,409
Cash to close
$11,902
Rate
7.18%
Mortgage insurance
FHA MIP · $81
Conventional, 5% down$1,531a month
Down payment
$9,155
Cash to close
$14,648
Rate
7.18%
Mortgage insurance
PMI · $87
Conventional, 20% down, no PMI$1,258a month
Down payment
$36,620
Cash to close
$42,113
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,427a month
Down payment
$27,465
Cash to close
$32,958
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Franklin
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,564
$6,409
$179,784
7.18%
FHA MIP · $81
$11,902
580
Conventional, 5% down
$1,531
$9,155
$173,945
7.18%
PMI · $87
$14,648
620*
Conventional, 20% down, no PMI
$1,258
$36,620
$146,480
7.18%
None
$42,113
620*
ITIN, 15% down (example)
$1,427
$27,465
$155,635
8.18%
None
$32,958
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Franklin is $981 a month: 28% below the county. In Franklin, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Warren County, by unit size. To pay the 2-bedroom one ($1,442 a month) without spending more than 30% of your income, you would need to earn $27.73 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Warren County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,052
$20.23
$42,080
1 bedroom
$1,128
$21.69
$45,120
2 bedrooms
$1,442
$27.73
$57,680
3 bedrooms
$1,897
$36.48
$75,880
4 bedrooms
$2,141
$41.17
$85,640
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Franklin
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Franklin is in ZIP code 45005.
For 2 bedrooms it is $1,350: $92 less than the fair market rent for Warren County ($1,442).
Fair market rent by ZIP code and size in Franklin, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
45005
$980
$1,060
$1,350
$1,780
$2,000
ZIP code2 bd3 bd
45005 $1,350$1,780
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Franklin when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Warren County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Franklin or Warren County. The ones below are statewide in Ohio: they work in Franklin the same as in the rest of the state.
Ohio state agency help of 2.5% or 5% of the price for the down payment, closing costs or other costs before closing, forgiven after seven years; if you sell sooner, you repay all of it.Offered by Ohio Housing Finance Agency (OHFA).
Ohio state agency certificate that turns part of your mortgage interest into a credit on your federal tax return, up to $2,000 a year: 40% with an OHFA mortgage (MTC Plus) or 15% to 20% with another mortgage (MTC Basic).Offered by Ohio Housing Finance Agency (OHFA).
No legal help resource on our list is for Franklin or Warren County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Franklin and all of Warren County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Franklin?
The typical home value in Franklin is $183,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Warren County it is $349,400.
How much does it cost to rent in Franklin?
Typical rent in Franklin is $981 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Warren County is $1,442.
What is the FHA loan limit in Franklin?
Franklin uses the FHA limit for all of Warren County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Franklin?
The typical homeowner in Franklin pays $2,263 a year, according to the U.S. Census Bureau. That is 1.24% of the home’s value; in Warren County, the rate is 1.2%.
Where can I find free help to buy or rent in Franklin?
We found no HUD-approved counseling agencies with an office in Warren County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
