Franklin County, Alabama Housing Market Prices
Franklin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 22% below the Alabama median$124,863
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Median rent 33% below the Alabama median Cheaper than 80% of counties in Alabama$675
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,863 | $160,474 | $248,835 |
| Price Trend (Annual %) | 6.2% | 6.3% | 7.5% |
| Median Gross Rent | $675 | $1,007 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 22% lower than in Alabama. Rent is about 33% lower than the Alabama average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Franklin County, up about 6.2% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 26.5% between 2015 and 2024, from $534 to $675. Over the same span, rent in Alabama rose about 40.5%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 15.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Franklin County. The price-to-rent ratio in Alabama is about 13.3.
| Metric | Franklin County | Alabama Avg | US Average |
|---|---|---|---|
| Median Home Price | $124,863 | $160,474 | $248,835 |
| Median Household Income | $53,041 | $64,544 | $80,455 |
| Price-to-Income Ratio | 2.4 | 2.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 80.7%, while median household income rose about 47.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Franklin County | Alabama Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 60.0% | 58.5% |
| Rental Rate | 23.6% | 25.5% | 31.2% |
| Vacancy Rate | 14.6% | 14.5% | 10.2% |
| Median Tenure (years) | 16.0 | 16.0 | 15.0 |
| Median Year Moved In | 2010 | 2010 | 2011 |
Franklin County has a homeownership rate of 61.8%, higher than the Alabama average of 60.0%. Its housing vacancy rate is 14.6%, compared with 14.5% in Alabama.
Housing Stock
| Metric | Franklin County | Alabama Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.48 people | 2.53 people |
| Median Structure Built Year | 1985 | 1985 | 1978 |
| Median Number of Rooms | 6.0 | 5.9 | 5.5 |
The typical housing unit in Franklin County was built around 1985. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 16.0 years on average.
Franklin County, AL Housing Compared With Nearby Counties
Franklin County, AL is the 3rd largest of the 4 counties compared here, 31,966 residents against a local median of 58,022. Franklin County, AL's median rent, at $675, runs 19% below the $838 typical of the counties around it.
The counties themselves spread $256 on median rent, so Franklin County, AL sits at one end of an already wide local range rather than apart from it. Franklin County, AL has the 3rd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, AL | 31,966 | $124,863 #3/4 | $675 #3/4 | 72.4% #2/4 |
| Colbert County, AL | 58,022 | $143,494 | $886 | 71.3% |
| Marion County, AL | 29,184 | $110,185 | $629 | 76.8% |
| Lauderdale County, AL | 95,537 | $260,000 | $838 | 68.9% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Alabama.
What is the median home price in Franklin County, Alabama?
The median home price in Franklin County, Alabama is $124,863, lower than the Alabama average of $160,474.
What is the average home price in Franklin County, Alabama?
The typical home price in Franklin County, Alabama, reported as the median sale price, is $124,863. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Franklin County, Alabama?
The median gross rent in Franklin County, Alabama is $675 per month, lower than the Alabama average of $1,007.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Alabama was $561 per month.
What is the price-to-rent ratio in Franklin County, Alabama?
The price-to-rent ratio in Franklin County, Alabama is about 15.4, meaning it would take roughly 15.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Franklin County.
Are home prices or rent rising faster in Franklin County, Alabama?
Both home prices and rent are rising in Franklin County, up about 6.2% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Alabama?
61.8% of households in Franklin County, Alabama own their home, higher than the Alabama average of 60.0%.
What is the vacancy rate in Franklin County, Alabama?
The housing vacancy rate in Franklin County, Alabama is 14.6%, higher than the Alabama average of 14.5%.
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