Franklin County, Arkansas 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 100% above the Arkansas median More expensive than 86% of counties in Arkansas$224,136
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Median rent 24% below the Arkansas median$718
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,136 | $111,957 | $248,835 |
| Price Trend (Annual %) | 45.3% | 3.4% | 7.5% |
| Median Gross Rent | $718 | $947 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 100% higher than in Arkansas. Rent is about 24% lower than the Arkansas 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 45.3% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 23.2% between 2015 and 2024, from $583 to $718. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 26.0 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Franklin County. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Franklin County | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $224,136 | $111,957 | $248,835 |
| Median Household Income | $54,144 | $60,940 | $80,455 |
| Price-to-Income Ratio | 4.1 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 161.1%, while median household income rose about 56.3% 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 | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.8% | 57.4% | 58.5% |
| Rental Rate | 20.0% | 29.0% | 31.2% |
| Vacancy Rate | 9.1% | 13.5% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Franklin County has a homeownership rate of 70.8%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 9.1%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Franklin County | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1984 | 1987 | 1978 |
| Median Number of Rooms | 5.5 | 5.5 | 5.5 |
The typical housing unit in Franklin County was built around 1984. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 16.0 years on average.
Franklin County, AR Housing Compared With Nearby Counties
Franklin County, AR is the smallest of the 4 counties compared here, 17,335 residents against a local median of 61,139. Franklin County, AR's median home price, at $224,136, runs 41% above the $158,804 typical of the counties around it.
Median rent tells the same story from another angle: $718 against a local median of $850, 15% below it. The counties themselves spread $362,878 on median home price, so Franklin County, AR sits at one end of an already wide local range rather than apart from it. Franklin County, AR has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, AR | 17,335 | $224,136 #2/4 | $718 #4/4 | 78.0% #2/4 |
| Logan County, AR | 21,212 | $158,804 | $744 | 78.4% |
| Crawford County, AR | 61,139 | $501,474 | $850 | 75.5% |
| Sebastian County, AR | 128,900 | $138,596 | $885 | 61.4% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Arkansas.
What is the median home price in Franklin County, Arkansas?
The median home price in Franklin County, Arkansas is $224,136, higher than the Arkansas average of $111,957.
What is the average home price in Franklin County, Arkansas?
The typical home price in Franklin County, Arkansas, reported as the median sale price, is $224,136. 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, Arkansas?
The median gross rent in Franklin County, Arkansas is $718 per month, lower than the Arkansas average of $947.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Arkansas was $606 per month.
What is the price-to-rent ratio in Franklin County, Arkansas?
The price-to-rent ratio in Franklin County, Arkansas is about 26.0, meaning it would take roughly 26.0 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Franklin County.
Are home prices or rent rising faster in Franklin County, Arkansas?
Both home prices and rent are rising in Franklin County, up about 45.3% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Arkansas?
70.8% of households in Franklin County, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Franklin County, Arkansas?
The housing vacancy rate in Franklin County, Arkansas is 9.1%, lower than the Arkansas average of 13.5%.
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