Franklin County, Georgia 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 10% below the Georgia median$230,357
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Median rent 39% below the Georgia median$844
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,357 | $256,986 | $248,835 |
| Price Trend (Annual %) | 10.9% | 8.9% | 7.5% |
| Median Gross Rent | $844 | $1,392 | $1,407 |
| Rent Trend (Annual %) | 4.5% | 5.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 10% lower than in Georgia. Rent is about 39% lower than the Georgia 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 10.9% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 39.0% between 2015 and 2024, from $607 to $844. Over the same span, rent in Georgia rose about 58.5%.
Affordability
On average, housing unit costs 4.4 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 22.7 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 Georgia is about 15.4.
| Metric | Franklin County | Georgia Avg | US Average |
|---|---|---|---|
| Median Home Price | $230,357 | $256,986 | $248,835 |
| Median Household Income | $52,500 | $77,523 | $80,455 |
| Price-to-Income Ratio | 4.4 | 3.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 103.6%, while median household income rose about 49.6% 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 | Georgia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.6% | 58.9% | 58.5% |
| Rental Rate | 18.8% | 30.8% | 31.2% |
| Vacancy Rate | 17.5% | 10.3% | 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 63.6%, higher than the Georgia average of 58.9%. Its housing vacancy rate is 17.5%, compared with 10.3% in Georgia.
Housing Stock
| Metric | Franklin County | Georgia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.62 people | 2.62 people | 2.53 people |
| Median Structure Built Year | 1986 | 1990 | 1978 |
| Median Number of Rooms | 5.7 | 5.9 | 5.5 |
The typical housing unit in Franklin County was built around 1986. On average, 2.6 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Franklin County, GA Housing Compared With Nearby Counties
How Franklin County, GA compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, GA | 24,234 | $230,357 #2/3 | $844 #2/3 | 77.2% #2/3 |
| Banks County, GA | 19,270 | $85,000 | $827 | 78.7% |
| Habersham County, GA | 47,793 | $359,259 | $974 | 72.8% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Georgia.
What is the median home price in Franklin County, Georgia?
The median home price in Franklin County, Georgia is $230,357, lower than the Georgia average of $256,986.
What is the average home price in Franklin County, Georgia?
The typical home price in Franklin County, Georgia, reported as the median sale price, is $230,357. 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, Georgia?
The median gross rent in Franklin County, Georgia is $844 per month, lower than the Georgia average of $1,392.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Georgia was $671 per month.
What is the price-to-rent ratio in Franklin County, Georgia?
The price-to-rent ratio in Franklin County, Georgia is about 22.7, meaning it would take roughly 22.7 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, Georgia?
Both home prices and rent are rising in Franklin County, up about 10.9% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Georgia?
63.6% of households in Franklin County, Georgia own their home, higher than the Georgia average of 58.9%.
What is the vacancy rate in Franklin County, Georgia?
The housing vacancy rate in Franklin County, Georgia is 17.5%, higher than the Georgia average of 10.3%.
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