Franklin County, Missouri 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 44% above the Missouri median More expensive than 79% of counties in Missouri$209,682
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Median rent 14% below the Missouri median More expensive than 80% of counties in Missouri$892
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,682 | $145,462 | $248,835 |
| Price Trend (Annual %) | 3.7% | 5.2% | 7.5% |
| Median Gross Rent | $892 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 44% higher than in Missouri. Rent is about 14% lower than the Missouri 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 3.7% and 3.0% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 28.3% between 2015 and 2024, from $695 to $892. Over the same span, rent in Missouri rose about 38.6%.
Affordability
On average, housing unit costs 2.9 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 19.6 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 Missouri is about 11.7.
| Metric | Franklin County | Missouri Avg | US Average |
|---|---|---|---|
| Median Home Price | $209,682 | $145,462 | $248,835 |
| Median Household Income | $73,054 | $70,801 | $80,455 |
| Price-to-Income Ratio | 2.9 | 2.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 63.2%, while median household income rose about 39.5% 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 | Missouri Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.1% | 60.5% | 58.5% |
| Rental Rate | 21.8% | 28.3% | 31.2% |
| Vacancy Rate | 7.1% | 11.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Franklin County has a homeownership rate of 71.1%, higher than the Missouri average of 60.5%. Its housing vacancy rate is 7.1%, compared with 11.2% in Missouri.
Housing Stock
| Metric | Franklin County | Missouri Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.40 people | 2.53 people |
| Median Structure Built Year | 1985 | 1978 | 1978 |
| Median Number of Rooms | 5.7 | 5.7 | 5.5 |
The typical housing unit in Franklin County was built around 1985. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Franklin County, MO Housing Compared With Nearby Counties
Franklin County, MO is the 2nd largest of the 5 counties compared here, 105,953 residents against a local median of 30,353. Nothing separates Franklin County, MO sharply from the counties around it. Each measure below lands within 15% of the local median, close enough that the differences are within what survey sampling alone would produce.
The largest of those small differences is homeownership, 4% below the local median at 76.5% against 79.3%. Franklin County, MO has the 4th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, MO | 105,953 | $209,682 #3/5 | $892 #3/5 | 76.5% #4/5 |
| Warren County, MO | 37,236 | $198,437 | $994 | 80.2% |
| Washington County, MO | 23,470 | $229,237 | $683 | 78.4% |
| Crawford County, MO | 22,797 | $47,758 | $794 | 69.2% |
| St. Charles County, MO | 414,008 | $326,504 | $1,369 | 80.5% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Missouri.
What is the median home price in Franklin County, Missouri?
The median home price in Franklin County, Missouri is $209,682, higher than the Missouri average of $145,462.
What is the average home price in Franklin County, Missouri?
The typical home price in Franklin County, Missouri, reported as the median sale price, is $209,682. 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, Missouri?
The median gross rent in Franklin County, Missouri is $892 per month, lower than the Missouri average of $1,033.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Missouri was $762 per month.
What is the price-to-rent ratio in Franklin County, Missouri?
The price-to-rent ratio in Franklin County, Missouri is about 19.6, meaning it would take roughly 19.6 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, Missouri?
Both home prices and rent are rising in Franklin County, up about 3.7% and 3.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Missouri?
71.1% of households in Franklin County, Missouri own their home, higher than the Missouri average of 60.5%.
What is the vacancy rate in Franklin County, Missouri?
The housing vacancy rate in Franklin County, Missouri is 7.1%, lower than the Missouri average of 11.2%.
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