Franklin County, New York 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 80% below the New York median Cheaper than 84% of counties in New York$96,666
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Median rent 48% below the New York median Cheaper than 87% of counties in New York$843
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,666 | $471,885 | $248,835 |
| Price Trend (Annual %) | 1.4% | 7.1% | 7.5% |
| Median Gross Rent | $843 | $1,621 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 80% lower than in New York. Rent is about 48% lower than the New York 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 1.4% and 3.0% a year respectively. Rent is changing faster.
Median rent in Franklin County rose about 25.6% between 2015 and 2024, from $671 to $843. Over the same span, rent in New York rose about 43.2%.
Affordability
On average, housing unit costs 1.5 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 9.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County. The price-to-rent ratio in New York is about 24.3.
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Median Home Price | $96,666 | $471,885 | $248,835 |
| Median Household Income | $65,925 | $86,556 | $80,455 |
| Price-to-Income Ratio | 1.5 | 5.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 4.2%, while median household income rose about 54.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 48.8% | 58.5% |
| Rental Rate | 21.0% | 41.1% | 31.2% |
| Vacancy Rate | 23.5% | 10.1% | 10.2% |
| Median Tenure (years) | 19.0 | 17.0 | 15.0 |
| Median Year Moved In | 2007 | 2009 | 2011 |
Franklin County has a homeownership rate of 55.5%, higher than the New York average of 48.8%. Its housing vacancy rate is 23.5%, compared with 10.1% in New York.
Housing Stock
| Metric | Franklin County | New York Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.18 people | 2.49 people | 2.53 people |
| Median Structure Built Year | 1964 | 1960 | 1978 |
| Median Number of Rooms | 5.7 | 5.0 | 5.5 |
The typical housing unit in Franklin County was built around 1964. On average, 2.2 people live in a home with about 5.7 rooms, staying for about 19.0 years on average.
Franklin County, NY Housing Compared With Nearby Counties
Franklin County, NY is the 3rd largest of the 4 counties compared here, 46,696 residents against a local median of 78,493. Franklin County, NY sits close to the middle of its own neighbourhood. No measure below is more than 15% off the local median, so the choice between these counties turns on things this data does not capture.
The largest of those small differences is median rent, 10% below the local median at $843 against $934. Franklin County, NY has the 3rd highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, NY | 46,696 | $96,666 #2/4 | $843 #3/4 | 72.5% #2/4 |
| Clinton County, NY | 78,493 | $84,133 | $1,003 | 69.4% |
| Essex County, NY | 36,973 | $186,000 | $934 | 77.3% |
| St. Lawrence County, NY | 100,889 | $95,915 | $817 | 71.9% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, New York.
What is the median home price in Franklin County, New York?
The median home price in Franklin County, New York is $96,666, lower than the New York average of $471,885.
What is the average home price in Franklin County, New York?
The typical home price in Franklin County, New York, reported as the median sale price, is $96,666. 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, New York?
The median gross rent in Franklin County, New York is $843 per month, lower than the New York average of $1,621.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, New York was $705 per month.
What is the price-to-rent ratio in Franklin County, New York?
The price-to-rent ratio in Franklin County, New York is about 9.6, meaning it would take roughly 9.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County.
Are home prices or rent rising faster in Franklin County, New York?
Both home prices and rent are rising in Franklin County, up about 1.4% and 3.0% a year respectively. Rent is changing faster.
What is the homeownership rate in Franklin County, New York?
55.5% of households in Franklin County, New York own their home, higher than the New York average of 48.8%.
What is the vacancy rate in Franklin County, New York?
The housing vacancy rate in Franklin County, New York is 23.5%, higher than the New York average of 10.1%.
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