Franklin County, Washington 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 20% below the Washington median$387,681
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Median rent 32% below the Washington median$1,198
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $387,681 | $485,016 | $248,835 |
| Price Trend (Annual %) | 7.5% | 10.9% | 7.5% |
| Median Gross Rent | $1,198 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 20% lower than in Washington. Rent is about 32% lower than the Washington 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 7.5% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 48.3% between 2015 and 2024, from $807 to $1,198. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 27.0 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 Washington is about 23.0.
| Metric | Franklin County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $387,681 | $485,016 | $248,835 |
| Median Household Income | $86,960 | $98,224 | $80,455 |
| Price-to-Income Ratio | 4.5 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 108.2%, while median household income rose about 79.3% 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 | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 68.0% | 59.1% | 58.5% |
| Rental Rate | 27.8% | 33.6% | 31.2% |
| Vacancy Rate | 4.1% | 7.3% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Franklin County has a homeownership rate of 68.0%, higher than the Washington average of 59.1%. Its housing vacancy rate is 4.1%, compared with 7.3% in Washington.
Housing Stock
| Metric | Franklin County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.21 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1991 | 1983 | 1978 |
| Median Number of Rooms | 5.8 | 5.5 | 5.5 |
The typical housing unit in Franklin County was built around 1991. On average, 3.2 people live in a home with about 5.8 rooms, staying for about 14.0 years on average.
Franklin County, WA Housing Compared With Nearby Counties
Franklin County, WA is typical in size for this group, 98,902 residents against a local median of 101,798, so the measures below are close to a like for like comparison. The measure that sets Franklin County, WA apart most is median home price: $387,681, 49% above the local median of $260,068.
The counties themselves sit within $40,312 of each other on median home price, a tighter band than the gap between any of them and Franklin County, WA, which makes it a genuine outlier here rather than one end of a wide local spread. Franklin County, WA has the highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, WA | 98,902 | $387,681 #1/4 | $1,198 #2/4 | 71.0% #1/4 |
| Benton County, WA | 212,794 | $279,282 | $1,306 | 67.6% |
| Grant County, WA | 101,798 | $238,970 | $1,116 | 66.3% |
| Umatilla County, OR | 79,928 | $260,068 | $996 | 67.9% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Washington.
What is the median home price in Franklin County, Washington?
The median home price in Franklin County, Washington is $387,681, lower than the Washington average of $485,016.
What is the average home price in Franklin County, Washington?
The typical home price in Franklin County, Washington, reported as the median sale price, is $387,681. 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, Washington?
The median gross rent in Franklin County, Washington is $1,198 per month, lower than the Washington average of $1,759.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Washington was $915 per month.
What is the price-to-rent ratio in Franklin County, Washington?
The price-to-rent ratio in Franklin County, Washington is about 27.0, meaning it would take roughly 27.0 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, Washington?
Both home prices and rent are rising in Franklin County, up about 7.5% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Washington?
68.0% of households in Franklin County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Franklin County, Washington?
The housing vacancy rate in Franklin County, Washington is 4.1%, lower than the Washington average of 7.3%.
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