Franklin, GA


Highest Appreciating Franklin Neighborhoods Since 2000

Franklin, GA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Franklin Housing Market Information

With a population of 969, 379 total housing units (homes and apartments), and a median house value of $115,004, house prices in Franklin are solidly below the national average.

Single-family detached homes are the single most common housing type in Franklin, accounting for 53.05% of the city's housing units. Other types of housing that are prevalent in Franklin include duplexes, homes converted to apartments or other small apartment buildings ( 29.89%), large apartment complexes or high rise apartments ( 13.47%), and a few mobile homes or trailers ( 3.58%).

Renters dominate Franklin's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Franklin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Franklin built between 1940-1969 ( 27.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.42%). There's also some housing in Franklin built before 1939 ( 8.42%).

Vacant housing appears to be an issue in Franklin. Fully 20.21% of the housing stock is classified as vacant. Left unchecked, vacant Franklin homes and apartments can be a drag on the real estate market, holding Franklin real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Franklin Home Appreciation Rates

Real estate appreciation rates in Franklin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.70% during the period.

Appreciation rates are so strong in Franklin that despite a nationwide downturn in the housing market, Franklin real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Franklin appreciation rates continue to be some of the highest in America, at 7.46%, which is higher than appreciation rates in 83.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Franklin. Franklin appreciation rates in the latest quarter were at 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Franklin's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values


Median Home Value:


Value Range
> $1,205,000 0.9
$903,001 - $1,205,000 1.0
$602,001 - $903,000 0.9
$481,001 - $602,000 0.9
$361,001 - $481,000 1.8
$241,001 - $361,000 10.1
$120,001 - $241,000 26.7
$60,001 - $120,000 32.7
$0 - $60,000 25.1

Average for GA
Low for Nation

Value Relative to Nation Value Relative to State
68.2643853275519 54.122621564482

Number Of Homes And Apartments:

Franklin Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
16.90% 0.91% 4 2
* 10 is highest

Rent & Ownership


Average Market Rent:
$858 / per month

Homeownership Rate

Owners 26.03
Renters 73.97
Vacant 20.21

Housing Market Details


Age of Homes

2000 or Newer 8.4
1970 - 1999 55.8
1940 - 1969 27.4
1939 or Older 8.4

Types of Homes

Single-Family 53.1
Townhomes 0.0
Small Apt. Buildings 29.9
Apt. Complexes 13.5
Mobile Homes 3.6
Other 0.0

Home Size

No Bedroom 2.32
1 Bedroom 23.16
2 Bedrooms 23.79
3 Bedrooms 37.26
4 Bedrooms 12.42
5 or more bedrooms 1.05

Popular Neighborhoods in Franklin

Zip Codes in Franklin, GA