Franklin, MN Housing Statistics

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56%

Med. Home Val. NAT. AVG.

39%

Rent NAT. AVG.

11%

Owner Occ. NAT. AVG.

Franklin Housing Information

Index	Franklin	Minnesota	National
Median home price	$143,666	$339,061	$326,622
Median rent asked	$874	$1,332	$1,444
Avg. people per household	2.4	2.4	2.6
Owner occupied households	70.5%	71.4%	63.6%
Renter occupied households	29.5%	28.6%	36.4%

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Housing Quick Facts

The median home price in Franklin is 56% lower than the national average.
The median rent asked in Franklin is 39% lower than the national average.
The average number of people per household in Franklin is 10% lower than the national average.
The number of owner occupied households in Franklin is 11% higher than the national average.
The number of renter occupied households in Franklin is 19% lower than the national average.

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Nearby cities with low home prices

	Population	Home Price	National Avg.
Evan, MN	71	$79,531	76%
Clements, MN	143	$95,421	71%
Morton, MN	387	$111,654	66%
Morgan, MN	862	$144,153	56%
Fairfax, MN	1,162	$148,462	55%
Franklin, MN	599	$143,666	56%

Cities with similar population

	Population	Home Price	National Avg.
North Fairfield, OH	599	$167,253	49%
Cedarville, MD	599	$0	100%
La Rue, OH	599	$128,543	61%
Bowen, IL	599	$100,408	69%
Arroyo Hondo, NM	599	$1,646,701	404%
Franklin, MN	599	$143,666	56%

Source: The Franklin, MN housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.