Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$155,229+6.2% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 14% have cut their price
Income needed to buy, per year$33,650About 0.5× the local median income ($71,711): affordable for a typical household
Days on market57 daysFaster than a year ago: sellers have the edge
The typical home in Franklin County, IA is worth $155,229, up 6.2% from a year ago. That is well above what local incomes have historically supported: fair value is about $139,121, so the area is 11.6% overvalued. It is a balanced market, leaning toward sellers: homes take about 57 days to sell, listings are down 3% from a year ago, 14% of listings have had a price cut. A household needs about $33,650 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,711. In the latest IRS figures, 22 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$155,229
Change in 1 year
+6.2%
Overvalued %
+11.6%
Show 6 more
Fair home value
$139,121
Change in 5 years
+25.5%
Home value to income
2.2×
Monthly mortgage payment (20% down)
$841
Income needed to afford it
$33,650
Property tax rate
1.32%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$927
Market activity
Listings vs a year ago
−2.8%
Days on market
57
Listings with a price cut
13.8%
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Homes for sale
35
Pending sales per 100 listings
23
Asking price per sq ft
$103
People and jobs
Median household income
$71,711
Population change (1 year)
−1.1%
Unemployment rate
3.8%
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Population
9,868
Income adjusted for cost of living
$85,269
Net moves in (IRS)
−22
Cost of living (US = 100)
84.1
Schools, risk and environment
School rating (1 to 10)
3.7
FEMA hazard risk score (0 to 100)
21.9
Flood risk score
14.0
Show 3 more
Wildfire risk score
6.1
Walkability (1 to 20)
6.0
Road, rail and air noise
53 dB
Questions people ask
Is Franklin County, IA overvalued?
Home prices in Franklin County, IA are well above what local incomes have historically supported: fair value is about $139,121, so the area is 11.6% overvalued.
Is Franklin County, IA a buyer's or seller's market?
Franklin County, IA is a balanced market, leaning toward sellers: homes take about 57 days to sell, listings are down 3% from a year ago, 14% of listings have had a price cut.
Are home prices going down in Franklin County, IA?
Home values in Franklin County, IA are up 6.2% over the last year.
How much do you need to earn to buy a home in Franklin County, IA?
A household needs about $33,650 a year to afford the typical home in Franklin County, IA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,711.