Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$248,6380.0% YoY · prices are flat
Market right nowBalanced marketFewer homes for sale than last year, 29% have cut their price
Income needed to buy, per year$53,900About 0.9× the local median income ($63,103): affordable for a typical household
Days on market60 daysSlower than a year ago: buyers have time to negotiate
The typical home in Franklin County, KY is worth $248,638, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $191,939, so the area is 29.5% overvalued. It is a balanced market: homes take about 60 days to sell, listings are down 2% from a year ago, 29% of listings have had a price cut. A household needs about $53,900 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 $63,103. Typical rent is $989 a month. In the latest IRS figures, 151 more people moved in than out.
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
$248,638
Change in 1 year
0.0%
Overvalued %
+29.5%
Show 6 more
Fair home value
$191,939
Change in 5 years
+31.2%
Home value to income
3.9×
Monthly mortgage payment (20% down)
$1,347
Income needed to afford it
$53,900
Property tax rate
0.79%
Rent and investing
Typical rent
$989
Price-to-rent ratio
21.0×
HUD Fair Market Rent, 2 bedrooms
$1,145
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Gross rental yield
4.77%
Cap rate (estimate)
3.10%
Market activity
Listings vs a year ago
−2.0%
Days on market
60
Listings with a price cut
28.6%
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Homes for sale
146
Pending sales per 100 listings
34
Asking price per sq ft
$167
People and jobs
Median household income
$63,103
Population change (1 year)
+0.5%
Unemployment rate
5.9%
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Population
52,649
Income adjusted for cost of living
$73,978
Net moves in (IRS)
+151
Cost of living (US = 100)
85.3
Schools, risk and environment
School rating (1 to 10)
5.3
FEMA hazard risk score (0 to 100)
64.5
Flood risk score
71.0
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Wildfire risk score
15.0
Walkability (1 to 20)
6.7
Road, rail and air noise
55 dB
Questions people ask
Is Franklin County, KY overvalued?
Home prices in Franklin County, KY are well above what local incomes have historically supported: fair value is about $191,939, so the area is 29.5% overvalued.
Is Franklin County, KY a buyer's or seller's market?
Franklin County, KY is a balanced market: homes take about 60 days to sell, listings are down 2% from a year ago, 29% of listings have had a price cut.
Are home prices going down in Franklin County, KY?
Home values in Franklin County, KY are up 0.0% over the last year.
How much do you need to earn to buy a home in Franklin County, KY?
A household needs about $53,900 a year to afford the typical home in Franklin County, KY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,103.