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Franklin, AR

Full City Profile · Arkansas · Izard County County

2.7 /5.0
C+ Fair
242 Population 114/sq mi density
$54,500 Median Income $34,551 per capita
$78,800 Home Value $160,064 Zillow
57°F Avg Temperature 299 sunny days/yr
93 Violent Crime/100K 2,239 property/100K
C+
Overall
2.7 / 5.0
Fair overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$54,500 median income, 4.0% unemployment
A+
Affordability
5.0 / 5.0
$78,800 home value, /mo rent
F
Safety
1.0 / 5.0
93 violent crimes/100K
D
Education
1.9 / 5.0
11.8% bachelor's degree or higher

Housing Overview

Median Home Value
$78,800
72% below
US avg: $281,900
Homeownership Rate
97.9%
50% above US avg (65.4%)
Total Housing Units
94
Median year built: 1971

Home Value by Source

Census Median
$78,800
Zillow (ZHVI)
$160,064
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

97.9%
Owner-Occupied
2.1%
Renter-Occupied
98%
2%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$666/mo
1 Bedroom
$671/mo
2 Bedroom
$880/mo
3 Bedroom
$1,094/mo
4 Bedroom
$1,476/mo

Affordability & Housing Stock

Rent Burden
26.8%
of renters spending 30%+ of income on housing
14% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
97.9%

Complete Housing Data

Home Values

Census Median Value$78,800
Zillow Home Value (ZHVI)$160,064

Rent

FMR Studio$666
FMR 1-Bedroom$671
FMR 2-Bedroom$880
FMR 3-Bedroom$1,094
FMR 4-Bedroom$1,476

Market

Ownership & Stock

Owner-Occupied97.9%
Renter-Occupied2.1%
Homeownership Rate97.9%
Total Housing Units94
Median Year Built1971
Rent Burden26.8%