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Franklin, IA
Full City Profile · Iowa · Lee County County
3.0
/5.0
B
Good
135
Population
844/sq mi density
$47,500
Median Income
$29,652 per capita
$116,500
Home Value
$136,155 Zillow
52°F
Avg Temperature
275 sunny days/yr
516
Violent Crime/100K
1,947 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$47,500 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$116,500 home value, /mo rent
F
Safety
1.0 / 5.0
516 violent crimes/100K (36% above avg)
C
Education
2.3 / 5.0
16.1% bachelor's degree or higher
Housing Overview
Median Home Value
$116,500
59% below
US avg: $281,900
Homeownership Rate
91.9%
41% above US avg (65.4%)
Total Housing Units
60
Median year built: 1957
Home Value by Source
Census Median
$116,500
Zillow (ZHVI)
$136,155
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.9%
Owner-Occupied
8.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$682/mo
1 Bedroom
$700/mo
2 Bedroom
$919/mo
3 Bedroom
$1,168/mo
4 Bedroom
$1,542/mo
Affordability & Housing Stock
Rent Burden
27.8%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1957
Average age of housing stock: 69 years
Homeownership Rate
91.9%
Complete Housing Data
Home Values
| Census Median Value | $116,500 |
| Zillow Home Value (ZHVI) | $136,155 |
Rent
| FMR Studio | $682 |
| FMR 1-Bedroom | $700 |
| FMR 2-Bedroom | $919 |
| FMR 3-Bedroom | $1,168 |
| FMR 4-Bedroom | $1,542 |
Market
Ownership & Stock
| Owner-Occupied | 91.9% |
| Renter-Occupied | 8.1% |
| Homeownership Rate | 91.9% |
| Total Housing Units | 60 |
| Median Year Built | 1957 |
| Rent Burden | 27.8% |