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Franklin, KY

Full City Profile · Kentucky · Simpson County County

2.9 /5.0
C+ Fair
10,254 Population 680/sq mi density
$55,552 Median Income $24,651 per capita
$170,400 Home Value $243,755 Zillow
$1,034 Median Rent 28.4% income on rent
58°F Avg Temperature 299 sunny days/yr
232 Violent Crime/100K 2,767 property/100K
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$55,552 median income, 3.0% unemployment
A+
Affordability
5.0 / 5.0
$170,400 home value, $1,034/mo rent
F
Safety
1.0 / 5.0
232 violent crimes/100K
C
Education
2.1 / 5.0
13.4% bachelor's degree or higher

Housing Overview

Median Home Value
$170,400
40% below
US avg: $281,900
Median Rent
$1,034/mo
11% below
US avg: $1,163/mo
Homeownership Rate
53.2%
19% below US avg (65.4%)
Total Housing Units
3,973
Median year built: 1977

Home Value by Source

Census Median
$170,400
Zillow (ZHVI)
$243,755
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

53.2%
Owner-Occupied
46.8%
Renter-Occupied
53%
47%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$747/mo
1 Bedroom
$859/mo
2 Bedroom
$1,083/mo
3 Bedroom
$1,410/mo
4 Bedroom
$1,680/mo
Census median rent: $1,034/mo

Affordability & Housing Stock

Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1977
Average age of housing stock: 49 years
Homeownership Rate
53.2%

Complete Housing Data

Home Values

Census Median Value$170,400
Zillow Home Value (ZHVI)$243,755

Rent

Census Median Rent$1,034
FMR Studio$747
FMR 1-Bedroom$859
FMR 2-Bedroom$1,083
FMR 3-Bedroom$1,410
FMR 4-Bedroom$1,680

Market

Ownership & Stock

Owner-Occupied53.2%
Renter-Occupied46.8%
Homeownership Rate53.2%
Total Housing Units3,973
Median Year Built1977
Rent Burden28.4%