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
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-Occupied | 53.2% |
| Renter-Occupied | 46.8% |
| Homeownership Rate | 53.2% |
| Total Housing Units | 3,973 |
| Median Year Built | 1977 |
| Rent Burden | 28.4% |
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