Franklin, MN
Full City Profile · Minnesota · Renville County County
3.6
/5.0
B+
Good
513
Population
508/sq mi density
$54,904
Median Income
$29,850 per capita
$84,800
Home Value
$167,820 Zillow
$883
Median Rent
39.1% income on rent
45°F
Avg Temperature
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$54,904 median income, 1.9% unemployment
A+
Affordability
5.0 / 5.0
$84,800 home value, $883/mo rent
C
Education
2.0 / 5.0
12.5% bachelor's degree or higher
Housing Overview
Median Home Value
$84,800
70% below
US avg: $281,900
Median Rent
$883/mo
24% below
US avg: $1,163/mo
Homeownership Rate
83.9%
28% above US avg (65.4%)
Total Housing Units
205
Median year built: 1963
Home Value by Source
Census Median
$84,800
Zillow (ZHVI)
$167,820
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
83.9%
Owner-Occupied
16.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$883/mo
Affordability & Housing Stock
Rent Burden
39.1%
of renters spending 30%+ of income on housing
26% above US avg (31.0%)
Median Year Built
1963
Average age of housing stock: 63 years
Homeownership Rate
83.9%
Complete Housing Data
Home Values
| Census Median Value | $84,800 |
| Zillow Home Value (ZHVI) | $167,820 |
Rent
| Census Median Rent | $883 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 83.9% |
| Renter-Occupied | 16.1% |
| Homeownership Rate | 83.9% |
| Total Housing Units | 205 |
| Median Year Built | 1963 |
| Rent Burden | 39.1% |