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Franklin, NY

Full City Profile · New York · Otsego County County

3.4 /5.0
B Good
413 Population 1,215/sq mi density
$80,000 Median Income $51,118 per capita
$187,100 Home Value $179,512 Zillow
$785 Median Rent 26.0% income on rent
46°F Avg Temperature 246 sunny days/yr
186 Violent Crime/100K 1,776 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$80,000 median income, 6.1% unemployment
A+
Affordability
5.0 / 5.0
$187,100 home value, $785/mo rent
F
Safety
1.0 / 5.0
186 violent crimes/100K
B+
Education
3.9 / 5.0
36.8% bachelor's degree or higher

Housing Overview

Median Home Value
$187,100
34% below
US avg: $281,900
Median Rent
$785/mo
33% below
US avg: $1,163/mo
Homeownership Rate
62.0%
5% below US avg (65.4%)
Total Housing Units
213
Median year built: 1938

Home Value by Source

Census Median
$187,100
Zillow (ZHVI)
$179,512
Median Sale Price
$475,000
Median List Price
$279,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

62.0%
Owner-Occupied
38.0%
Renter-Occupied
62%
38%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$720/mo
1 Bedroom
$862/mo
2 Bedroom
$1,044/mo
3 Bedroom
$1,299/mo
4 Bedroom
$1,489/mo
Census median rent: $785/mo

Market Indicators (Redfin)

Median Days on Market
111 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
5
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$290
Active Inventory
4
homes for sale

Affordability & Housing Stock

Rent Burden
26.0%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
62.0%

Complete Housing Data

Home Values

Census Median Value$187,100
Zillow Home Value (ZHVI)$179,512
Median Sale Price$475,000
Median List Price$279,000
Price Per Sq Ft$290

Rent

Census Median Rent$785
FMR Studio$720
FMR 1-Bedroom$862
FMR 2-Bedroom$1,044
FMR 3-Bedroom$1,299
FMR 4-Bedroom$1,489

Market

Days on Market111
Sale-to-List Ratio0.9%
Price Drops0.0%
Homes Sold5
Active Inventory4
Price Per Sq Ft$290

Ownership & Stock

Owner-Occupied62.0%
Renter-Occupied38.0%
Homeownership Rate62.0%
Total Housing Units213
Median Year Built1938
Rent Burden26.0%