Cost of Living in Franklin County, Arkansas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
These figures are county medians, not a personal budget. Use them to frame rent, ownership, and income tradeoffs, then account for household size, commute, financing, insurance, taxes, debt, and local availability before making a decision.
How Franklin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Franklin County ranks #438 of 3,142 counties for affordability (top 14%)
Sourced county brief
Franklin County Official Median GRAPI Snapshot at 25.9 Percent
The official B25071 median gross rent as a percentage of household income (GRAPI) in Franklin County was 25.9%. This percentage is 2.5 percentage points below the Arkansas unweighted county mean GRAPI of 28.4%. The median gross rent in the county was recorded at $719, compared to the state unweighted county mean of $774. For homeowners, the median home value was $130,800, which is below the unweighted state mean of $141,465. Median selected monthly owner costs for all owner-occupied units were $641, which is also below the state unweighted mean of $663. The median renter-household income for the period was $27,358. These figures offer a statistical snapshot of the 2020-2024 period and characterize the local housing financial landscape across different household tenures. See ACS table B25071 for the underlying estimate.
Source record
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25064 Median Gross Rent
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25071 GRAPI
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25077 Median Home Value
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25088 Selected Monthly Owner Costs
- U.S. Census Bureau ACS 2020-2024 5-Year Estimates — B25119 Household Income by Tenure
Data version acs5-2020-2024 · Method cost-brief-v1
Cost of Living Advisory: Franklin County
Affordability Verdict
ACS B25071 estimates median gross rent at 25.9% of renter household income in Franklin County, which is below the 30% affordability benchmark. This is a median percentage among renter-occupied units, not the share of households above a threshold.
Rent vs. Own
Median gross rent is $719 per month; median selected monthly owner costs are $641. These ACS medians describe different tenure groups and are not a personalized rent-versus-buy calculation.
Income Needed
Using the common 30% budgeting benchmark, $28,760 in annual gross income would allocate 30% to the county's median gross rent. This is a reproducible illustration, not evidence that a particular household can afford housing.
Regional Context
The Arkansas unweighted mean of county median rents is $774 per month. Franklin County's $719 median is 7.1% below that comparison value.
Data version acs5-2020-2024 · Method cost-advisory-v2
Affordability Calculator
See how your income compares to housing costs in Franklin County
Rent Burden
15.4%
of gross income
Max Housing (28% Rule)
$1,304
per month
Owner Cost Burden
13.8%
of gross income
You can likely afford the median home in Franklin County
Median home value is $130,800. Estimated monthly cost: $1,044 vs. your max of $1,304.
Rent Affordability Guide
Income Needed Calculator
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Based on the 30% rule for rent and 28% rule for housing costs (mortgage + owner costs). Mortgage estimate assumes 20% down, 7.2% interest, 30-year fixed.
Frequently Asked Questions
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See Today's RatesData: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2020-2024). Data is informational only and is not personalized financial advice.
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