Cost of Living in Franklin County, Texas

$948/mo

Median Monthly Rent

$213,200

Median Home Value

2% below state averageUnaffordable

At a Glance

Median Monthly Rent

$948/mo

2% below state average

Median Home Value

$213,200

24% below national

Rent-to-Income Ratio

24.0%

% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating

Unaffordable

Rent over 50% of income

How Franklin County Compares

Median monthly rent comparison

Franklin County$948/mo

Texas Average$963/mo

National Median$1,163/mo

Detailed Housing Stats

$948/mo

Median Gross Rent

$213,200

Median Home Value

$943/mo

Monthly Owner Cost

24.0%

Rent-to-Income Ratio

Data Story

About Cost of Living in Franklin County, Texas

Franklin County near national housing norms

Franklin County's rent-to-income ratio of 17.0% sits marginally above the national average, with renters dedicating roughly one-sixth of their income to housing costs. The $948 median rent runs 27% below Texas's state average of $963, offering moderate relief in a tightening rental market.

Slightly below Texas affordability average

Franklin County's 17.0% rent-to-income ratio edges below Texas's state average of 18.1%, placing it in the better-than-average tier for Texas housing affordability. This modest advantage combines moderate rents with reasonable household incomes of $66,800.

Mid-range costs among rural counties

Franklin County's $948 median rent sits between Fayette County ($909) and Fannin County ($994), pricing it as a moderate option among comparables. Home values of $213,200 fall between Fannin County ($213,500) and Fayette County ($271,100), marking Franklin as a balanced community.

Balanced housing costs and incomes

Franklin County renters pay $948 monthly from a median household income of $66,800, consuming 17.0% of earnings, while homeowners spend $943 on homes valued at $213,200. This alignment between rent, ownership costs, and income creates relatively stable housing economics.

Franklin County for stability and value

If you earn near $67,000 and seek balance between rural charm and accessible housing, Franklin County's 17.0% rent-to-income ratio benchmarks favorably against the Texas state average. Compare your current housing burden to Franklin's 17.0% to gauge whether this Northeast Texas county offers meaningful financial improvement.

Affordability Calculator

See how your income compares to housing costs in Franklin County

Your Annual Household Income

Rent Burden

17.0%

of gross income

Max Housing (28% Rule)

$1,559

per month

Owner Cost Burden

16.9%

of gross income

The median home in Franklin County may be a stretch

Median home value is $213,200. Estimated monthly cost: $1,702 vs. your max of $1,559.

Rent Affordability Guide

Your rent-to-income ratio17.0%

Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Franklin County, Texas?

Franklin County, Texas has a median monthly rent of $948/mo and a median home value of $213,200. The affordability rating is Unaffordable, with rent making up approximately 24.0% of median household income.

What is the median rent in Franklin County?

The median gross rent in Franklin County is $948/mo. This is 2% below state average for Texas.

Is Franklin County affordable?

Franklin County is rated Unaffordable based on rent-to-income ratio of 24.0%. Spending over 50% of income on rent is generally considered unaffordable.

How does Franklin County's rent compare to the state average?

Franklin County's median rent of $948/mo is 2% below state average of $963/mo for Texas.

What is the median home value in Franklin County?

The median home value in Franklin County, Texas is $213,200. This is 24% below the national median home value of $281,900.