Cost of Living in Franklin County, Texas
At a Glance
Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)
How Franklin County Compares
Median monthly rent comparison
Detailed Housing Stats
National Ranking
Affordability Rank
Franklin County ranks #2,188 of 3,144 counties for affordability (bottom 30%)
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.
Cost of Living Advisory: Franklin County
Affordability Verdict
Housing in Franklin County is affordable. The median rent is $948/month against a median household income of $66,800, putting rent at 17.0% of income.
Rent vs. Own
Renters in Franklin County pay $948/month on average, compared to $943/month for homeowners. This market favors buyers by about 1%.
Income Needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,920/year. For owner costs at the 28% rule, the required income is roughly $40,414/year. With a median household income of $66,800, most households can comfortably afford rent here. Notably, 24.0% of renter households in Franklin County are cost-burdened, spending more than 30% of income on housing.
Regional Context
Franklin County sits 6% more expensive than Lamar County ($897/month) in terms of median gross rent.
Affordability Calculator
See how your income compares to housing costs in Franklin County
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
Income Needed Calculator
See how much you need to earn to comfortably afford housing
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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 (2019-2023) — Informational only. Not financial or legal advice.
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