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Franklin, MN Housing

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As of 2010-2014, median price of a house in Franklin is $60,500, which is much lower than the state average of $185,200 and is much lower than the national average of $175,700. The Franklin median house value has grown by 55.93% since 2000. The growth rate for the price of a house in Franklin is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Franklin was built is 1953, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 175 Owner Occupied Houses in Franklin, MN, #756

Franklin, MN	60,500 USD
Minnesota	185,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #421

Franklin, MN	55.93%
Minnesota	51.31%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Franklin, MN	Minnesota	U.S.
Total Housing Units	274, see rank, 100%	2,364,149	132,741,033
Occupied Housing Units	251, 91.61%, see rank	89.48%	87.55%
Owner Occupied	175, 63.87%, see rank	64.51%	56.34%
Renter Occupied	76, 27.74%, see rank	24.96%	31.21%
Vacant Housing Units	23, 8.39%, see rank	10.52%	12.45%
For Rent	0, 0.00%, see rank	1.22%	2.34%
For Sale Only	6, 2.19%, see rank	0.96%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	0.68%	0.92%
For Seasonal, Recreational, or Occasional Use	3, 1.09%, see rank	5.29%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.01%	0.03%
Other Vacant	14, 5.11%, see rank	2.36%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #697

Franklin, MN	Minnesota	U.S.
1953	1975	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Franklin, MN	%	Minnesota	U.S.
Owner-Occupied Units	175	100%	1,525,201	74,787,460
With a Mortgage	84	48.00%, see rank	68.78%	65.58%
Without a Mortgage	91	52.00%, see rank	31.22%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Franklin, MN	950 USD
Minnesota	1,526 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, MN	%	Minnesota	U.S.
$299 or Less	0	0.00%, see rank	0.18%	0.20%
$300 to $499	0	0.00%, see rank	1.30%	1.59%
$500 to $699	7	8.33%, see rank	4.08%	5.01%
$700 to $999	44	52.38%, see rank	12.50%	14.32%
$1,000 to $1,499	32	38.10%, see rank	30.43%	27.90%
$1,500 to $1,999	1	1.19%, see rank	25.36%	20.35%
$2,000 to $2,999	0	0.00%, see rank	19.32%	19.52%
$3,000 or More	0	0.00%, see rank	6.84%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, MN	18.60% of the Total Income
Minnesota	22.50% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, MN	%	Minnesota	U.S.
10% or Less	11	13.10%, see rank	6.13%	5.86%
10% to 20%	36	42.86%, see rank	35.03%	31.95%
20% to 30%	12	14.29%, see rank	30.01%	27.64%
30% to 40%	7	8.33%, see rank	12.88%	13.74%
40% or More	18	21.43%, see rank	15.67%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Franklin, MN	381 USD
Minnesota	475 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, MN	%	Minnesota	U.S.
$199 or Less	0	0.00%, see rank	4.45%	7.76%
$200 to $299	21	23.08%, see rank	10.96%	14.70%
$300 to $499	45	49.45%, see rank	39.99%	34.63%
$500 to $699	17	18.68%, see rank	27.38%	21.16%
$700 or More	8	8.79%, see rank	17.23%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, MN	15.80% of the Total Income
Minnesota	11.50% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, MN	%	Minnesota	U.S.
10% or Less	35	38.46%, see rank	43.57%	40.19%
10% to 20%	28	30.77%, see rank	31.28%	31.47%
20% to 30%	9	9.89%, see rank	11.58%	12.24%
30% to 40%	11	12.09%, see rank	5.05%	5.64%
40% or More	8	8.79%, see rank	7.69%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Franklin, MN	Minnesota	U.S.
Total Housing Units	274, 100%	2,364,149	132,741,033
1-unit, Detached	209, 76.28%, see rank	67.25%	61.65%
1-unit, Attached	0, 0.00%, see rank	7.45%	5.82%
2 Units	0, 0.00%, see rank	2.34%	3.75%
3 or 4 Units	0, 0.00%, see rank	2.08%	4.43%
5 to 9 Units	23, 8.39%, see rank	2.23%	4.78%
10 or More Units	26, 9.49%, see rank	15.14%	13.08%
Mobile Home, Boat, RV, Van, etc.	16, 5.84%, see rank	3.52%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Franklin, MN	Minnesota	U.S.
Total Housing Units	274, 100%	2,364,149	132,741,033
1 Room	7, 2.55%, see rank	1.54%	1.95%
2 Rooms	0, 0.00%, see rank	2.83%	2.48%
3 Rooms	14, 5.11%, see rank	9.20%	9.13%
4 Rooms	55, 20.07%, see rank	14.05%	16.60%
5 Rooms	53, 19.34%, see rank	15.52%	20.41%
6 Rooms	42, 15.33%, see rank	14.98%	18.06%
7 Rooms	52, 18.98%, see rank	12.86%	12.27%
8 Rooms	17, 6.20%, see rank	11.01%	8.48%
9 Rooms or More	34, 12.41%, see rank	18.01%	10.60%
Median Rooms	5.70, see rank	6.00	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Franklin, MN	Minnesota	U.S.
Total Housing Units	274, 100%	2,364,149	132,741,033
No Bedroom	7, 2.55%, see rank	1.76%	2.17%
1 Bedroom	32, 11.68%, see rank	11.71%	11.16%
2 Bedrooms	62, 22.63%, see rank	26.64%	26.69%
3 Bedrooms	109, 39.78%, see rank	34.15%	39.70%
4 Bedrooms	55, 20.07%, see rank	19.81%	16.05%
5 or More Bedrooms	9, 3.28%, see rank	5.94%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Franklin, MN	Minnesota	U.S.
Total Housing Units	251, 100%	2,115,337	116,211,092
Utility Gas	7, 2.79%, see rank	66.78%	48.85%
Bottled, Tank, or LP Gas	147, 58.57%, see rank	10.05%	4.86%
Electricity	41, 16.33%, see rank	16.13%	36.68%
Fuel Oil, Kerosene, etc.	44, 17.53%, see rank	2.62%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	10, 3.98%, see rank	2.55%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	0, 0.00%, see rank	1.17%	0.47%
No Fuel Used	2, 0.80%, see rank	0.65%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Franklin, MN	Minnesota	U.S.
Occupied Units Paying Rent	76, 100%	562,198	39,201,928
$199 or Less	4, 5.26%, see rank	2.46%	1.50%
$200 to $299	6, 7.89%, see rank	4.66%	3.18%
$300 to $499	41, 53.95%, see rank	9.32%	7.37%
$500 to $699	8, 10.53%, see rank	17.06%	16.01%
$700 to $999	4, 5.26%, see rank	33.30%	29.17%
$1,000 to $1,499	11, 14.47%, see rank	23.49%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	7.02%	9.79%
$2,000 or More	2, 2.63%, see rank	2.69%	6.10%
Median	$462, see rank	$835	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Franklin, MN	Minnesota	U.S.
Occupied Housing Units	251, 100%	2,115,337	116,211,092
No Vehicles Available	18, 7.17%, see rank	7.25%	9.12%
1 Vehicles Available	95, 37.85%, see rank	30.11%	33.80%
2 Vehicles Available	93, 37.05%, see rank	40.67%	37.48%
3 or More Vehicles Available	45, 17.93%, see rank	21.97%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.