Franklin, MN—55333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin, MN
Franklin, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $158,000 | -4.4% |
| Single Family | $158,000 | -3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Franklin, MN
Franklin, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklin, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin, MN is 44. This is a decrease of -78.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $874,000 | 196.0% |
Listing Count | 2 | 40.0% |
| Listings as % of Homes | 0.3% | 40.0% |
Days on Market | 44 | -78.0% |
Demographics — Franklin, MN
As of the latest ACS Survey released in 2023, Franklin, MN has a population of 697, which has decreased by -15.5% over the past 5 years. Franklin, MN is a moderately popular place for families, as children make up 20.7% of the population. The area has a poorly educated workforce, with 12.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 697 | -15.5% |
% Under 18 | 20.7% | -14.5% |
% Seniors | 23.0% | 25.0% |
% WFH | 10.3% | -7.2% |
% w/ College Degree | 12.9% | 35.8% |
As of the latest ACS Survey released in 2023, Franklin, MN is a predominantly white area, with 85.2% of the population identifying as white. The white population has grown by 2.0% in the last 5 years. The second most common race or ethnicity in Franklin, MN is hispanic, making up 4.6% of the population. Foreign-born residents account for 4.9% of the population in Franklin, MN, and this percentage has increased by 345.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.2% | 2.0% |
% Black | 1.1% | -26.7% |
% Hispanic | 4.6% | 53.3% |
% Asian | 4.3% | 4,200.0% |
% Foreign Born | 4.9% | 345.5% |
Mortgage and Risk — Franklin, MN
Franklin, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Franklin, MN
Franklin, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 23 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $760 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,310 |
| 4 Bedroom | N/A | N/A | $1,540 |
Affordability — Franklin, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $158,000 |
| Median Household Income | $62,200 |