Franklin, LA 70538 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Franklin, LA—70538

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$93,000

6.2% YoY Growth

Household Income

$55,700

49.5% YoY Growth

Days on Market

119

6.0% Longer YoY

Home Price Forecast

-2.7%

Median Rent

$950

8.5% YoY Growth

1-Bed Rent

$700

16.7% YoY Growth

2-Bed Rent

$950

0.8% YoY Growth

3-Bed Rent

$1,690

20.7% YoY Growth

Home Price Trends — Franklin, LA

As of Dec '25, the median home price in Franklin, LA is $93,000, with a year-over-year change of -6.2%. This indicates that home prices in Franklin, LA are decreasing. According to Zillow, the 1-year price projection is -2.7%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$93,000	-6.2%
Single Family	$93,000	-7.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Franklin, LA

As of July '25, Rentcast reports the average rent in Franklin, LA is $1,070, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Franklin, LA is 1-bedrooms: $700, 2-bedrooms: $983, 3-bedrooms: $1,690. The most common rental property sizes in Franklin, LA are 2-bedroom and 3-bedroom, accounting for 44.7% and 38.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$950	$1,070
Studio Rent	N/A	N/A
1 Bed Rent	$700	$700
2 Bed Rent	$950	$983
3 Bed Rent	$1,690	$1,690
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

1.5%

1 Bedroom

7.4%

2 Bedrooms

44.7%

3 Bedrooms

38.5%

4 Bedrooms

7.9%

Property Listings — Franklin, LA

As of Dec '25, Realtor.com reports that the median days on market for a home in Franklin, LA is 101. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$126,000	-31.0%
Listing Count	46	17.0%
Listings as % of Homes	0.4%	17.0%
Days on Market	119	6.0%

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Demographics — Franklin, LA

As of the latest ACS Survey released in 2023, Franklin, LA has a population of 12,600, which has decreased by -13.2% over the past 5 years. Franklin, LA is a moderately popular place for families, as children make up 21.3% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	12,600	-13.2%
% Under 18	21.3%	-14.1%
% Seniors	22.4%	23.8%
% WFH	7.0%	180.0%
% w/ College Degree	14.3%	31.2%

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As of the latest ACS Survey released in 2023, Franklin, LA is a predominantly white area, with 47.6% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Franklin, LA is black, making up 41.1% of the population. Foreign-born residents account for 1.3% of the population in Franklin, LA, and this percentage has decreased by 48.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	47.6%	5.8%
% Black	41.1%	-9.1%
% Hispanic	5.2%	15.6%
% Asian	0.5%	-79.2%
% Foreign Born	1.3%	-48.0%

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Mortgage and Risk — Franklin, LA

According to HUD data as of 2023, there were 79 mortgage originations in Franklin, LA, of which 67.0% of loans were conventional mortgages. The average loan-to-value was 84.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Franklin, LA. Investor activity is low, as 15.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	79
% Conventional Loans	67.0%
% Government Loans	33.0%
% Investor Loans	15.0%
% Second Loans	1.0%
% Cash Out Refinance	8.0%

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Rentals and Section 8 — Franklin, LA

Franklin, LA lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	227
Total Units Section 8	227
% Rentals under Section 8	N/A
% Occupied Section 8	82.6%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$50	$700	$750
2 Bedroom	$30	$950	$980
3 Bedroom	-$410	$1,690	$1,280
4 Bedroom	N/A	N/A	$1,580

Franklin, LA—70538

Key Metrics at a Glance

Home Price Trends — Franklin, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, LA

% of Rental Stock

Property Listings — Franklin, LA

Demographics — Franklin, LA

Race and Ethnicity

Mortgage and Risk — Franklin, LA

Mortgages

Rentals and Section 8 — Franklin, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, LA

Home Price to Income Ratio

Franklin, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Baldwin, LA

Bayou Sale

Linwood

Jeanerette, LA

Patterson, LA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$93,000
Median Household Income	$55,700

Franklin, LA—70538

Key Metrics at a Glance

Home Price Trends — Franklin, LA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, LA

% of Rental Stock

Property Listings — Franklin, LA

Demographics — Franklin, LA

Race and Ethnicity

Mortgage and Risk — Franklin, LA

Mortgages

Rentals and Section 8 — Franklin, LA

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, LA

Home Price to Income Ratio

Franklin, LA — ZIP Code Boundary Map

Nearby ZIP Codes

Baldwin, LA

Bayou Sale

Linwood

Jeanerette, LA

Patterson, LA

Frequently Asked Questions

What is the average home price in Franklin, LA 70538?

How have home prices in Franklin, LA 70538 changed over the past year?

What is the home price projection for Franklin, LA 70538?

What are the demographics of Franklin, LA 70538?

How long does it take homes to sell in Franklin, LA 70538?

What is the average rent price in Franklin, LA 70538?