Franklin, TX—77856
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin, TX
As of Oct '25, the median home price in Franklin, TX is $363,000, with a year-over-year change of 4.3%. This indicates that home prices in Franklin, TX are increasing. According to Zillow, the 1-year price projection is -0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $363,000 | 4.3% |
| Single Family | $364,000 | 4.0% |
| 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, TX
As of July '25, Rentcast reports the average rent in Franklin, TX is $1,950, with a year-over-year rent change of -35.0%. Per bedroom, the median rent as of July '25 in Franklin, TX is 3-bedrooms: $1,950. The most common rental property sizes in Franklin, TX are 3-bedroom and 2-bedroom, accounting for 41.4% and 40.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,950 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,300 | $1,950 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklin, TX
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin, TX is 128. This is a increase of 31.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $630,000 | 40.0% |
Listing Count | 62 | 45.0% |
| Listings as % of Homes | 0.7% | 45.0% |
Days on Market | 128 | 31.0% |
Demographics — Franklin, TX
As of the latest ACS Survey released in 2023, Franklin, TX has a population of 4,830, which has decreased by -9.6% over the past 5 years. Franklin, TX is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 23.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,830 | -9.6% |
% Under 18 | 28.6% | 20.2% |
% Seniors | 19.1% | -20.7% |
% WFH | 4.5% | 150.0% |
% w/ College Degree | 23.3% | 5.4% |
As of the latest ACS Survey released in 2023, Franklin, TX is a predominantly white area, with 68.5% of the population identifying as white. The white population has shrunk by 14.2% in the last 5 years. The second most common race or ethnicity in Franklin, TX is hispanic, making up 20.7% of the population. Foreign-born residents account for 4.6% of the population in Franklin, TX, and this percentage has increased by 155.6% 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 | 68.5% | -14.2% |
% Black | 7.6% | -7.3% |
% Hispanic | 20.7% | 135.2% |
% Asian | 0.3% | -57.1% |
% Foreign Born | 4.6% | 155.6% |
Mortgage and Risk — Franklin, TX
According to HUD data as of 2023, there were 72 mortgage originations in Franklin, TX, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 73.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Franklin, TX. Investor activity is low, as 0.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 0.0% |
% Second Loans | 10.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Franklin, TX
Franklin, TX lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $980 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | $210 | $1,300 | $1,510 |
| 4 Bedroom | N/A | N/A | $1,670 |
Affordability — Franklin, TX
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $363,000 |
| Median Household Income | $90,900 |