2026 Affordability Data
Most Affordable Neighborhoods in Franklin - 2026 Data
The median home value in Franklin is $166,600, 41% below nat'l avg. Median rent is $817/month. With an affordability index of 146, Franklin is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Franklin, KY area.
Key Takeaways: Affordability in Franklin
- 1The most affordable neighborhood in Franklin is Henderson, with a median home value of $144,200.
- 2Franklin's median home value is $166,600, 41% below nat'l avg (national: $281,900).
- 3Franklin's affordability index is 146 (baseline 100), making it more affordable than the national average.
- 4Median rent in Franklin is $817/month, 30% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Franklin to find the most affordable areas based on home values, rent, and affordability index.
Franklin Affordability Overview
Median Home Value
$166,600
41% below nat'l avg
Median Rent
$817/mo
30% below nat'l avg
Median Income
$54,784
27% below nat'l avg
Affordability Index
146
46% above nat'l avg
Most Affordable Neighborhoods in Franklin (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | HendersonKY | $144,200 |
| 2 | ElizabethtownKY | $207,800 |
| 3 | HopkinsvilleKY | $130,500 |
| 4 | AlexandriaKY | $242,700 |
| 5 | MaysvilleKY | $146,500 |
| 6 | FrankfortKY | $157,300 |
| 7 | ShivelyKY | $133,400 |
| 8 | Louisville/Jefferson County metro government (balance)KY | $204,800 |
| 9 | St. MatthewsKY | $307,400 |
| 10 | SomersetKY | $131,900 |
| 11 | HarrodsburgKY | $154,800 |
| 12 | OwensboroKY | $151,800 |
| 13 | ParisKY | $158,700 |
| 14 | JeffersontownKY | $225,500 |
| 15 | IndependenceKY | $225,500 |
Detailed Neighborhood Profiles
Home Value: $144,200
Rent: $817/mo
Affordability: 146
Population: 28,166
Walk Score: 0/100
Home Value: $207,800
Rent: $817/mo
Affordability: 146
Population: 31,425
Walk Score: 0/100
Home Value: $130,500
Rent: $817/mo
Affordability: 146
Population: 31,042
Walk Score: 0/100
4
Home Value: $242,700
Rent: $817/mo
Affordability: 146
Population: 10,322
Walk Score: 0/100
5
Home Value: $146,500
Rent: $817/mo
Affordability: 146
Population: 8,831
Walk Score: 0/100
6
Home Value: $157,300
Rent: $817/mo
Affordability: 146
Population: 28,460
Walk Score: 0/100
7
Home Value: $133,400
Rent: $817/mo
Affordability: 146
Population: 15,595
Walk Score: 0/100
8
Home Value: $204,800
Rent: $817/mo
Affordability: 146
Population: 629,176
Walk Score: 0/100
9
Home Value: $307,400
Rent: $817/mo
Affordability: 146
Population: 17,511
Walk Score: 0/100
10
Home Value: $131,900
Rent: $817/mo
Affordability: 146
Population: 11,998
Walk Score: 0/100
11
Home Value: $154,800
Rent: $817/mo
Affordability: 146
Population: 9,057
Walk Score: 0/100
12
Home Value: $151,800
Rent: $817/mo
Affordability: 146
Population: 60,019
Walk Score: 0/100
13
Home Value: $158,700
Rent: $817/mo
Affordability: 146
Population: 10,143
Walk Score: 0/100
14
Home Value: $225,500
Rent: $817/mo
Affordability: 146
Population: 28,796
Walk Score: 0/100
15
Home Value: $225,500
Rent: $817/mo
Affordability: 146
Population: 28,722
Walk Score: 0/100
Frequently Asked Questions About Affordability in Franklin
What is the most affordable neighborhood in Franklin, KY?▾
Based on 2026 data, Henderson is the most affordable neighborhood in Franklin with a median home value of $144,200. Kurby analyzed 15 neighborhoods in the Franklin area to compile these rankings.
What is the median home price in Franklin, KY?▾
The median home price in Franklin is $166,600, which is 41% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Franklin affordable compared to the national average?▾
Franklin has an affordability index of 146, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Franklin, KY?▾
The median monthly rent in Franklin is $817. This is 30% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Franklin?▾
The median household income in Franklin is $54,784 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Franklin are below the national average home price?▾
14 out of 15 ranked neighborhoods in Franklin have a median home value below the national average of $281,900. The most affordable is Henderson at $144,200 (Source: Kurby, 2026).