Franklin
Franklin city, Kentucky
Franklin, Kentucky, offers a refreshing contrast to the hustle and high prices of many American towns. With a population just over 10,000, this close-knit community boasts a median home value of a mere $166,600, making it an incredibly attractive option for those seeking affordability. This is significantly lower than the national median, offering a chance to stretch your dollar further. The pace of life here is slower, friendlier, and focused on community. You’ll find a welcoming atmosphere and a lifestyle that prioritizes connection over competition, perfect for those seeking a change of pace.
From an investment perspective, Franklin presents a compelling case. While the median household income is around $54,784, the low cost of living allows for a comfortable lifestyle. The housing market is stable and accessible, making it an ideal choice for first-time homebuyers or those looking to downsize without sacrificing quality of life. Franklin is particularly well-suited for families, retirees, or anyone seeking a safe, affordable, and friendly environment. It's a place where you can build a home and a life, without breaking the bank.
Franklin, Kentucky at a Glance
Franklin is a city in Franklin city, Kentucky with a population of approximately 10,141. The median home value is $166,600 and the median household income is $54,784. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.5 per 1,000 residents, which is 58% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Low." Median rent is $817 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$166,600
Median Income
$54,784
Population
10,141
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Low
Good
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- Population
- 10,141
- Median Age
- N/A
- Median Household Income
- $54,784
27% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 16.8%
35% above nat'l avg
- Median Home Value
- $166,600
41% below nat'l avg
- Median Rent
- $817
30% below nat'l avg
- Homeownership Rate
- 86.0%
31% above nat'l avg
- Affordability Index
- 146
46% above nat'l avg
- Violent Crime Rate
- 1.5 per 1K
58% below nat'l avg
- Property Crime Rate
- 8.1 per 1K
57% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Low
- Risk Score
- 50.22
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 12.1¢/kWh
27% below nat'l avg
- Est. Monthly Electric
- $109
20% below nat'l avg
- Unemployment Rate
- 5.2%
41% above nat'l avg
- Poverty Rate
- 16.8%
35% above nat'l avg
Political Landscape
→ Politically stable
Based on Garrard County county-level presidential election data
Culture & Things to Do in Franklin
Franklin-Simpson County Fair
Annual county fair featuring rides, exhibits, and entertainment.
Christmas on the Square
A festive holiday celebration with lights, music, and activities.
Franklin Fall Festival
A fall celebration with crafts, food vendors, and live music.
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