Franklin, MN Real Estate
According to census data in the year 2000 there were 221 housing units in Franklin.
This represents a 2.2% decline from 226 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 221 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 80.8%.
Franklin's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Franklin were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.60% |
| Two Bedrooms | 28.10% |
| Three Bedrooms | 41.20% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 4.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $38,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $288 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.50% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 26.70% |
| Debt Free | 56.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.6% |
