Franklin, KY Real Estate
According to census data in the year 2000 there were 3,601 housing units in Franklin.
This represents a 10.6% growth from 3,257 in 1990.
Of those housing units, 3,495 were located in either urbanized areas or urban clusters, and 106 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 65.4%.
Franklin's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Franklin were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 8.60% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 45.40% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $76,300 |
| Median Price asked for vacant units | $72,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $368 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 6% |
| Simple Mortgage | 40.80% |
| Debt Free | 47% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
