Franklin, LA Real Estate
According to census data in the year 2000 there were 3,398 housing units in Franklin.
This represents a 1% growth from 3,365 in 1990.
Of those housing units, 3,347 were located in either urbanized areas or urban clusters, and 51 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 66.7%.
Franklin's vacancy rate, including seasonal lodging, is about 9.7%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Franklin were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 10.60% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $63,500 |
| Median Price asked for vacant units | $45,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 0.90% |
| Simple Mortgage | 38.10% |
| Debt Free | 56.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
