Franklin, NC Real Estate
According to census data in the year 2000 there were 1,843 housing units in Franklin.
This represents a 9.6% growth from 1,682 in 1990.
Of those housing units, 1,796 were located in either urbanized areas or urban clusters, and 47 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 58.1%.
Franklin's vacancy rate, including seasonal lodging, is about 16.1%.
Average household size is 2.13 people.
The majority of houses, apartments or condos in Franklin were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 7.10% |
| Two Bedrooms | 49.50% |
| Three Bedrooms | 30.30% |
| Four Bedrooms | 8.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $88,200 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $341 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 42.50% |
| Debt Free | 47.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
