Franklin County, Alabama home prices
Typical home $175,986 · -1.8% in a year · property tax 0.32%
The typical home in Franklin County is worth $175,986, 26% less than the Alabama typical home ($238,614). Values changed -1.8% in the past year and +19.3% over five years. Homeowners here pay a median 0.32% of their home's value in property tax each year ($560 on the typical home), versus 0.38% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $35,197 | $140,789 | $947 | $0 | $135 | $1,082 | $46,400 |
| 10% down | $17,599 | $158,387 | $1,065 | $66 | $135 | $1,266 | $54,300 |
| 5% down | $8,799 | $167,187 | $1,125 | $70 | $135 | $1,329 | $57,000 |
| 3.5% down (FHA) | $6,160 | $172,799 | $1,162 | $78 | $135 | $1,375 | $58,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.32% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Alabama.
Alabama counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Clay County | $176,684 | +6.1% | 0.21% |
| Coffee County | $177,245 | -2.2% | 0.36% |
| Talladega County | $177,293 | -0.7% | 0.36% |
| Hale County | $178,463 | +5.8% | 0.32% |
| Coosa County | $180,253 | +5.2% | 0.27% |
| Calhoun County | $170,425 | +4.4% | 0.42% |
| Etowah County | $185,226 | +5.8% | 0.39% |
| Geneva County | $165,106 | +2.8% | 0.34% |
| Washington County | $163,494 | +0.8% | 0.23% |
| Montgomery County | $163,380 | +1.8% | 0.41% |
Frequently asked questions
What is the average home price in Franklin County, AL?
The typical home value in Franklin County is $175,986 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $46,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 0.32% of home value a year (Census ACS 2024 5-year estimates).