Franklin County, Florida home prices
Typical home $422,234 · -2.5% in a year · property tax 0.63%
The typical home in Franklin County is worth $422,234, 12% more than the Florida typical home ($375,361). Values changed -2.5% in the past year and +6.5% over five years. Homeowners here pay a median 0.63% of their home's value in property tax each year ($2,670 on the typical home), versus 0.8% 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 | $84,447 | $337,787 | $2,272 | $0 | $434 | $2,706 | $116,000 |
| 10% down | $42,223 | $380,011 | $2,556 | $158 | $434 | $3,148 | $134,900 |
| 5% down | $21,112 | $401,122 | $2,698 | $167 | $434 | $3,299 | $141,400 |
| 3.5% down (FHA) | $14,778 | $414,586 | $2,789 | $187 | $434 | $3,409 | $146,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.63% 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 Florida.
Florida counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Broward County | $422,344 | -1.6% | 0.94% |
| Manatee County | $408,269 | -2.5% | 0.78% |
| Gulf County | $403,845 | -1.0% | 0.63% |
| Orange County | $400,964 | -0.8% | 0.76% |
| Seminole County | $400,341 | -0.3% | 0.67% |
| Sarasota County | $399,023 | -1.7% | 0.75% |
| Martin County | $448,233 | +0.7% | 0.77% |
| Sumter County | $387,784 | -0.5% | 0.78% |
| Hillsborough County | $375,501 | -0.9% | 0.81% |
| Saint Lucie County | $370,781 | -0.9% | 0.93% |
Frequently asked questions
What is the average home price in Franklin County, FL?
The typical home value in Franklin County is $422,234 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $116,000 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 0.63% of home value a year (Census ACS 2024 5-year estimates).