Franklin County, Kentucky home prices
Typical home $248,638 · +0.0% in a year · property tax 0.79%
The typical home in Franklin County is worth $248,638, 8% more than the Kentucky typical home ($230,909). Values changed +0.0% in the past year and +31.2% over five years. Homeowners here pay a median 0.79% of their home's value in property tax each year ($1,970 on the typical home), versus 0.72% 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 | $49,728 | $198,911 | $1,338 | $0 | $288 | $1,627 | $69,700 |
| 10% down | $24,864 | $223,775 | $1,505 | $93 | $288 | $1,887 | $80,900 |
| 5% down | $12,432 | $236,206 | $1,589 | $98 | $288 | $1,976 | $84,700 |
| 3.5% down (FHA) | $8,702 | $244,135 | $1,642 | $110 | $288 | $2,041 | $87,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% 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 Kentucky · part of the Frankfort metro area.
Kentucky counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Henry County | $250,928 | +2.4% | 0.81% |
| Simpson County | $253,079 | +0.6% | 0.6% |
| Trimble County | $244,183 | +0.8% | 0.66% |
| Clark County | $253,267 | +4.8% | 0.71% |
| Harrison County | $243,748 | +0.7% | 0.66% |
| Washington County | $253,862 | +2.5% | 0.66% |
| Hardin County | $243,023 | -3.1% | 0.66% |
| Mercer County | $241,303 | -0.5% | 0.83% |
| Boyle County | $240,277 | +0.8% | 0.82% |
| Garrard County | $259,741 | +2.4% | 0.69% |
Frequently asked questions
What is the average home price in Franklin County, KY?
The typical home value in Franklin County is $248,638 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $69,700 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 0.79% of home value a year (Census ACS 2024 5-year estimates).