Franklin Parish, Louisiana home prices
Typical home $122,168 · -1.7% in a year · property tax 0.31%
The typical home in Franklin Parish is worth $122,168, 43% less than the Louisiana typical home ($213,867). Values changed -1.7% in the past year and -4.3% over five years. Homeowners here pay a median 0.31% of their home's value in property tax each year ($379 on the typical home), versus 0.55% statewide.
Mortgage on the typical Franklin Parish home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $24,434 | $97,734 | $657 | $0 | $93 | $750 | $32,200 |
| 10% down | $12,217 | $109,951 | $740 | $46 | $93 | $878 | $37,600 |
| 5% down | $6,108 | $116,059 | $781 | $48 | $93 | $922 | $39,500 |
| 3.5% down (FHA) | $4,276 | $119,955 | $807 | $54 | $93 | $954 | $40,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.31% 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 Louisiana.
Louisiana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jackson Parish | $120,754 | +2.9% | 0.3% |
| Catahoula Parish | $119,514 | +14.8% | 0.32% |
| Saint Mary Parish | $125,473 | +3.5% | 0.39% |
| Concordia Parish | $118,343 | +9.6% | 0.37% |
| Allen Parish | $116,112 | -5.0% | 0.26% |
| Winn Parish | $113,751 | +0.2% | 0.3% |
| Webster Parish | $112,367 | -3.2% | 0.36% |
| Tensas Parish | $132,137 | -12.4% | 0.26% |
| West Carroll Parish | $132,423 | +9.8% | 0.21% |
| Caldwell Parish | $133,154 | +10.6% | 0.44% |
Frequently asked questions
What is the average home price in Franklin Parish, LA?
The typical home value in Franklin Parish is $122,168 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin Parish?
About $32,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin Parish?
The median effective rate is 0.31% of home value a year (Census ACS 2024 5-year estimates).