Franklin County, Nebraska home prices
Typical home $151,515 · +5.8% in a year · property tax 1.28%
The typical home in Franklin County is worth $151,515, 46% less than the Nebraska typical home ($278,299). Values changed +5.8% in the past year and +36.5% over five years. Homeowners here pay a median 1.28% of their home's value in property tax each year ($1,935 on the typical home), versus 1.31% 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 | $30,303 | $121,212 | $815 | $0 | $237 | $1,052 | $45,100 |
| 10% down | $15,151 | $136,363 | $917 | $57 | $237 | $1,211 | $51,900 |
| 5% down | $7,576 | $143,939 | $968 | $60 | $237 | $1,265 | $54,200 |
| 3.5% down (FHA) | $5,303 | $148,770 | $1,001 | $67 | $237 | $1,305 | $55,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.28% 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 Nebraska.
Nebraska counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Morrill County | $151,995 | +0.1% | 1.42% |
| Brown County | $153,472 | +4.1% | 1.1% |
| Thayer County | $148,778 | +3.6% | 1.03% |
| Dundy County | $154,651 | -9.8% | 0.8% |
| Hitchcock County | $146,947 | +5.1% | 1.17% |
| Nance County | $159,244 | -1.0% | 1.1% |
| Sheridan County | $143,575 | +1.4% | 1.37% |
| Pawnee County | $160,023 | -0.3% | 1.52% |
| Hooker County | $140,717 | +15.5% | 1.04% |
| Jefferson County | $138,265 | -1.4% | 1.46% |
Frequently asked questions
What is the average home price in Franklin County, NE?
The typical home value in Franklin County is $151,515 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $45,100 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 1.28% of home value a year (Census ACS 2024 5-year estimates).