Franklin County, New York home prices
Typical home $178,454 · +7.6% in a year · property tax 1.68%
The typical home in Franklin County is worth $178,454, 66% less than the New York typical home ($524,942). Values changed +7.6% in the past year and +23.6% over five years. Homeowners here pay a median 1.68% of their home's value in property tax each year ($2,995 on the typical home), versus 1.42% 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 | $35,691 | $142,763 | $960 | $0 | $339 | $1,299 | $55,700 |
| 10% down | $17,845 | $160,608 | $1,080 | $67 | $339 | $1,486 | $63,700 |
| 5% down | $8,923 | $169,531 | $1,140 | $71 | $339 | $1,550 | $66,400 |
| 3.5% down (FHA) | $6,246 | $175,221 | $1,179 | $79 | $339 | $1,596 | $68,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.68% 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 New York · part of the Malone metro area.
New York counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Chautauqua County | $180,657 | +4.8% | 2.27% |
| Steuben County | $172,442 | +4.1% | 2.46% |
| Cattaraugus County | $168,287 | +4.6% | 2.64% |
| Chenango County | $166,867 | +8.2% | 2.26% |
| Chemung County | $166,618 | +6.6% | 2.45% |
| Lewis County | $198,555 | +4.7% | 1.62% |
| Broome County | $201,781 | +6.7% | 2.52% |
| Herkimer County | $204,078 | +6.2% | 2.1% |
| Saint Lawrence County | $149,753 | +6.4% | 2.33% |
| Orleans County | $207,563 | +8.1% | 2.72% |
Frequently asked questions
What is the average home price in Franklin County, NY?
The typical home value in Franklin County is $178,454 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $55,700 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 1.68% of home value a year (Census ACS 2024 5-year estimates).