Franklin County, North Carolina home prices
Typical home $355,924 · -0.3% in a year · property tax 0.65%
The typical home in Franklin County is worth $355,924, 7% more than the North Carolina typical home ($332,159). Values changed -0.3% in the past year and +22.7% over five years. Homeowners here pay a median 0.65% of their home's value in property tax each year ($2,296 on the typical home), versus 0.64% 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 | $71,185 | $284,739 | $1,915 | $0 | $369 | $2,285 | $97,900 |
| 10% down | $35,592 | $320,331 | $2,155 | $133 | $369 | $2,658 | $113,900 |
| 5% down | $17,796 | $338,128 | $2,275 | $141 | $369 | $2,785 | $119,300 |
| 3.5% down (FHA) | $12,457 | $349,477 | $2,351 | $157 | $369 | $2,878 | $123,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.65% 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 North Carolina · part of the Raleigh metro area.
North Carolina counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Macon County | $359,927 | +1.9% | 0.43% |
| Ashe County | $351,357 | +3.6% | 0.49% |
| Johnston County | $339,986 | -0.6% | 0.62% |
| Haywood County | $338,535 | -3.0% | 0.57% |
| Clay County | $338,459 | -0.6% | 0.43% |
| Cabarrus County | $380,437 | -0.3% | 0.73% |
| Iredell County | $383,806 | +0.4% | 0.61% |
| Avery County | $384,253 | -1.1% | 0.38% |
| Durham County | $384,848 | -3.7% | 0.79% |
| Davie County | $325,287 | +3.2% | 0.63% |
Frequently asked questions
What is the average home price in Franklin County, NC?
The typical home value in Franklin County is $355,924 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $97,900 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 0.65% of home value a year (Census ACS 2024 5-year estimates).