2026 Affordability Data
Most Affordable Neighborhoods in Franklin - 2026 Data
The median home value in Franklin is $95,600, 66% below nat'l avg. Median rent is $832/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Franklin, LA area.
Key Takeaways: Affordability in Franklin
- 1The most affordable neighborhood in Franklin is Central, with a median home value of $265,600.
- 2Franklin's median home value is $95,600, 66% below nat'l avg (national: $281,900).
- 3Median rent in Franklin is $832/month, 28% below nat'l avg (national: $1,163/month).
- 4We analyzed 15 neighborhoods in Franklin to find the most affordable areas based on home values, rent, and affordability index.
Franklin Affordability Overview
Median Home Value
$95,600
66% below nat'l avg
Median Rent
$832/mo
28% below nat'l avg
Median Income
$39,068
48% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Franklin (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | CentralLA | $265,600 |
| 2 | New IberiaLA | $150,600 |
| 3 | MindenLA | $119,500 |
| 4 | CovingtonLA | $283,600 |
| 5 | BogalusaLA | $106,500 |
| 6 | BastropLA | $85,600 |
| 7 | KennerLA | $229,000 |
| 8 | LafayetteLA | $234,900 |
| 9 | BakerLA | $138,800 |
| 10 | ShreveportLA | $168,900 |
| 11 | AbbevilleLA | $98,700 |
| 12 | Morgan CityLA | $147,700 |
| 13 | Bossier CityLA | $187,000 |
| 14 | JenningsLA | $129,500 |
| 15 | RustonLA | $208,000 |
Detailed Neighborhood Profiles
Home Value: $265,600
Rent: $664/mo
Affordability: 207
Population: 29,518
Home Value: $150,600
Rent: $664/mo
Affordability: 207
Population: 28,363
Home Value: $119,500
Rent: $664/mo
Affordability: 207
Population: 11,789
4
Home Value: $283,600
Rent: $664/mo
Affordability: 207
Population: 11,444
5
Home Value: $106,500
Rent: $664/mo
Affordability: 207
Population: 10,689
6
Home Value: $85,600
Rent: $664/mo
Affordability: 207
Population: 9,623
7
Home Value: $229,000
Rent: $664/mo
Affordability: 207
Population: 65,785
8
Home Value: $234,900
Rent: $664/mo
Affordability: 207
Population: 121,706
9
Home Value: $138,800
Rent: $664/mo
Affordability: 207
Population: 12,463
10
Home Value: $168,900
Rent: $664/mo
Affordability: 207
Population: 186,183
11
Home Value: $98,700
Rent: $664/mo
Affordability: 207
Population: 11,213
12
Home Value: $147,700
Rent: $664/mo
Affordability: 207
Population: 11,373
13
Home Value: $187,000
Rent: $664/mo
Affordability: 207
Population: 62,971
14
Home Value: $129,500
Rent: $664/mo
Affordability: 207
Population: 9,819
15
Home Value: $208,000
Rent: $664/mo
Affordability: 207
Population: 22,282
Frequently Asked Questions About Affordability in Franklin
What is the most affordable neighborhood in Franklin, LA?▾
Based on 2026 data, Central is the most affordable neighborhood in Franklin with a median home value of $265,600. Kurby analyzed 15 neighborhoods in the Franklin area to compile these rankings.
What is the median home price in Franklin, LA?▾
The median home price in Franklin is $95,600, which is 66% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Franklin, LA?▾
The median monthly rent in Franklin is $832. This is 28% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Franklin?▾
The median household income in Franklin is $39,068 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Franklin are below the national average home price?▾
14 out of 15 ranked neighborhoods in Franklin have a median home value below the national average of $281,900. The most affordable is Central at $265,600 (Source: Kurby, 2026).