Much like nearby areas, it's significantly less expensive compared to the United States as a whole. It's substantially less expensive compared to the city of St. Cloud.
Home prices
Franklin's median home price is $74,200. Compared to its nearby areas this is approximately $880 (1%) higher.Compared to the rest of the nation it is about $143,300 (65%) lower, and is roughly $81,300 (52%) lower in comparison to the city of St. Cloud.
Rents
In Franklin the median monthly rent is $579. It is roughly $18 (3%) lower compared to nearby areas.It is roughly $483 (45%) lower in comparison to the nation as a whole, and in comparison to the city of St. Cloud is about $223 (27%) lower.
Nearby places
Morton
Morton is about 4 miles west from Franklin. The housing prices there are somewhat less expensive. Morton's median home value is $63,400, which works out to $10,800 (17%) lower than Franklin. Its rents are pretty similar. In Morton the median rent is $593 a month, which works out to $14 (2%) higher than Franklin.
Fairfax
Fairfax is roughly 6 miles east of Franklin. The housing prices there are a bit more expensive. The median home in Fairfax is valued at $78,400, which works out to $4,200 (5%) higher than Franklin. The rent there is somewhat less expensive. The median rent in Fairfax is $470 per month, which works out to $109 (23%) lower than Franklin.
Morgan
Morgan is about 7 miles south from Franklin. The housing prices there are similar. The median home in Morgan is valued at $76,500, which works out to $2,300 (3%) higher than Franklin. Its rents are a bit less expensive. In Morgan the median monthly rent is $517, which comes out to $62 (11%) lower than Franklin.
Redwood Falls
Redwood Falls is about 9 miles west of Franklin. Its real estate prices are a little more expensive. The median home in Redwood Falls costs $104,100, which comes out to $29,900 (28%) higher than Franklin. Its rents are somewhat more expensive. The median rent in Redwood Falls is $730 a month, which works out to $151 (20%) higher than Franklin.
Evan
Evan is approximately 11 miles south from Franklin. Its housing prices are significantly less expensive. The median home value in Evan is $44,200, which works out to $30,000 (67%) lower than Franklin. Rent there is somewhat more expensive. The median rent in Evan is $675 per month, which is $96 (14%) higher than Franklin.
