Much like other places in this area, it's significantly less expensive compared to the US as a whole. It is substantially less expensive compared to the city of Grand Island.
Home prices
The median home value in Franklin is $77,900. It is roughly $2,760 (3%) higher in comparison to other places in this area.In comparison to the rest of the nation it is about $139,600 (64%) lower, and in comparison to the city of Grand Island is about $62,900 (44%) lower.
Rents
In Franklin the median rent is $438 per month. Compared to the surrounding areas this is approximately $134 (23%) lower.In comparison to the nation as a whole it is roughly $624 (58%) lower, and compared to the city of Grand Island is approximately $329 (42%) lower.
Nearby places
Campbell
Campbell is about 16 miles northeast of Franklin. Real estate prices there are significantly less expensive. The cost of the median home in Campbell is $42,500, which is $35,400 (83%) lower than Franklin. The rent there is a little more expensive. In Campbell the median monthly rent is $556, which is $118 (21%) higher than Franklin.
Hildreth
Hildreth is approximately 16 miles north of Franklin. Real estate prices there are somewhat more expensive. The median home cost in Hildreth is $87,600, which works out to $9,700 (11%) higher than Franklin. Rents there are a bit more expensive. Hildreth's median monthly rent is $538, which comes out to $100 (18%) higher than Franklin.
Alma
Alma is approximately 18 miles west of Franklin. Real estate prices there are somewhat more expensive. The median home in Alma is valued at $109,900, which comes out to $32,000 (29%) higher than Franklin. Its rents are a lot more expensive. In Alma the median monthly rent is $706, which works out to $268 (37%) higher than Franklin.
Red Cloud
Red Cloud is approximately 19 miles east from Franklin. Housing prices there are significantly less expensive. The median home price in Red Cloud is $51,200, which comes out to $26,700 (52%) lower than Franklin. Rents there are a bit less expensive. In Red Cloud the median monthly rent is $344, which comes out to $94 (27%) lower than Franklin.
Wilcox
Wilcox is roughly 20 miles northwest of Franklin. Its housing prices are a bit more expensive. The price of the median home in Wilcox is $84,500, which comes out to $6,600 (7%) higher than Franklin. Its rents are significantly more expensive. The median monthly rent in Wilcox is $717, which comes out to $279 (38%) higher than Franklin.
