Similar to its surrounding areas, it's substantially less expensive compared to the entire country. Compared to the city of Houston, it is substantially less expensive.
Home prices
The value of the median home in Franklin is $89,400. In comparison to its surrounding areas it is about $3,740 (4%) lower.It is about $128,100 (58%) lower compared to the rest of the country, and in comparison to the city of Houston it is roughly $82,400 (47%) lower.
Rents
In Franklin the median rent is $801 per month. In comparison to nearby areas this is roughly $114 (16%) higher.Compared to the United States as a whole it is approximately $261 (24%) lower, and compared to the city of Houston is approximately $240 (23%) lower.
Nearby places
Calvert
Calvert is roughly 10 miles west of Franklin. Its real estate prices are similar. The median home price in Calvert is $86,800, which comes out to $2,600 (2%) lower than Franklin. Its rents are a little less expensive. Calvert's median monthly rent is $716, which comes out to $85 (11%) lower than Franklin.
Hearne
Hearne is approximately 12 miles southwest of Franklin. Housing prices there are a bit less expensive. The median home in Hearne is valued at $82,900, which comes out to $6,500 (7%) lower than Franklin. The rent there is a bit less expensive. In Hearne the median monthly rent is $653, which is $148 (22%) lower than Franklin.
Bremond
Bremond is roughly 14 miles northwest of Franklin. Its real estate prices are somewhat less expensive. Bremond's median home value is $68,100, which works out to $21,300 (31%) lower than Franklin. Rent there is a bit less expensive. The median monthly rent in Bremond is $675, which is $126 (18%) lower than Franklin.
Hilltop Lakes
Hilltop Lakes is about 16 miles east of Franklin. Its housing prices are substantially more expensive. The price of the median home in Hilltop Lakes is $149,800, which comes out to $60,400 (40%) higher than Franklin. The rent there is pretty similar. In Hilltop Lakes the median rent is $776 per month, which comes out to $25 (3%) lower than Franklin.
Normangee
Normangee is about 19 miles east of Franklin. Real estate prices there are a little less expensive. Normangee's median home value is $78,100, which comes out to $11,300 (14%) lower than Franklin. Rents there are a bit less expensive. Normangee's median monthly rent is $613, which comes out to $188 (30%) lower than Franklin.
