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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Franklin, AR Housing Affordability Index

Franklin, Arkansas has an MBR Housing Affordability Index score of 151.8 (Highly Affordable) as of October 30, 2026, ranking 288th most affordable of 450 scored Arkansas cities, compared with 135.7 statewide and 97.4 nationally. On a median-priced $117,500 home with 20% down, the Arkansas average 30-year fixed rate of 7.25% means a monthly principal and interest payment of about $642, or 15% of the city’s $50,000 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Franklin is updated every night from live Arkansas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Franklin MBR-HAI 151.8 Highly Affordable
Rank in Arkansas 288 of 450 1 = most affordable
Arkansas 135.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.25% Arkansas lenders
Median home value $117,500 U.S. Census Bureau

Franklin is 16.1 points above the Arkansas score. Scores as of October 30, 2026. See the Arkansas index

View Franklin Mortgage Rates

What It Takes to Buy in Franklin

$642/mo
Principal & Interest
Median home, 20% down, 7.25%
$27,500
Income Needed
To keep the payment at 28% of income
$50,000
Median Household Income
Arkansas: $60,773
2.4x
Price-to-Income Ratio
Arkansas: 3.1x
$624/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,075/yr
Median Property Tax
Arkansas figure
54.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Franklin, Arkansas. The rate is the Arkansas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Franklin Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Franklin, Arkansas score: 151.8 (Highly Affordable), ranked 288 of 450 Arkansas cities. monitorbankrates.com/housing-affordability-index/arkansas/franklin”