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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, GA Housing Affordability Index

Franklin, Georgia has an MBR Housing Affordability Index score of 87.6 (Moderately Less Affordable) as of October 30, 2026, ranking 489th most affordable of 519 scored Georgia cities, compared with 105.8 statewide and 97.4 nationally. On a median-priced $366,700 home with 20% down, the Georgia average 30-year fixed rate of 7.28% means a monthly principal and interest payment of about $2,008, or 73% of the city’s $32,917 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Franklin is updated every night from live Georgia 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 87.6 Moderately Less Affordable
Rank in Georgia 489 of 519 1 = most affordable
Georgia 105.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.28% Georgia lenders
Median home value $366,700 U.S. Census Bureau

Franklin is 18.3 points below the Georgia score. Scores as of October 30, 2026. See the Georgia index

View Franklin Mortgage Rates

What It Takes to Buy in Franklin

$2,008/mo
Principal & Interest
Median home, 20% down, 7.28%
$86,100
Income Needed
To keep the payment at 28% of income
$32,917
Median Household Income
Georgia: $77,353
11.1x
Price-to-Income Ratio
Georgia: 3.9x
$1,565/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,180/yr
Median Property Tax
0.32% of median value
10.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
37.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Franklin, Georgia. The rate is the Georgia 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, Georgia score: 87.6 (Moderately Less Affordable), ranked 489 of 519 Georgia cities. monitorbankrates.com/housing-affordability-index/georgia/franklin”