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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, PA Housing Affordability Index

Franklin, Pennsylvania has an MBR Housing Affordability Index score of 225.0 (Highly Affordable) as of October 30, 2026, ranking 61st most affordable of 1,325 scored Pennsylvania cities, compared with 108.3 statewide and 97.4 nationally. On a median-priced $45,500 home with 20% down, the Pennsylvania average 30-year fixed rate of 7.23% means a monthly principal and interest payment of about $248, or 7% of the city’s $41,979 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Franklin is updated every night from live Pennsylvania 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 225.0 Highly Affordable
Rank in Pennsylvania 61 of 1,325 1 = most affordable
Pennsylvania 108.3 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.23% Pennsylvania lenders
Median home value $45,500 U.S. Census Bureau

Franklin is 116.7 points above the Pennsylvania score. Scores as of October 30, 2026. See the Pennsylvania index

View Franklin Mortgage Rates

What It Takes to Buy in Franklin

$248/mo
Principal & Interest
Median home, 20% down, 7.23%
$10,600
Income Needed
To keep the payment at 28% of income
$41,979
Median Household Income
Pennsylvania: $77,971
1.1x
Price-to-Income Ratio
Pennsylvania: 3.3x
$903/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,266/yr
Median Property Tax
4.98% of median value
12.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
38.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Franklin, Pennsylvania. The rate is the Pennsylvania 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, Pennsylvania score: 225.0 (Highly Affordable), ranked 61 of 1,325 Pennsylvania cities. monitorbankrates.com/housing-affordability-index/pennsylvania/franklin”