Housing in Franklin, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$159,745
Franklin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Franklin is highlighted.
Median Home Value
13th%ilemost expensive$84,800show rank
Median Rent
42nd%ilemost expensive rent$883show rank
Rent Burden
55th%ilehighest rent burden19.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$84,800
Median Rent
$883
Total Housing Units
201
Vacancy Rate
1.0%
Owner Occupied
83.9%
Renter Occupied
16.1%
Median Property Tax
$1,545
per year
Monthly Cost (w/ Mortgage)
$938
Housing Types
Single Family95.5%
Multi-Family3.5%
Mobile Home1.0%
The median home value in Franklin, MN is $84,800. According to Zillow, the home value index for Franklin is $159,745. The median rent is $883 per month (Census ACS). About 83.9% of housing units are owner-occupied. The median year homes were built is 1960. There are 201 total housing units.