The median home value in Franklin, KY is $203,500. This is higher than the county median home value of $198,600. The national median home value is $338,100. The average price of homes sold in Franklin, KY is $203,500. Approximately 44.78% of Franklin homes are owned, compared to 43.61% rented, while 11.61% are vacant. Franklin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Franklin real estate agent to arrange a tour today!
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Franklin has a population of approximately 9,885 and experiences a population change rate of 23.62%. The population density is 696.9 / sq mi.
The median household income for Franklin is $51,324, with 3,389 households and an average household size of 2.81.
The cost of living index in Franklin is 83.4%.
The median value of a home in Franklin is $203,500 with an appreciation rate of 17.9%. 44.8% of housing in the city is owned while 43.6% is rented.
The unemployment rate in Franklin is 3.00%, and recent job growth is at -0.05%. Future job growth is projected at 40.18%.
The sales tax rate in Franklin is 6.00%, while the income tax rate is 5.00%.
School expenditures in Franklin are $11,362, and the school ratio is 15.4:1.
The average high temperature in July is 88.3 degrees, with an average low temperature in January of 26 degrees. The average rainfall is approximately 49.9 inches per year, with 2.7 inches of snow per year.
| Metric | City | County |
|---|---|---|
| High School Graduates | 88.53 | 89.48 |
| College Degree - 2 year | 11.49 | 10.41 |
| College Degree - 4 year | 13.45 | 13.8 |
| Graduate Degree | 4.48 | 4.63 |
| Expenditures per Student | $11,362 | $11,362 |
| Students per Teacher | 15.40 | 15.40 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Adairville Elementary School | PK - 08 | 344 | 12.8 | 42202 |
| Alvaton Elementary School | PK - 06 | 656 | 17.1 | 42122 |
| Auburn Elementary School | PK - 08 | 763 | 16.1 | 42206 |
| Franklin Elementary School | PK - KG | 322 | 17.4 | 42134 |
| Plano Elementary School | PK - 06 | 584 | 16 | 42104 |
| Rich Pond Elementary School | PK - 06 | 386 | 16.4 | 42104 |
| Simpson Elementary School | 01 - 03 | 659 | 15.3 | 42134 |
| T C Cherry Elementary School | PK - 05 | 295 | 13.7 | 42104 |
| William Natcher Elementary School | PK - 06 | 602 | 15.1 | 42104 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Bowling Green Junior High | 06 - 08 | 916 | 17.1 | 42104 |
| Drakes Creek Middle School | 07 - 08 | 614 | 16.8 | 42104 |
| Franklin-Simpson Middle School | 06 - 08 | 677 | 18.3 | 42134 |
| Lincoln Elementary School | 04 - 05 | 422 | 18 | 42134 |
| South Warren Middle School | 07 - 08 | 572 | 17.5 | 42104 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Bowling Green High School | 09 - 12 | 1222 | 16.6 | 42104 |
| Franklin-Simpson High School | 09 - 12 | 916 | 17.6 | 42135 |
| Greenwood High School | 09 - 12 | 1198 | 17.5 | 42104 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| * Franklin-Simpson High School West Campus | 07 - 12 | 36 | 9 | 42135 |