:|
:|
:|
:|
 
spacer
Housing Profile
Franklin County, Florida
  • Population, 2015: 11841. Franklin County ranks # 65 of Florida's 67 counties in population.
  • Households, 2015: 4340
  • Homeownership Rate, 2015: 75.2%. Statewide, Florida's homeownership rate is 67.7%.
Population Projections
  • In 2040, Franklin County is projected to have a population of 12299, ranking it # 65 of Florida's 67 counties.

Projected Total Population, Franklin County, 2010-2040

Place 2010 2015 2020 2025 2030 20352040
Franklin County 11549 11841 12003 12103 12198 12301 12299
Notes:  Not Available.
Sources:  University of Florida Bureau of Economic and Business Research, Population Projections; U.S. Census Bureau, 2010 Decennial Census.
Housing Market

Existing Home Values (Based on County Property Appraisers' Just Value)

  • Single Family Home, average just value, 2016: $221713. (Statewide, the average just value of a single family home in Florida in 2016 was $219681).
  • Mobile Home, average just value, 2016: $36311.
  • Condominium, average just value, 2016: $175232.

Home Sales Prices

  • The average sales price for a single family home was $332123 in 2016. The median sales price that year was $260000, compared to a statewide median sales price of $212000.

    Source: Florida Department of Revenue, Sales Data Files

Median Sales Price for Single Family Homes and Condominiums, Franklin County, 1996-2016

Place Housing Type 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 20152016
Franklin County Condominiums 58000 59900 108700 98000 160000 340000 315000 350000 285750 275000 405000 550000 360000 180000 140000 78000 121700 195000 137500 140000 167500
Franklin County Single Family Homes 105000 91700 110000 135000 150000 161250 189500 250000 359750 362500 377000 295000 275000 289000 250000 266200 250000 290250 240000 267500 260000
Notes:  Not applicable
Sources:  Florida Department of Revenue, Sales Data Files

Median Gross Rent, Franklin County, 2010-2014 American Community Survey

Place Median Gross RentState Median Gross Rent
Franklin County 720 998
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File
  • In Franklin County and the surrounding metro area, the HUD Fair Market Rent in 2016, representing rent for a typical modest apartment, was $588 for a studio apartment, $625 for a one-bedroom, $723 for a two-bedroom, $1040 for a three-bedroom, and $1262 for a four-bedroom unit.

    Source: U.S. Department of Housing and Urban Development, 2016 Fair Market Rents

Households by Monthly Rent Paid, Franklin County, 2010-2014

Place <$200 $200-$299 $300-$499 $500-$749 $750-$999 $1,000-$1,499 $1,500 or More No Cash RentTotal
Franklin County 34 52 111 340 245 172 32 161 1147
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Manufactured Housing Parks and Condominiums

  • There are 2 licensed manufactured housing parks in Franklin with 41 lots in 2012.
  • There are 17 licensed condominium developments in Franklin with 374 units in 2012. Of these, 5 properties with 103 units were converted from rental to condo.

    Source: Florida Department of Business and Professional Regulation

Home Purchase Loans by Property Type, Franklin County, 2005-2014

Application Count
Place County Property Type 2005 2006 2007 2008 2009 2010 2011 2012 20132014
Franklin County Franklin One to four-family (other than manufactured housing) 312 157 105 92 86 82 98 260 251 296
Franklin County Franklin Manufactured housing 27 29 21 12 11 10 12 21 13 21
Franklin County Franklin Multifamily 1 0 0 0 0 0 0 0 2 0
Notes:  Shows loan applications resulting in loan origination only. For more information, see HMDA User Guide
Sources:  Home Mortgage Disclosure Act data 2005-2014

Foreclosures and Serious Delinquencies

This table is not available outside of Metropolitan Statistical Areas (MSAs)

Affordable Housing Needs

Cost Burden, General

  • "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2015, 1399 Franklin County households (32%) pay more than 30% of income for housing. By comparison, 42% of households statewide are cost-burdened.
  • 605 households in Franklin County (14%) pay more than 50% of income for housing.

Households by Cost Burden, Franklin County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Total 2941 794 605
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.
Homeowners and Renters

Households by Homeowner/Renter Status and Cost Burden, Franklin County, 2015

Amount of Income Paid for Housing
0-30% 30-50%50% or more
Owner 2290 660 314
Renter 651 134 291
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Household Income

  • In the following table, household income is measured as a percentage of the median income for the county or area, adjusted for family size. In Franklin County and the surrounding metro area, the HUD-estimated median income for a family of four is $49900 in 2016.

Households by Income and Cost Burden, Franklin County, 2015

Household Income as Percentage of Area Median Income Amount of Income Paid for Housing
0-30% 30-50%50% or more
<=30% AMI 185 99 307
30.01-50% AMI 261 167 119
50.01-80% AMI 352 244 86
80.01+% AMI 2143 284 93
Total 2941 794 605
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Elderly Households

  • 1542 households in Franklin County (35.5%) are headed by a person age 65 or older in 2015. In comparison, 29.6% of households statewide are headed by elderly persons.
  • 1381 of elderly households in Franklin (89.6%) own their homes.
  • 386 elderly households (25%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Franklin County, 2015

Age of Householder Amount of Income Paid for Housing
0-30% 30-49.9%50+ %
65 or more 1156 253 133
Notes:  Click here to get household projections by tenure, age of householder, income, and cost burden.
Sources:   Not Available.

Supply Characteristics

Single Family Home Size and Age

  • In 2016, the median size for a new single-family home in Franklin County was 1836 square feet.

Year Structure Built, Franklin County, 2010-2014 American Community Survey

Place Number Share by Decade
2000 or After 1990-1999 1980-1989 1970-1979 1960-1969 1950-1959 1940-1949 1939 or Earlier Total 2000 or After 1990-1999 1980-1989 1970-1979 1960-19691959 or Earlier
Franklin County 1907 1527 1516 1056 796 563 692 553 8610 22.1 17.7 17.6 12.3 9.2 21.0
Notes:  American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File

Housing Condition Characteristics (Occupied Units), Franklin County, 2010-2014 American Community Survey

Place Persons Per Room House Heating Fuel Kitchen Facilities Plumbing Facilities
1.01 or More Persons per Room Share of Occupied Units (%) No Fuel Used Share of Occupied Units (%) Lacking Complete Facilities Share of Occupied Units (%) Lacking Complete FacilitiesShare of Occupied Units (%)
Franklin County 123 2.9 - - 220 2.6 132 1.5
Notes:  Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing.
American Community Survey is based on a sample of households and therefore involves a margin of error. To find the margin of error for this and other ACS-based tables, see the General Unit Characteristics tool. A "-" indicates that the value in the ACS is not statistically significant from zero.
Sources:  U.S. Census Bureau, 2010-2014 American Community Survey 5-Year Summary File