Housing Profile
Franklin County, Florida

• Population, 2007: 12247. Franklin County ranks # 64 of Florida's 67 counties in population.

• Households, 2007: 4655

• In 2030, Franklin County is projected to have a population of 14402, ranking it # 64 of Florida's 67 counties.

Projected Total Population, Franklin County, 2007-2030

Place	2007	2010	2015	2020	2025	2030
Franklin County	12247	12398	13001	13503	14001	14402
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Sources:   Not Available.

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

• Single Family Home, average just value, 2008: $382174. (Statewide, the average just value of a single family home in Florida in 2008 was $248425).
• Mobile Home, average just value, 2008: $82991.
• Condominium, average just value, 2008: $252857.
• 
  * -100 means less than 25 observations
  * -200 means less than 2/3 of observations have valid year built entries
  * -300 means less than 2/3 of observations have valid square footage entries
  * -400 means no observations

Home Sales Prices

• The average sales price for a single family home was $502678 in 2007. The median sales price that year was $295000, compared to a statewide median sales price of $240000.
• 
  * -100 means less than 25 observations.
  * -200 means less than 2/3 of observations have valid entries for that year.
  * -300 means less than 2/3 of observations have valid square footage entries.
  * -400 means no observations.

Median Sales Price for Single Family Homes and Condominiums, Franklin County, 1996-2007

Place	Housing Type	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007
Franklin County	Condominiums	58000	59900	108700	98000	160000	340000	315000	350000	285750	275000	405000	550000
Franklin County	Single Family Homes	105000	91700	110000	135000	150000	161250	189500	250000	359750	362500	377000	295000
Notes:  * -100 means less than 25 observations. * -200 means less than 2/3 of observations have valid entries for that year. * -300 means less than 2/3 of observations have valid square footage entries. * -400 means no observations. Sources:  County property appraiser tax rolls, compiled by Shimberg Center - Florida Housing Data Clearinghouse.

Rents

• The median rent paid by Franklin County households in 2000 was $419 per month, compared to a statewide median rent of $641.

• In Franklin County and the surrounding metro area, the HUD Fair Market Rent in 2009, representing rent for a typical modest apartment, was $514 for a studio apartment, $515 for a one-bedroom, $618 for a two-bedroom, $778 for a three-bedroom, and $886 for a four-bedroom unit.

Households by Monthly Rent Paid, Franklin County,2000

Place	No Cash Rent	less than 200	between 200 and 299	between 300 and 499	between 500 and 749	between 750 and 999	between 1000 and 1499	1500 or more
Franklin County	172	62	124	272	148	48	15	10

Cost Burden, General

• "Cost-burdened" households pay more than 30% of income for rent or mortgage costs. In 2007, 1200 Franklin County households (26%) pay more than 30% of income for housing. By comparison, 0% of households statewide are cost-burdened.

• 499 households in Franklin County (11%) pay more than 50% of income for housing.

Households by Cost Burden, Franklin County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Total	3455	701	499
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** The Household Demographic Data Access Tool allows users to combine any of the variables below to create a custom report. For example, a user could find the number of 1-2 person renter households age 65 and older who pay more than 50% of income for housing by selecting household size, householder age, and household income as indicators.

Households by Homeowner/Renter Status and Cost Burden, Franklin County, 2007

	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
Owner	2865	557	376
Renter	590	144	123
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. 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 $39300 in 2008.

Households by Income and Cost Burden, Franklin County, 2007

Household Income as Percentage of Area Median Income	Amount of Income Paid for Housing
	0-30%	30-50%	50% or more
<=30% AMI	250	137	250
30.01-50% AMI	378	173	131
50.01-80% AMI	617	192	68
80.01+% AMI	2210	199	50
Total	3455	701	499
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** For more detailed income categories and to combine with other variables such as age, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Elderly Households

• 1440 households in Franklin County (30.9%) are headed by a person age 65 or older in 2007. In comparison, 27.3% of households statewide are headed by elderly persons.

• 2555 of elderly households in Franklin County (88.9%) own their homes.

• 346 elderly households (24%) pay more than 30% of income for rent or mortgage costs.

Elderly Households by Age and Cost Burden, Franklin County, 2007

Age of Householder	Amount of Income Paid for Housing
	0-30%	30-49.9%	50+ %
65+	1094	212	134
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To learn about all head-of-household age categories and to combine with other variables such as income, cost burden, and owner/renter status, try the Household Demographic Data Access Tool.

Size of Households

• 3196 households in Franklin County (69%) are made up of 1-2 persons in 2007. 27% of these households pay more than 30% of income for rent or mortgage costs.

• 1211 households in Franklin County (26%%) are made up of 3-4 persons in 2007. 26% of these households pay more than 30% of income for rent or mortgage costs.

• 252 households in Franklin County (5%%) are made up of 5 persons or more in 2007. 15% of these households pay more than 30% of income for rent or mortgage costs.

Households by Size and Cost Burden, Franklin County, 2007

Number of Persons in the Household	Amount of Income Paid for Housing
	0-30%	30.01-50%	50.01+ %
1-2	2345	475	376
3-4	898	202	111
5+	213	29	10
Notes:  Housing Needs Assessment - Population and Household Projection Methodology User Guide. Click here to get household projections by tenure, age of householder, income, and cost burden. Sources:   Not Available.

** To combine with other variables such as income, head-of-household age, and owner/renter status, try the Household Demographic Data Access Tool.

Disability and Affordable Housing Need

• In 2000, 640 low-income households included at least one person with a disability age 15 or older. These households had incomes below 60% of the area median income.

Low-Income (<60% AMI) Households Including Persons with Disabilities Age 15+ and Cost Burden, Franklin County, 2000

Amount of Income Paid for Housing
0-29.9%	30-49.9%	50+ %
308	171	161

Single Family Home Size and Age

• In 2008, the median size for a new single-family home in Franklin County was 1785 square feet.

Year Structure Built, Franklin County, 2000

Year Structure Built, 2000
1939 and earlier	1940s	1950s	1960s	1970s	1980s	1990s	Place
457	637	563	841	1211	1664	1807	Franklin County

Substandard Housing

Housing units are considered to be substandard if they are overcrowded, do not have heat, or lack complete kitchens or plumbing. In 2000,

• 102 housing units (2.5% of all units) in Franklin County were overcrowded, meaning that they housed more than one person per room, compared to a statewide percentage of 6.5%.

• 22 units (0.5%) in Franklin County did not use home heating fuel, compared to a statewide percentage of 1.8%.

• 12 units (0.2%) in Franklin County lacked complete kitchen facilities, compared to a statewide percentage of 0.5%.

• 20 units (0.3%) in Franklin County lacked complete plumbing facilities, compared to a statewide percentage of 0.4%.