The story of this market
The typical home in Franklin, Alabama sells for about $77,900, or $91 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 99 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $746 a month.
Monthly price momentum
Home values since 2015
+1.9%
AL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Franklin, Alabama
Franklin is a small, stable rural community in Macon County with a low-cost housing market and a median home value of $77,900. The market is characterized by low turnover and limited inventory, with recent data showing modest price appreciation. Economic indicators suggest a quiet, non-competitive environment for residential real estate.
No ARED county foreclosure postings attributed to Franklin yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 12.1% year over year.
Homes spend a median of 56 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 10.3% · poverty 17.3% — a mixed stability profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
Located nearby, this facility serves as the primary aviation hub for the area.
Franklin is best suited for long-term residents and those seeking a quiet, low-cost-of-living environment with a strong sense of community, rather than commuters or investors looking for high-velocity markets.
Transportation is primarily automobile-dependent, with access to regional roads connecting to larger Alabama employment centers.
Recreational opportunities are primarily rural and community-based, reflecting the town's small size and proximity to regional natural areas.
The rental market is limited in depth, with a median gross rent of $746 and a renter share of approximately 18.2%.
The local economy is small and rural, with a high bachelor's degree attainment rate of 40.9% despite a limited local industrial base.
Development momentum is limited, with the local economy characterized by a small-town profile and reliance on regional employment centers.
Parcels are subject to Macon County tax and service districts.
The area is located in plant hardiness zone 8b, with standard regional climate risks for central Alabama.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Alabama) — Current Use Valuation: Allows property to be taxed based on its current use value rather than fair market value, potentially reducing the tax burden. Conversion to a non-qualified use triggers revaluation and potential back-tax liability. State (Alabama) — Class III Residential Property Tax Assessment: Property is assessed at 10% of its fair market value. The tax liability is calculated by multiplying the assessed value by the local millage rate. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Class 3 Residential Property Tax Assessment: Residential property is classified as Class 3 and assessed at 10 percent of its fair market value. A standard homestead exemption applies to the 6.5 mill statewide property tax on the first $4,000 of assessed valuation. State (Alabama) — Standard State Ad Valorem Homestead Exemption: Exempts up to $4,000 in assessed valuation from the 6.5 mill state ad valorem tax levy (providing a maximum direct state tax reduction of $26.00). Formula: Adjusted State Tax = Max(0, (Assessed Value - $4,000)) × 0.0065. State (Alabama) — Statewide Ad Valorem Property Tax and Class III Residential Assessment Ratio: Establishes a baseline 6.5 statewide millage rate ($0.0065 per dollar of assessed value) under Ala.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from data.census.gov for Franklin town, Alabama.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.