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Franklin, MN Real Estate


According to census data in the year 2000 there were 221 housing units in Franklin. This represents a 2.2% decline from 226 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 221 were located in what is classified as a rural area.

Homeownership rate in Franklin is about 80.8%. Franklin's vacancy rate, including seasonal lodging, is about 8.1%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Franklin were built after 1948.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.60%
Two Bedrooms28.10%
Three Bedrooms41.20%
Four Bedrooms17.60%
Five Bedrooms or more4.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1949
Median Value of occupied units$38,800

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1942
Median Monthly Rent asked for vacant units$288

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.50%
Home Equity Loan11.60%
Simple Mortgage26.70%
Debt Free56.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.6%