Quick facts: Franklin, GA

Quick Facts

97.5
Cost of Living
below US average
24,128
Population
3.15
Crime Rate per 1000
below US average
$52,597
Median Income
below US average
$247,500
Median House Price
above US average
$1800.0
Average Rent
above US average
13%
Poverty Rate
above US average
4.8%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $52,597.

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Income Needed to Buy

βœ— Stretch
$78k/year
Based on $247,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $78k vs median $52,597
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Income Needed to Rent

⚠ Stretch
$77k/year
Based on $1800.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $77k vs median $52,597
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Franklin, GA

Franklin, Georgia, is a quaint city located in Heard County, situated in the western part of the state. It has a rich history, founded in the early 19th century and named after patriot Benjamin Franklin. The city's charm lies in its small-town atmosphere, friendly community, and scenic views of the surrounding countryside. Franklin is known for its historic downtown area, which features unique shops, local eateries, and antique stores that reflect the town's heritage. The area is ideal for outdoor enthusiasts, offering opportunities for hiking, fishing, and exploring nearby nature trails. The nearby West Point Lake provides recreational activities such as boating and picnicking. Franklin also hosts annual community events, bringing residents together to celebrate local culture and traditions. Education in Franklin is served by the Heard County School District, which emphasizes a strong curriculum for its students. Overall, Franklin, GA, is a lovely destination for those looking to experience Southern hospitality in a peaceful setting.

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