Quick facts: Franklinton, LA

Quick Facts

98.7
Cost of Living
below US average
3,593
Population
51.21
Crime Rate per 1000
above US average
$31,645
Median Income
below US average
$79,900
Median House Price
above US average
$1525.0
Average Rent
above US average
19%
Poverty Rate
above US average
4.0%
Unemployment Rate
below 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 $31,645.

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Income Needed to Buy

βœ“ Affordable
$25k/year
Based on $79,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($31,645) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$65k/year
Based on $1525.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $65k vs median $31,645
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Franklinton, LA

Franklinton is a charming town located in Washington Parish, Louisiana. Nestled in the scenic backdrop of the North Shore region, it serves as the parish seat and offers a blend of small-town warmth and rich historical heritage. The town is surrounded by lush forests and waterways, making it a haven for outdoor enthusiasts who enjoy activities such as fishing, hiking, and kayaking. Franklinton is known for its friendly community atmosphere, where local events and festivals celebrate the town's culture and history. Key attractions include the historic downtown area, featuring quaint shops, restaurants, and the Washington Parish Fairgrounds, where the annual Washington Parish Free Fair takes place, showcasing local agriculture and crafts. The town is also home to several parks and recreational areas, providing residents and visitors ample opportunities for leisure and outdoor activities. With its proximity to larger urban centers like Baton Rouge and New Orleans, Franklinton enjoys a peaceful lifestyle while remaining accessible to the amenities of city life. Overall, Franklinton is a wonderful place to experience the charm of Louisiana's countryside.

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