Photo: Piccor at en.wikipedia · CC BY-SA 3.026 homes sold in Franklin in the last year, at a typical $184K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Franklin homes are listed.
Every place Franklin homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Franklin.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Franklin’s sales, at a typical $184K
26 homes sold in the year to April 2026.
typical sale · 26 sold in 12 months
- Per square foot
- $78LA $144
- Days to sell
- 132
- Sold over asking
- 8%
- Listings with a price cut
- 28%
Fewer homes sell than before 2022, at 1.9 times the 2016 price
26 sales in the last year, against 44 in 2021 and a low of 24 in 2022. The typical sale went from $99K in 2016 to $184K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $200K buys in Franklin
Check a listing against what Franklin homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Franklin are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Franklin’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to April 2026, 26 sales.
If you’re buying in Franklin
- Shop in August. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (4% over asking).
- Offer under asking. Buyers paid 92.9% of the list price on average; 8% paid over.
- You’ll usually have time. Only 6% of homes go under contract within two weeks; the typical one takes 132 days.
Spring brings the homes; winter brings the bidding wars
March has the most new listings (about 5 a month), but January is the most competitive: 21% of January sales close over asking. July and August offer nearly as much choice with fewer homes bid up (6%). May has the least competition (3%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Louisiana as a whole
| Franklin now | 2017–19 | 2021 peak | LA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 8% | 7% | 14% | 12% |
| Gone within two weeksShare of homes under contract within 14 days | 6% | 5% | 5% | 22% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | — | — | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 92.9% | 90% | 95.5% | 97% |
| Days to sellMedian days from listing to contract | 132 | 213 | 148 | 66 |
22 homes for sale on a typical day
That’s twice the 2023 low (12), 27% fewer than in 2017–19 and well under 2017’s 33.
1 in 4 listings has cut its price
28% in the last year, against — in 2017–19 and 25% across Louisiana.
Source: Redfin Data Center, city market tracker, January 2012 to April 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Franklin home costs about $996 a month
Price: Franklin’s typical sale, last 12 months. Property tax at Franklin’s 0.2% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Franklin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in March
The month with the most choice. January has the fewest, about 3.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $184K home, about $440 a year.
Taxes vs. neighborsSchools
The schools grade for Franklin, from test results, graduation and how much students grow.
Schools in FranklinTypical commute
The average one-way trip to work for people who live in Franklin.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; New Iberia for far more
The busier markets within 25 miles of Franklin, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| New Iberia | 207 | $155K | $100 | 14% | 65 |
| Morgan City | 76 | $132K | $78 | 14% | 145 |
| Franklin | 26 | $184K | $78 | 8% | 132 |
| Patterson | 22 | $138K | $96 | 41% | 75 |
Redfin Data Center, May 2025 to April 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Franklin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Franklin. People who follow the town see it, and so do people comparing Franklin with their own town. No commission, no listing fee.
Questions about buying a home in Franklin
What do homes sell for in Franklin, LA?
26 homes sold in the year to April 2026 at a typical $184K, $78 a square foot.
Is Franklin a buyer’s or seller’s market?
A buyer’s market: 19 homes were for sale in April 2026 and 1 sold, about 19 months of supply. Buyers paid 92.9% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Franklin?
March brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Franklin?
About 0.2% of a home’s value a year. On a $184K home that’s near $440.
Where can I see homes for sale in Franklin?
Zillow, Redfin, Realtor.com and Homes.com all carry Franklin’s MLS listings; the search links above open each one filtered to Franklin.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).