Special Interest
Housing in Franklin County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Franklin County averages $696/month for a 2‑bedroom in 2024, compared to the Iowa median of $972 and the national median of $1,413. Local renters spend approximately 23% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Franklin County FMR Area are $682 for a studio, $700 for 1‑bedroom, $919 for 2‑bedroom, $1,168 for 3‑bedroom, and $1,542 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $223 increase for a 2-bedroom in Franklin County shows a 32% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Franklin County was 3.1% in 2024, compared to Iowa at 3.0% and the national rate of 4.0%.
