Franklin, Louisiana.
Typical home $104,139 (-0.8% in a year). Morgan City, LA metro.
to buy the typical home at today's mortgage rate — +$110 (+25%) since Jan 2020.
- 1 year
- Down $862 -1%
- $105,002$104,139 since Sep 2025
- 5 years
- Down $20,442 -16%
- $124,581$104,139 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Franklin$547
- Louisiana$1,123
- United States$1,922
At the last five years' pace, prices here aren't rising.
Typical home values in Franklin, LA fell 0.8% over the past year — slower than the nation's +1.2%.
Living in Franklin, St. Mary Parish, Louisiana
Franklin is a city of 6,728 people in St. Mary Parish. Half its households earn more than $39,518 a year and half less, against $52,576 across St. Mary Parish; 27% of its people live below the poverty line. 61% of its homes are lived in by their owners and 39% are rented. Unemployment in St. Mary Parish was 4.3% in August 2026, and the county had 2.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then construction.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Franklin is a small city in St. Mary Parish, with a population on the younger side of middle age. Incomes in town run below the parish's, and a good share of residents live below the poverty line, though most households own the homes they live in. Home values are modest, and few adults hold a four-year degree.
Work. Residents work mostly in schools, hospitals and social care, the building trades, shops, and restaurants and hotels. Across St. Mary Parish, the largest workplaces include St. Mary Parish Schools, the Bollinger Amelia Operations shipyard and Ochsner St. Mary hospital. Unemployment in the parish is lower than a year ago, though the parish has fewer jobs than it did the year before, and most people have a fairly short drive to work.
Things to do. The Bayou Teche National Wildlife Refuge, a protected area, lies in or beside town. A longer drive away are Lake Fausse Pointe State Park, a protected area for time outdoors, and the Louisiana State Museum in Patterson, a museum. Winters are mild with little or no snow, summers are hot, and the year is a wet one, so outdoor plans are best made with that in mind.
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- 2,354households
- 10%of adults have a degree
- 27%below the poverty line
- 21 mintypical commute
- 5%work from home
What residents work in
Employed residents by industry, from the Census survey. St. Mary Parish had 19,370 jobs in 2025, 2.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 63° and lows near 44°; warmest in August, with highs near 90° and lows near 74°. About 65 inches of rain a year, and little or no snow.
Average daily high and low, 1991–2020, at the Franklin Northwest weather station, 3 miles away (NOAA).
Largest workplaces in St. Mary Parish
- St. Mary Parish SchoolsSchool district1,094FTE
- Bollinger Amelia OperationsShipyard643
- Conrad Deepwater South and RepairBarge building454
- Ochsner St. MaryGeneral medical and surgical hospitals330
- WalmartWarehouse clubs and supercenters289
- Conrad Morgan CityBarge building277
- SEACOR MarineBoat rental or leasing, commercial223
- OneSubsea BerwickOil and gas field-type drilling machinery and equipment manufacturing198
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 38 workplaces with 20 or more staff, 4,985 people in all across the county; Franklin has two of its own. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- HurricanesVery high
- Coastal floodingRelatively high
- TornadoesRelatively high
- DroughtRelatively moderate
- Cold wavesrelatively high in parts of FranklinRelatively moderate
- LightningRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Franklin’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on St. Mary Parish and the Morgan City, LA metro.
Franklin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Franklin$104,139
- Louisiana$213,867
- United States$366,157
Sellers are cutting prices on about 1 in 5 Franklin listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Franklin18.87%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Franklin51
New listings per month
Sellers arriving at the market.
- Franklin7
Zip codes with a Franklin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.