Franklin, Nebraska.
Typical home $140,433 (+1.8% in a year).
to buy the typical home at today's mortgage rate — +$417 (+130%) since Jan 2020.
- 1 year
- Up $2,429 +2%
- $138,004$140,433 since Sep 2025
- 5 years
- Up $34,800 +33%
- $105,633$140,433 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$737
- Nebraska$1,461
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Franklin, NE rose 1.8% over the past year — faster than the nation's +1.2%.
Living in Franklin, Franklin County, Nebraska
Franklin is a city of 941 people in Franklin County. Half its households earn more than $53,375 a year and half less, against $60,195 across Franklin County; 15% of its people live below the poverty line. 83% of its homes are lived in by their owners and 17% are rented. Unemployment in Franklin County was 2.0% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then farming.
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 It can be wrong or out of date.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 very small city in south-central Nebraska, the kind of place where residents tend to know one another. Nearly everyone lives in a home they own, and typical home values are modest. Household incomes run below the county's, and a good number of residents live below the poverty line.
Work. Most residents work in schools, hospitals and social care, with farming, retail and transport also employing many. The largest workplaces in town are Franklin Public Schools, Accura Healthcare/Stonebridge Suites of Franklin, and Franklin County Memorial Hospital. Commutes are short, few people work from home, and unemployment in the county is low and has eased from a year earlier.
Things to do. Harlan County Reservoir is a longer drive away and offers lake recreation. Pioneer Village, also a longer drive, is a museum, and White Rock Creek is a river nearby for those who like time by the water. Winters are cold and snowy and summers turn hot, so outings tend to suit the warmer months.
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- 449households
- 19%of adults have a degree
- 15%below the poverty line
- 18 mintypical commute
- 3%work from home
What residents work in
Employed residents by industry, from the Census survey. Franklin County had 784 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 14°; warmest in July, with highs near 89° and lows near 64°. About 19 inches of snow and 27 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Franklin #2 weather station, under a mile away (NOAA).
Largest workplaces in Franklin
- Franklin Public SchoolsSchool district64FTE
- Accura Healthcare/Stonebridge Suites of FranklinSkilled nursing facilities49
- Franklin County Memorial HospitalCritical access hospital33FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 1 workplace with 20 or more staff, 49 people in all. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); 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
- Strong windVery high
- HailVery high
- Winter weatherVery high
- LightningVery high
- Ice stormsVery high
- DroughtRelatively high
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 high. 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 Franklin County.
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$140,433
- Nebraska$278,299
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Franklin6
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.