New Franklin, Missouri.
Typical home $193,193 (+1.4% in a year). Columbia, MO metro.
to buy the typical home at today's mortgage rate — +$566 (+126%) since Jan 2020.
- 1 year
- Up $2,724 +1%
- $190,469$193,193 since Sep 2025
- 5 years
- Up $38,379 +25%
- $154,815$193,193 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.
- New Franklin$1,014
- Missouri$1,393
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in New Franklin, MO rose 1.4% over the past year — faster than the nation's +1.2%.
Living in New Franklin, Howard County, Missouri
New Franklin is a city of 1,027 people in Howard County. Half its households earn more than $55,066 a year and half less, against $65,938 across Howard County; 16% of its people live below the poverty line. 68% of its homes are lived in by their owners and 32% are rented. Unemployment in Howard County was 3.9% in August 2026, and the county had 2.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
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 It can be wrong or out of date.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. New Franklin is a small city in Howard County, Missouri, with a population that has stayed modest. Residents are a little younger than in many rural towns, and incomes run below the county's. Most homes are lived in by their owners, and a smaller share of adults than in many places hold a four-year degree.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, retail and the building trades also common. Some people work from home, and across Howard County the largest workplaces include Central Methodist University, the Fayette R-III Schools and Bob Monnig Industries. Unemployment in the county is lower than it was a year ago, and the county has added jobs.
Things to do. The Lyric Theater is in or beside town, and Rupe Branch runs through it. A short drive away is Boone's Lick State Historic Site, a protected area with history to explore. Farther afield, Arrow Rock State Historic Site and the Big Muddy National Fish and Wildlife Refuge are both a longer drive away. Winters are cold with some snow, and summers are warm.
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- 447households
- 20%of adults have a degree
- 16%below the poverty line
- 12%work from home
What residents work in
Employed residents by industry, from the Census survey. Howard County had 2,492 jobs in 2025, 2.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 38° and lows near 18°; warmest in July, with highs near 87° and lows near 67°. About 10 inches of snow and 41 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the New Franklin 1W weather station, under a mile away (NOAA).
Largest workplaces in Howard County
- Central Methodist University-College of Liberal Arts and SciencesUniversity or college283
- Central Methodist University-College of Graduate and Extended StudiesUniversity or college212
- Fayette R-iii SchoolsSchool district100FTE
- Bob Monnig IndustriesGalvanizing metals and metal products for the trade95
- New Franklin R-I SchoolsSchool district73FTE
- Penny Plate - MissouriContainers, foil, manufacturing72
- Compass Group53
- Sunderland Trucking52
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 400 people in all across the county; New Franklin has one of its own. Colleges come from IPEDS (NCES, 2023–24) and school districts 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
- Heat wavesRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- Winter weatherRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in New 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 Howard County and the Columbia, MO metro.
New Franklin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- New Franklin$193,193
- Missouri$265,387
- 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.
- New Franklin6
Zip codes with a New Franklin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls New Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.