Mortgage payment estimates, closing cost breakdowns, and homebuying data for Franklin, New Hampshire.
Pre-filled with Franklin median home price and New Hampshire tax/insurance rates. Adjust for your property.
Estimated closing costs based on New Hampshire rates and fees applied to Franklin prices.
The median home price in Franklin is $275,000, 36% below the New Hampshire state median of $430,000. With a population of 8,741, Franklin is a smaller market where home prices tend to be more accessible than in many parts of New Hampshire.
Property taxes in New Hampshire average 2.09% annually. This higher-than-average tax rate means a $275,000 home in Franklin would carry roughly $479/month in property taxes alone — plan accordingly. Homeowners insurance in New Hampshire runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Franklin is $1,180/month. The price-to-rent ratio in Franklin is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Franklin presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.