Affordable & Income-Based Housing in Franklin

Affordability

According to Census ACS 5-Year data (as of 2024), the median gross rent in Franklin is $1,110 per month and the median household income is $71,648 annually, with renters making up 36% of occupied households. Franklin has 5 HUD-assisted or income-restricted properties totaling 229 units, offering alternatives for renters seeking costs tied to income rather than the open market.

Safety

According to FBI Crime Data Explorer, the Franklin Police Department reported a violent crime rate of 91 per 100,000 residents in 2024. Note that crime rates are not directly comparable across cities due to differences in reporting practices and local definitions.

Of the 5 HUD-assisted properties in Franklin tracked by Lease Lantern, none are located in a high-risk flood zone based on available flood map data.

Getting Around Franklin

According to Walk Score, the area around assisted properties in Franklin has a Walk Score of 46 (Car-Dependent) and a Bike Score of 29. No Transit Score is available for this area. Most errands and trips will likely require a personal vehicle.

Schools

According to NCES Common Core of Data, 3 public schools across 1 district serve Franklin: 1 elementary, 1 middle, and 1 high school. Ratings vary by school, so renters should check the assigned schools for a specific address before applying.

Cost of Renting in Franklin, NH

The median household income in Franklin is $71,648 per year, according to Census ACS 5-Year estimates. The median gross rent is $1,110 per month, also per Census ACS 5-Year data.

Affordable and income-based housing in Franklin can help renters whose incomes fall below area limits. Rents at HUD-assisted and income-restricted properties are typically set as a percentage of a household's income or capped based on local income limits, rather than tied to market rates.

• Median household income: $71,648/year (Census ACS 5-Year)
• Median market rent: $1,110/month (Census ACS 5-Year)
• Renter-occupied households: 36% of all households (Census ACS 5-Year)

Environment & Flood Risk

All 5 HUD-assisted properties in Franklin have been mapped for flood exposure. None are located in a high-risk flood zone, according to flood mapping data for these properties.