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MN area data

Franklin, MN

Franklin, MN.

Population: 698 (Census ACS)

Home values & appreciation

Median home value
$174,415
1-year appreciation
+12.8%
3-year appreciation
+3.8%
5-year appreciation
+14.4%
All-time peak (2026-03)
$178,633
House Price Index
429.3 (+3.3% YoY)

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
1
Elementary schools
1
Middle schools
0
High schools
0

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
coldWave, drought, hail, strongWind, winterWeather

Climate (30-year normals)

Annual precipitation
31.6 in

Amenities

Nearest airport
Lothert's Farm Strip (7 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (10 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
12
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
+4 tax filers

Housing stock

Median year housing built
1,957
Median annual property tax
$1,625
Households with broadband internet
67.8%

Employment & development

Total county employment
4,157
Average weekly wage
$1,075
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
21

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents