{"area":{"county":"Franklin County","state":"FL","stateName":"Florida","slug":"franklin-fl","metro":null},"homeValue":{"series":[{"date":"2021-04-01","value":211058},{"date":"2021-07-01","value":226306},{"date":"2021-10-01","value":240404},{"date":"2022-01-01","value":255847},{"date":"2022-04-01","value":270083},{"date":"2022-07-01","value":273300},{"date":"2022-10-01","value":271768},{"date":"2023-01-01","value":274524},{"date":"2023-04-01","value":278351},{"date":"2023-07-01","value":286359},{"date":"2023-10-01","value":288585},{"date":"2024-01-01","value":289799},{"date":"2024-04-01","value":291404},{"date":"2024-07-01","value":290615},{"date":"2024-10-01","value":294346},{"date":"2025-01-01","value":290625},{"date":"2025-04-01","value":287377},{"date":"2025-07-01","value":284732},{"date":"2025-10-01","value":287302},{"date":"2026-01-01","value":289634},{"date":"2026-04-01","value":290143}],"latest":290143,"yoy":0.9624987385907711,"fiveYr":37.470742639464035,"sinceStart":447.4499518858846,"modeled":true},"rent":{"series":[{"date":"2026-11-01","value":1068}],"latest":1068,"yoy":null,"fiveYr":null,"sinceStart":null,"modeled":true},"census":{"medianIncome":64105,"population":12553,"povertyRate":16.494184449125378,"medianHomeValue":273300,"medianGrossRent":1049,"medianPropertyTax":1728},"hud":{"county":"Franklin County","year":"2027","perUnit":1068,"bedrooms":2,"estimated":false,"baseBedrooms":2},"crime":{"scope":"state","state":"Florida","period":"11-2024 to 10-2026","window":{"from":"11-2024","to":"10-2026","fellBack":false},"violentCrime":{"total":95375,"ratePer100k":203.24971087928412},"propertyCrime":{"total":410246,"ratePer100k":874.2582530996885},"note":"State-level totals from the FBI CDE summarized offense endpoint."},"crimeVintage":{"from":"11-2024","to":"10-2026","fellBack":false},"priceToRentRatio":22.6,"ratioVerdict":"Favors renting — price is high relative to rent","priceCagr":6.572668487018585,"rentCagr":3,"cashFlow":{"price":290143,"monthlyRent":1068,"grossRent":1068,"downPct":20,"ratePct":6.75,"units":1,"state":"FL","down":58028.600000000006,"loan":232114.4,"mortgagePI":1505.4895802607343,"monthlyTax":152.80864666666668,"taxRatePct":0.632,"taxRateSource":"Census ACS county effective rate 0.63% ($1,728 tax ÷ $273,300 ACS median), applied to current value","monthlyInsurance":253.87512500000003,"insuranceRatePct":1.05,"insuranceBasis":"Insurance: state-level estimate (FL avg 1.05%/yr)","insuranceHighRisk":true,"vacancyPct":5,"vacancyLoss":53.400000000000006,"egi":1014.6,"mgmtPct":10,"monthlyMgmt":106.80000000000001,"maintenancePct":5,"monthlyMaint":53.400000000000006,"capexPct":5,"monthlyCapex":53.400000000000006,"hoaMonthly":0,"monthlyHoa":0,"operatingExpenses":620.2837716666667,"noi":394.31622833333336,"totalExpenses":2125.773351927401,"cashFlow":-1111.173351927401,"annualCf":-13334.08022312881,"cocReturn":-22.9784627289454,"capRate":1.6308491812657897},"resilience":{"scenarios":[{"id":"rentDown","label":"Rent drops 10%","kind":"standard","detail":"Standard assumption","cashFlow":-1191.2733519274009,"delta":-80,"survives":false},{"id":"vacancy","label":"Vacancy stretches to 8%","kind":"standard","detail":"Standard assumption","cashFlow":-1143.2133519274012,"delta":-32,"survives":false},{"id":"insurance","label":"Insurance costs rise 25%","kind":"standard","detail":"Standard assumption","cashFlow":-1174.6421331774009,"delta":-63,"survives":false},{"id":"rateReset","label":"If financed at 8.25% instead","kind":"standard","detail":"Fixed-rate comparison — the deal if you'd borrowed at a higher rate today; your actual fixed payment never resets","cashFlow":-1349.4817420598463,"delta":-238,"survives":false},{"id":"historyHome","label":"Worst market shock in available history (since 1991-01-01) (home values −26.3% over 12 months)","kind":"history","detail":"History-derived proxy: worst decline found in any window of up to 12 months in the state FHFA home-value series, 2007-10-01 → 2008-10-01, applied to rent","cashFlow":-1322.2234384729954,"delta":-211,"survives":false}],"survived":0,"total":5,"score":0,"worstCashFlow":-1349.4817420598463,"baselineCashFlow":-1111.173351927401,"framing":"underwater","confidenceLabel":"verified","omitted":[],"note":"Each scenario re-runs the same verified cash-flow engine with one shock applied, then re-checks the cash-flow identity before display. Standard shocks are fixed assumptions; the history-derived scenario is this market's own worst observed 12-month decline. Estimates only — not a guarantee of performance."},"rentVsBuy":{"years":7,"priceCagr":6.572668487018585,"rentCagr":3,"totalRentPaid":98202.11530950447,"totalCashOutlay":254131.1660683747,"insuranceBasis":"Insurance: state-level estimate (FL avg 1.05%/yr)","homeValueAfter":453036.27644023614,"equityBuilt":242305.47748959713,"netCostOfBuying":69854.28857877757,"buyingCheaper":true,"savings":28347.826730726898},"priceToIncome":{"ratio":4.526058809765229,"price":290143,"medianIncome":64105,"label":"Moderate (3–5x — tighter budgets)"},"countyTaxRatePct":0.632,"countyTaxSource":"Census ACS county effective rate 0.63% ($1,728 tax ÷ $273,300 ACS median), applied to current value","dataCheck":{"status":"verified","checks":[{"metric":"home value (vintage update)","primary":290143,"secondary":273300,"primarySource":"current estimate (ACS county median × FHFA state HPI growth)","secondarySource":"raw ACS 2023 county median (as measured ~2021)","ratio":1.06,"grade":"verified","consistent":true,"hidePoint":false},{"metric":"HUD fair market rent","primary":1068,"secondary":1049,"primarySource":"HUD FMR (county)","secondarySource":"Census ACS (county gross rent)","ratio":1.02,"grade":"verified","consistent":true,"hidePoint":false}],"confidence":{"homeValue":{"label":"verified","ratio":1.06,"sources":["current estimate (ACS county median × FHFA state HPI growth)","raw ACS 2023 county median (as measured ~2021)"],"hidePoint":false,"range":{"low":273300,"high":290143}},"rent":{"label":"verified","ratio":1.02,"sources":["HUD FMR (county)","Census ACS (county gross rent)"],"hidePoint":false,"range":{"low":1049,"high":1068}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"note":"Every headline metric is checked against a second figure, and each check names its own basis. The rent and property-price checks pair genuinely independent datasets (HUD FMR vs Census ACS gross rent; your price vs the county estimate). The home-value check compares our current estimate (ACS county median updated by the FHFA state index) against the raw ACS 2023 median — its spread reflects price movement since the ACS measurement period (~2021), not disagreement between unrelated sources. 'Verified' means the two figures agree within 15%; 'Cross-checked' means they diverge more than 15%; 'Divergent' flags a >2x difference. A spread beyond 35% is too wide to defend a single point — the headline shows the source range instead, flagged 'sources disagree'."},"integrity":{"status":"pass","checks":[{"name":"home value freshness","status":"pass","detail":"latest 2026-04-01 (228d old — current for quarterly cadence)"},{"name":"home value card↔chart","status":"pass","detail":"card matches chart"},{"name":"home value growth window","status":"pass","detail":"growth matches the 5.0yr available window"},{"name":"rent freshness","status":"pass","detail":"latest 2026-11-01 (14d old — current for monthly cadence)"},{"name":"rent card↔chart","status":"pass","detail":"card matches chart"},{"name":"cash flow identity","status":"pass","detail":"NOI − P&I = cash flow"},{"name":"cash-on-cash","status":"pass","detail":"annual CF ÷ down matches"},{"name":"cap rate","status":"pass","detail":"NOI×12 ÷ price matches"},{"name":"price-to-rent","status":"pass","detail":"price ÷ (rent×12) matches"},{"name":"income plausibility","status":"pass","detail":"within expected range"},{"name":"price-to-income","status":"pass","detail":"price ÷ income matches"},{"name":"buy-vs-rent: home value at term","status":"pass","detail":"compounds at 6.6%/yr"},{"name":"buy-vs-rent: total rent paid","status":"pass","detail":"geometric series matches"},{"name":"buy-vs-rent: equity built","status":"pass","detail":"home value − loan balance matches"},{"name":"buy-vs-rent: net cost","status":"pass","detail":"outlay − equity gain matches"},{"name":"buy-vs-rent: savings & verdict","status":"pass","detail":"savings = rent − net cost, verdict matches"}],"summary":"16/16 verified","freshness":{"homeValue":{"date":"2026-04-01","ageDays":228,"cadence":"quarterly","current":true},"rent":{"date":"2026-11-01","ageDays":14,"cadence":"monthly","current":true}}},"confidence":{"homeValue":{"label":"verified","ratio":1.06,"sources":["current estimate (ACS county median × FHFA state HPI growth)","raw ACS 2023 county median (as measured ~2021)"],"hidePoint":false,"range":{"low":273300,"high":290143}},"rent":{"label":"verified","ratio":1.02,"sources":["HUD FMR (county)","Census ACS (county gross rent)"],"hidePoint":false,"range":{"low":1049,"high":1068}},"income":{"label":"estimate","sources":["Census ACS"]},"crime":{"label":"estimate","sources":["FBI CDE"]}},"verdict":"Franklin County, FL is appreciation-driven for owning: at a 22.6x price-to-rent ratio, the math favors renting — monthly investor cash flow is typically thin or negative unless you buy below median or add units.","faqs":[{"q":"Is Franklin County, FL a good rental market?","a":"Tough for cash flow. At 22.6x, Franklin County is appreciation-driven — most investors here bank on equity growth, not monthly rent spread."},{"q":"What is the median home value in Franklin County?","a":"The typical home value in Franklin County is about $290,143 (county-level, Census ACS & FHFA state HPI), up 1.0% year-over-year, and up 37.5% over five years."},{"q":"What is the median rent in Franklin County?","a":"The typical rent in Franklin County is about $1,068/mo (county-level, HUD 2-bedroom benchmark bridged from Census ACS gross rent), a current modeled estimate."},{"q":"Is it cheaper to rent or buy in Franklin County?","a":"Over a 7-year horizon, buying is cheaper in Franklin County — roughly $28,348 ahead of renting, with about $242,305 in equity built."},{"q":"Is Franklin County affordable for homebuyers?","a":"Franklin County's median home value is 4.5x the local median household income — Moderate (3–5x — tighter budgets)."},{"q":"What is the property tax rate in Franklin County?","a":"Franklin County's effective property tax rate is about 0.63% of home value (Census ACS county effective rate 0.63% ($1,728 tax ÷ $273,300 ACS median), applied to current value), which on a $290,143 median home is roughly $153/mo."}],"takeaways":["The median home value in Franklin County, FL was $290,143 as of April 2026, up 1.0% year over year (FHFA HPI applied to the Census ACS county median).","The typical market rent in Franklin County, FL was $1,068/mo as of November 2026, a current modeled estimate (HUD Fair Market Rent, FY2027, bridged from Census ACS gross rent).","Franklin County, FL has a price-to-rent ratio of 22.6 — a high reading that favors renting over buying at the median. (Computed by Areal from the figures above.)"],"citationSources":[{"name":"U.S. Census Bureau — ACS ACS 2024 5-year estimates","url":"https://www.census.gov/programs-surveys/acs/"},{"name":"FHFA House Price Index","url":"https://www.fhfa.gov/data/hpi"},{"name":"HUD Fair Market Rent","url":"https://www.huduser.gov/portal/datasets/fmr.html"},{"name":"FBI Crime Data Explorer","url":"https://cde.ucr.cjis.gov/"}],"jsonApi":{"function":"getCountyReport","query":"slug=franklin-fl","url":"https://areal.studio/functions/getCountyReport?slug=franklin-fl"},"assumptions":{"downPct":20,"ratePct":6.75,"years":7},"dataVintage":{"pulledAt":"2026-11-14T23:29:10.365Z","homeValueBasis":"FHFA state HPI (quarterly) × ACS county anchor","rentBasis":"HUD county FMR — flat current estimate (modeled, no public trend)","zhviThrough":null,"zoriThrough":null,"fhfaHpiThrough":"2026-04-01","hpiLevel":"state","hpiMetro":null,"acsVintage":"ACS 2024 5-year estimates","acsVintageMisses":[],"hudFy":"2027","safmrFy":null},"zipAnchors":{"homeValueTier":"county-fhfa-acs","rentTier":"county-acs-hud","zhvi":null,"zori":null,"safmr":null,"countyHomeEstimate":290143,"countyFmr":1068,"countyRatio":null,"hpiLevel":"state","hpiMetro":null},"links":{"stateDir":"FL","stateName":"Florida","cityPages":[],"zips":[]},"sources":["Census ACS 5-year","FHFA HPI","HUD Fair Market Rent","FBI CDE (state-level context)"]}