Mortgage payment estimates, closing cost breakdowns, and homebuying data for Franklin, New Hampshire.
Median Home Price
$275K
Population
9K
Avg Monthly Rent
$1,180
Property Tax Rate
2.09% *
* Property tax shown is the New Hampshire state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Franklin.
Franklin vs New Hampshire Median
The median home price in Franklin is $275,000, which is 36% below the New Hampshire state median of $430,000.
Mortgage Calculator — Franklin, NH
Pre-filled with Franklin median home price and New Hampshire tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using New Hampshire's 2.09% tax rate and $1,400/yr insurance.
5% Down
$2,399/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $479
Insurance: $117
PMI: $152
10% Down
$2,304/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $479
Insurance: $117
PMI: $144
20% Down (No PMI)
$1,986/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $479
Insurance: $117
Income needed (28% rule): $85K/year with 20% down, $99K/year with 10% down.
Rent vs Buy in Franklin
Rent
$1,180/mo
vs
Buy (10% down)
$2,304/mo
Price-to-rent ratio: 19.4 — A ratio between 15-20 means the rent vs buy decision in Franklin depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
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.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Franklin.