What to know before you move: cost, market timing, who it fits.
If you're considering a move to Franklin, LA, the most important variables are the local housing market, the cost structure (taxes, insurance, utilities), and how well the city fits your day-to-day life. This page summarizes the housing market read; pair it with the cost of living page for the full picture.
Franklin is a city in St. Mary Parish, Louisiana, with an estimated population of 6,284. It anchors the Morgan City metro area. The population has contracted 1.7% per year on average since 2020. The median home value in Franklin is $92,222 as of 2026-04, down 10.4% over the last 12 months. Over the last five years, home values have averaged -4.2% annual growth, and the market currently sits about 19% below its 5-year peak. The composite momentum score is 15 of 100 (Declining). The market is well off recent highs — patient long-term buyers may find opportunities, but resale liquidity is reduced.
Prices well off recent highs (-19.5% from peak, -10.4% YoY). Patient long-term buyers may find opportunities, but resale liquidity is reduced.
Reasons people move here
- Cheap entry point: $92,222 median home is well below the US median of $355k — room to grow without overpaying.
- The data is the data: Franklin has at least 5 years of Zillow tracking, full Census identification, and is included in the 2-criteria momentum score on this page.
Things to know first
- Prices actively falling: down 10.4% in the last 12 months — buyer sentiment has flipped. Sellers competing on price.
- Net out-migration: population shrinking 1.7% per year — services, schools, and tax base will follow.
- 19% off recent peak — buyers are getting through-the-cycle pricing, not the peak.
- Stagnant long-run trend: -1.7% 10-year CAGR plus flat population — appreciation case is weak.
More about Franklin
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.