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Franklin, MD Home Values and Rents
The median home value in Franklin is $65,500. Median rent is $507 a month.
- Median home value
- $65,500
- ACS 2020-2024
- Median rent
- $507/mo
- ACS 2020-2024
- Price change, 1 year
- +3.3%
- County index, 2025
- Homeownership
- 28.2%
- MD: 67.6%
Allegany County home price trend
FHFA annual House Price Index for Allegany County, 2000 = 100, compared with Maryland
Show as a table
| Period | Allegany County |
|---|---|
| 2025 | 217 |
| 2024 | 210 |
| 2023 | 195 |
| 2022 | 183 |
| 2021 | 161 |
| 2020 | 149 |
| 2019 | 143 |
| 2018 | 138 |
| 2017 | 140 |
| 2016 | 135 |
| 2015 | 136 |
| 2014 | 135 |
| 2013 | 139 |
| 2012 | 143 |
| 2011 | 146 |
Beta
Over five years, Allegany County prices changed +45.0%, compared with +25.6% for Maryland.
Source: Federal Housing Finance Agency · Last updated 08/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Allegany County, MD
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $862 | +24.2% |
| 1 bedroom | $888 | +7.9% |
| 2 bedrooms | $1,014 | +4.2% |
| 3 bedrooms | $1,383 | +3.8% |
| 4 bedrooms | $1,468 | +1.1% |
Frequently asked questions
- What is the median home value in Franklin, MD?
- The median home value in Franklin is $65,500, based on the American Community Survey 2020-2024 5-year estimates. The Maryland median is $419,900.
- How much is rent in Franklin?
- The median rent in Franklin is $507 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,014.
- Are home prices going up in Franklin?
- Home prices in Allegany County changed +3.3% over one year and +45.0% over five years, as of 2025.