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Franklin city, WI

ZIP 53132 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 53132

Median Home Value
$345,600
Median Rent
$1,245
Affordability Snapshot
$95,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,220/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.1x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

23.1 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 53132 in Franklin city, WI, a household would need roughly $95,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,220. That sits below the local median household income ($110,656), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.8%+20% vs US avg
x
Vacancy Rate
2.6%-74% vs US avg
x
Broadband Access
90.8%+4% vs US avg
x
4+ Bedrooms
3.6%-76% vs US avg
x
Built Pre-1939
1.3%-90% vs US avg
x
Built Post-2014
1.3%-81% vs US avg
x
Rent Burden >30%
28.4%-43% vs US avg
x
Mortgage-Free
38.3%+0% vs US avg
x
$345,600
Home Value
$1,245
Rent
1990
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached64.1%
  • 1-unit attached8.0%
  • 2-9 units12.8%
  • 10+ units14.4%
  • Mobile home & other0.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$345,600
Median rent$1,245
Owner-occupied78.8%
Vacant2.6%
Price-to-income3.1x
Est. income to buy$95,000