Market Overview
Home Prices in New Franklin, MO
The median home value in New Franklin, MO is $201,023 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.9% compared to a year ago and up 4.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in New Franklin are priced51% below average. New Franklin is part of the Columbia, MO metro area.
Over the past five years, New Franklin home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
New Franklin Home Price Trend
City Comparison
New Franklin vs. National Median
At $201,023, homes in New Franklin cost 51% below the national median of $410,000. This makes New Franklin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in New Franklin?
20% Down Payment
$40,205
on $201,023
Monthly P&I
$1,048/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,331/mo
incl. taxes & insurance
Income Needed
$53,240
gross annual (30% rule)
10% Down Option
$20,102
+ PMI applies
Loan Amount (20% dn)
$160,818
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in New Franklin, MO?
The median home value in New Franklin is $201,023 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.9% year-over-year.
How much have home prices changed in New Franklin?
Over the past year, home values in New Franklin have decreased by 1.9%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in New Franklin?
To comfortably afford the median home price of $201,023 with a 20% down payment ($40,205) at today's rates (6.8%), you'd need a gross annual income of approximately $53,240. This assumes keeping total housing costs at or below 30% of gross income.
How does New Franklin compare to the national average home price?
The national median home value is approximately $410,000. At $201,023, homes in New Franklin are 51% below the national average.
What metro area is New Franklin part of?
New Franklin is part of the Columbia, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.