Home prices
The cost of the median home in Franklin Square is $476,100. This is approximately $25,380 (5%) lower compared to the surrounding areas.Compared to the entire nation it is approximately $258,600 (118%) higher, and compared to the city of New York it is about $129,900 (21%) lower.
Rents
Franklin Square's median rent is $1,761 a month. Compared to nearby areas it is about $321 (15%) lower.Compared to the US as a whole it is approximately $699 (65%) higher, and compared to the city of New York it is approximately $318 (22%) higher.
Nearby places
Garden City South
Garden City South is Franklin Square's neighbor to the northeast. The housing prices there are a little more expensive. Garden City South's median home value is $569,900, which works out to $93,800 (16%) higher than Franklin Square. Rents there are a lot more expensive. Garden City South's median monthly rent is $3,501, which works out to $1,740 (49%) higher than Franklin Square.
West Hempstead
West Hempstead is Franklin Square's neighbor to the east. Housing prices there are similar. The median home value in West Hempstead is $461,300, which is $14,800 (3%) lower than Franklin Square. Its rents are somewhat more expensive. In West Hempstead the median monthly rent is $1,923, which is $162 (8%) higher than Franklin Square.
Elmont
Elmont is Franklin Square's neighbor to the west. Real estate prices there are a bit less expensive. The median home cost in Elmont is $402,400, which comes out to $73,700 (18%) lower than Franklin Square. Its rents are fairly similar. Elmont's median monthly rent is $1,779, which comes out to $18 (1%) higher than Franklin Square.
Stewart Manor
Stewart Manor is Franklin Square's neighbor to the north. Housing prices there are a bit more expensive. The median home in Stewart Manor costs $606,500, which works out to $130,400 (21%) higher than Franklin Square. Rent there is somewhat less expensive. The median monthly rent in Stewart Manor is $1,531, which is $230 (15%) lower than Franklin Square.
South Floral Park
South Floral Park is roughly 1 mile northwest of Franklin Square. The real estate prices there are similar. The median home cost in South Floral Park is $467,300, which is $8,800 (1%) lower than Franklin Square. Rents there are a bit less expensive. The median monthly rent in South Floral Park is $1,676, which comes out to $85 (5%) lower than Franklin Square.
