Real Estate Investing in Franklin County, New York

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

17 ZIP codes • Population: 38,455

Should you buy in Franklin County, NY? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (53/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

πŸ“ˆ For Investors
MIXED
3.0 / 5 (52/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 27.4% of homes vacant β€” above national norms.
  • Tenant-protective state: Landlord rating 1.0/5 β€” slower evictions, more regulations.

What’s happening in Franklin County, NY?

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3.0/ 5

Investability

County-wide average

2.0/ 5

Appreciation

3.9% 5yr CAGR

1.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $191,332
Avg Monthly Rent $952
ZIP Codes 17

Investing in Franklin County Real Estate

This is a distressed-leaning county in New York: Franklin has 17 cities, 17 ZIPs, and investment math that only works for investors with genuine local understanding.

Investors considering Franklin, New York should understand what the β˜…β˜…β˜…β˜†β˜† rating represents β€” a region with material challenges, not a temporary rough patch.

Franklin County's population trends and income levels suggest a region where affordability is strained, constraining how aggressively rents can rise without hurting collections.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Franklin County, NY. Anonymous, moderated, never written by AI.

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Avg Home Value
$191,332
Avg Monthly Rent
$952
1% Rule
βœ— Below
Landlord Friendly (NY)
β˜…β˜†β˜†β˜†β˜†

πŸ“‰ Market Crash Risk Index

Based on Malone, NY metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings β†’

πŸŽ“ Colleges & Universities in Franklin County

1 College 597 Students
C
Paul Smiths College of Arts and Science
4-Year Private Β· 597 students

Cities in Franklin County

ZIP Codes in Franklin County, NY

12953 β˜… β˜… β˜… β˜… β˜…
Malone
Population 12,842
Avg Home $149,451
Avg Rent $963/mo
12986 β˜… β˜… β˜… β˜… β˜…
Tupper Lake
Population 5,304
Avg Home $221,056
Avg Rent $909/mo
12966 β˜… β˜… β˜… β˜… β˜…
North Bangor
Population 2,962
Avg Home $147,034
Avg Rent $882/mo
12920 β˜… β˜… β˜… β˜… β˜…
Chateaugay
Population 2,509
Avg Home $170,412
Avg Rent $1,089/mo
12926 β˜… β˜… β˜… β˜… β˜…
Constable
Population 2,493
Avg Home $153,714
Avg Rent $936/mo
12916 β˜… β˜… β˜… β˜… β˜…
Brushton
Population 2,250
Avg Home $140,292
Avg Rent $873/mo
12957 β˜… β˜… β˜… β˜… β˜…
Moira
Population 1,721
Avg Home $124,014
Avg Rent $873/mo
12937 β˜… β˜… β˜… β˜… β˜…
Fort Covington
Population 1,340
Avg Home $121,856
Avg Rent $936/mo
12917 β˜… β˜… β˜… β˜… β˜…
Burke
Population 1,194
Avg Home $168,527
Avg Rent $972/mo
12980 β˜… β˜… β˜… β˜… β˜…
Saint Regis Falls
Population 1,064
Avg Home $99,826
Avg Rent $873/mo
12970 β˜… β˜… β˜… β˜… β˜…
Paul Smiths
Population 1,022
Avg Home $331,946
Avg Rent $918/mo
12989 β˜… β˜… β˜… β˜… β˜…
Vermontville
Population 1,012
Avg Home $259,067
Avg Rent $1,026/mo
12914 β˜… β˜… β˜… β˜… β˜…
Bombay
Population 892
Avg Home $127,820
Avg Rent $873/mo
12930 β˜… β˜… β˜… β˜… β˜…
Dickinson Center
Population 866
Avg Home $130,351
Avg Rent $1,179/mo
12945 β˜… β˜… β˜… β˜… β˜…
Lake Clear
Population 535
Avg Home $312,542
Avg Rent $954/mo
12969 β˜… β˜… β˜… β˜… β˜…
Owls Head
Population 253
Avg Home $167,046
Avg Rent $999/mo
12976 β˜… β˜… β˜… β˜… β˜…
Rainbow Lake
Population 196
Avg Home $427,686
Avg Rent $936/mo

Screen every market in Franklin County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Franklin County

How high is vacancy risk in, NY?

, NY carries elevated vacancy risk. Expect reliable absorption at market rents of $952/mo.

How expensive is real estate in, NY?

Median home price in, NY is near $191K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.

What real estate strategy is ideal for, NY?

, NY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($191K prices, $952/mo rents) make it a reasonable choice.

How qualified is the tenant pool in, NY?

The tenant pool in, NY is solid, supported by local employment and population fundamentals. Rents of $952/mo are well-absorbed by the market.

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