Franklin County, AL
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 34.44, -87.84.
Assembled 2026-10-06. Read the brief.
- 26th pct · 2,243rd of 3,063 US counties · median $234,566
- 45th pct · 37th of 67 Alabama counties · median $183,308
- 8th pct · 2,796th of 3,063 US counties · median +2.9%
- 6th pct · 63rd of 67 Alabama counties · median +2.2%
- US counties: not published this period
- Alabama counties: not published this period
- 56th pct · 1,389th of 3,221 US counties · median 8,232
- 51st pct · 33rd of 67 Alabama counties · median 10,118
- 26th pct · 2,361st of 3,221 US counties · median $1,039
- 18th pct · 55th of 67 Alabama counties · median $1,024
- 35th pct · 1,990th of 3,063 US counties · median 4.3
- 53rd pct · 32nd of 67 Alabama counties · median 3.3
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $176,962 (Aug 2026), -2.5% over one year, +20.3% over five
- 26th pct · 2,243rd of 3,063 US counties · median $234,566
- 45th pct · 37th of 67 Alabama counties · median $183,308
| Item | Value | Distance |
|---|---|---|
| Franklin County, AL | $176,962 · -2.5% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)
- US counties: not published this period
- Alabama counties: not published this period
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $969 a month on $176,962 at 7.28%, against an average weekly wage worth $4,060 a month: 23.9% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $176,962 × 80% = $141,569, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $969/mo principal and interest
- wage share = payment / (avg weekly wage $937 × 52 / 12 = $4,060) = 24% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $176,962 / ($937 × 52) = 3.6
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
10,992 jobs at 718 employers (2026 Q1); +0.7% jobs and +1.8% average weekly wage over the year
- 56th pct · 1,389th of 3,221 US counties · median 8,232
- 51st pct · 33rd of 67 Alabama counties · median 10,118
| Item | Value | Distance |
|---|---|---|
| Franklin County, AL | 10,992 jobs · $937/wk · +0.7% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 4,679 | $1,068 | 5.29 | -0.3% |
| Retail trade | 1,098 | $614 | 1.03 | +0.5% |
| Accommodation and food services | 642 | $371 | 0.65 | +3.4% |
| Finance and insurance | 389 | $1,101 | 0.87 | -1.3% |
| Construction | 246 | $967 | 0.43 | +1.7% |
| Wholesale trade | 178 | $892 | 0.42 | -13.2% |
| Other services | 134 | $774 | 0.41 | -2.9% |
| Professional and technical services | 123 | $969 | 0.16 | +2.5% |
| Real estate and rental | 30 | $1,036 | 0.18 | +15.4% |
| Information | 26 | $1,322 | 0.13 | +0.0% |
| Arts, entertainment and recreation | 24 | $508 | 0.13 | +33.3% |
| Unclassified | 10 | $462 | 0.43 | +42.9% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.25)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35
Banks & federal dollars #
$892.3 m in deposits at 16 offices of 5 banks (SOD June 2026); HHI 3,505, highly concentrated. $182.0 m federal obligations in FY2026 (direct payments $167.1 m, grants $14.8 m), $16,561 per covered job
| Item | Value | Distance |
|---|---|---|
| CB&S Bank, Inc. | $479.8 m · 53.8% share · 6 offices | |
| Community Spirit Bank | $140.9 m · 15.8% share · 3 offices | |
| Valley State Bank | $139.4 m · 15.6% share · 3 offices | |
| Franklin, AL | $182.0 m FY2026 · $16,561/job | |
| MULTIPLE RECIPIENTS | $162.5 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| CB&S Bank, Inc. | $479,778,000 | 53.8% | 6 |
| Community Spirit Bank | $140,926,000 | 15.8% | 3 |
| Valley State Bank | $139,412,000 | 15.6% | 3 |
| Bank Independent | $87,191,000 | 9.8% | 3 |
| First Metro Bank | $45,028,000 | 5.0% | 1 |
Deposit concentration is 3,505 across 5 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 5 banks with deposits in the county = 53.8² + 15.8² + 15.6² + … (2 more) = 3,505
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $145,226,742 |
| Department of Veterans Affairs | $15,648,497 |
| Department of Transportation | $11,986,919 |
| Department of Housing and Urban Development | $4,542,105 |
| Department of Agriculture | $2,604,775 |
| Railroad Retirement Board | $1,659,248 |
| Department of Health and Human Services | $187,569 |
| Department of Defense | $117,584 |
| Federal Communications Commission | $70,234 |
| Department of Homeland Security | -$4,069 |
That is $16,561 per covered job, against 10,992 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $182.0 m / 10,992 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $16,561
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.28 | 2026-10-04 | -0.1% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-05 | +0.1% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 6.00 | 2026-09-22 | -14.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 6,830.00 | 2026-08-01 | +7.4% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -88,576.00 | 2026-07-01 | -24.4% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Franklin County, AL: 7 findings, 1 at a watch level and 6 noted
watchFranklin County, AL's typical home value is -2.5% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: home.yoyPct = -2.456093139363979 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteFranklin County, AL's average weekly wage was 1.8% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +1.8 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteFranklin County, AL's covered employment was 0.7% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +0.7 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
noteFranklin County, AL's typical home value rose 0.4% from $176,207 in July 2026 to $176,962 in August 2026, on Zillow ZHVI.
Period 2026-08.Show the arithmetic
- +0.4% = (176961.631938544 - 176207.45868184473) / 176207.45868184473 × 100
- 176961.631938544 = Zillow ZHVI, 2026-08
- 176207.45868184473 = Zillow ZHVI, 2026-07
noteFranklin County, AL's typical home value of -2.5% ranks 63rd of 67 Alabama counties, against a median of +2.2%.
Period 2026-08.Show the arithmetic
- 6 on the 0-to-100 scale across 67 Alabama counties that published home.yoyPct
position among the entities that published this metric this period; not an official level
Read all 7 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.