The housing market in Franklin, VA is on the rise. The median value of homes in this area is $209,200, which is significantly lower than the US median house value of $338,100. In the past year alone, there has been an 8.27% appreciation in US housing prices, while Franklin has seen a 12.84% increase in house values over the same period of time. This indicates that there are some great opportunities for potential buyers and investors to benefit from the current market conditions in Franklin.
The median home cost in Franklin is $209,200. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Franklin is up 18.6%.
Average Age of Homes
- The median age of Franklin real estate is 42 years old
The Rental Market in Franklin
- Renters make up 52.1% of the Franklin population
- 3.4% of houses and apartments in Franklin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.