The housing market in 45005 Franklin, OH is performing well above the US average. The median house value in the area is $224,900, which is significantly lower than the US median of $338,100. Furthermore, the 1 year appreciation rate for houses in this area was 13.19%, which is higher than the US average of 8.27%. This demonstrates that investments into housing in this area can be expected to appreciate at a slightly higher rate than elsewhere in the country.
The median home cost in Franklin (zip 45005) is $224,900. Home appreciation the last 10 years has been 85.5%. Home Appreciation in Franklin (zip 45005) is up 17.8%.
Average Age of Homes
- The median age of Franklin (zip 45005) real estate is 49 years old
The Rental Market in Franklin (zip 45005)
- Renters make up 26.8% of the Franklin (zip 45005) population
- 2.0% of houses and apartments in Franklin (zip 45005), 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.