New Franklin, MO Housing

New Franklin, MO is a city with a strong housing market. The median value of homes in the area is $151,000, which is significantly lower than the US house median value of $338,100. Additionally, New Franklin's one year house appreciation rate is 10.77%, which is higher than the US' one year house appreciation rate of 8.27%. This indicates that housing prices in New Franklin have been increasing steadily over the past year. Therefore, New Franklin presents a great opportunity for potential buyers looking to invest in real estate or individuals looking to purchase a home at an affordable price.

The median home cost in New Franklin is $151,000. Home appreciation the last 10 years has been 67.1%. Home Appreciation in New Franklin is up 15.2%.

Average Age of Homes

- The median age of New Franklin real estate is 54 years old

The Rental Market in New Franklin

- Renters make up 33.6% of the New Franklin population
- 0.0% of houses and apartments in New 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	New Franklin, Missouri	United States
	468.0	139,647,020.0
	59	42
	$151,000	$338,100
	15.2%	16.6%
	47.5%	57.0%
	67.1%	101.1%
	$7.84	$10.98
	$914	$2,690
	50.2%	57.4%
	24.4%	11.2%
	25.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.5%	0.7%
	0.0%	0.4%
	0.0%	3.6%
	22.9%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	6.8%	2.4%
	9.8%	2.8%
	20.0%	3.9%
	19.6%	4.5%
	22.6%	11.3%
	11.5%	13.0%
	5.1%	20.1%
	0.0%	13.6%
	1.3%	8.3%
	1.7%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.6%	13.6%
	5.6%	13.6%
	1.7%	13.6%
	14.5%	13.2%
	13.0%	14.8%
	1.7%	13.6%
	17.7%	10.0%
	5.3%	4.7%
	23.5%	12.2%