The housing market in Franklinville, NC is very strong. The median value of homes in the area is $187,200, which is much lower than the US median value of $338,100. Despite this difference, the 1 year house appreciation for Franklinville is higher than the national average at 16.98%, compared to 8.27% nationally. This indicates that home values in the area are increasing faster than the nationwide average and provides a good opportunity for potential homeowners to invest in real estate in Franklinville.
The median home cost in Franklinville is $187,200. Home appreciation the last 10 years has been 86.7%. Home Appreciation in Franklinville is up 23.2%.
Average Age of Homes
- The median age of Franklinville real estate is 46 years old
The Rental Market in Franklinville
- Renters make up 33.3% of the Franklinville population
- 1.6% of houses and apartments in Franklinville, 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.