The housing market in Franklin, AZ is booming. The median value for homes in the area is $119,800, which is far lower than the US median value of $338,100. Furthermore, while the US experienced a 1 year appreciation rate of 8.27%, housing in Franklin experienced a whopping 14.29% increase over the same period. This shows that real estate investment in Franklin can be highly profitable and provides an excellent opportunity for anyone looking to purchase a home in the area.
The median home cost in Franklin is $119,800. Home appreciation the last 10 years has been 138.7%. Home Appreciation in Franklin is up 18.9%.
Average Age of Homes
- The median age of Franklin real estate is 33 years old
The Rental Market in Franklin
- Renters make up 21.7% of the Franklin population
- 0.0% 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.