The housing median value in Franklin (Merced County), CA is significantly lower than the US House Median Value at $266,700 compared to $338,100. However, even though the appreciation rate of houses in Franklin (Merced County), CA is lower than the US overall at 3.39%, it has still seen an increase of over 3% within one year. This could be a great opportunity for potential buyers to take advantage of the relatively lower home values and growth potential.
The median home cost in Franklin (Merced County) is $266,700. Home appreciation the last 10 years has been 187.4%. Home Appreciation in Franklin (Merced County) is up 11.1%.
Average Age of Homes
- The median age of Franklin (Merced County) real estate is 30 years old
The Rental Market in Franklin (Merced County)
- Renters make up 26.9% of the Franklin (Merced County) population
- 1.8% of houses and apartments in Franklin (Merced County), 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.