The housing in Franklin, LA is quite affordable compared to the national average. The median value of a home in Franklin, LA is $90,100, which is approximately 73% lower than the US median value of $338,100. Additionally, over the past year the appreciation rate on homes in Franklin has been 9.19%, slightly higher than the US one year appreciation rate of 8.27%. This indicates that people are continuing to invest in housing in the area and values are likely to remain stable or continue to increase.
The median home cost in Franklin is $90,100. Home appreciation the last 10 years has been 40.3%. Home Appreciation in Franklin is up 12.5%.
Average Age of Homes
- The median age of Franklin real estate is 47 years old
The Rental Market in Franklin
- Renters make up 36.1% of the Franklin population
- 6.8% 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.