The housing market in Franklin, ME is thriving. The median value of a home in Franklin is $258,700, which is significantly lower than the US median value which stands at $338,100. In terms of appreciation, Franklin homes have appreciated 16.46% over the last year compared to the US average of 8.27%. This increase in value shows that Franklin houses are in high demand and that real estate investors and buyers alike are willing to pay a premium for quality homes in the area.
The median home cost in Franklin is $258,700. Home appreciation the last 10 years has been 82.1%. Home Appreciation in Franklin is up 20.6%.
Average Age of Homes
- The median age of Franklin real estate is 38 years old
The Rental Market in Franklin
- Renters make up 14.6% of the Franklin population
- 0.5% 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.