The housing market in Franklin, MI is performing well. With a median house value of $731,500, it is significantly higher than the US average of $338,100. The 1 year house appreciation rate in Franklin is 7.58%, slightly lower than the national average of 8.27%. This indicates that despite a slightly slower rate of growth, home values are still increasing in Franklin and will likely continue to do so in the future. This trend makes Franklin an attractive option for potential buyers looking for a desirable location to purchase real estate.
The median home cost in Franklin is $731,500. Home appreciation the last 10 years has been 116.4%. Home Appreciation in Franklin is up 10.8%.
Average Age of Homes
- The median age of Franklin real estate is 52 years old
The Rental Market in Franklin
- Renters make up 6.0% 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.