Franklin Park, NJ is a desirable neighborhood with a housing median value of $295,900. This is significantly lower than the US house median value of $338,100. Despite this, Franklin Park has seen an impressive 10.79% appreciation in house values over the last year compared to the US average of 8.27%. This shows that Franklin Park is an attractive option for potential homeowners or those looking to invest in property.
The median home cost in Franklin Park is $295,900. Home appreciation the last 10 years has been 60.4%. Home Appreciation in Franklin Park is up 15.1%.
Average Age of Homes
- The median age of Franklin Park real estate is 28 years old
The Rental Market in Franklin Park
- Renters make up 39.8% of the Franklin Park population
- 0.5% of houses and apartments in Franklin Park, 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.