The housing market in Franklin township (Gloucester County), NJ is quite strong. The median value of homes is currently $286,900, which is significantly lower than the US median value of $338,100. Despite this, the 1 year house appreciation rate in Franklin township (Gloucester County), NJ is 10.59%, which is higher than the national average of 8.27%. This shows that the local housing market in Franklin township (Gloucester County), NJ is healthy and growing at a steady pace. Investing in real estate here could be a wise decision for those looking to take advantage of current values and future appreciation rates.
The median home cost in Franklin township (Gloucester County) is $286,900. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Franklin township (Gloucester County) is up 17.5%.
Average Age of Homes
- The median age of Franklin township (Gloucester County) real estate is 38 years old
The Rental Market in Franklin township (Gloucester County)
- Renters make up 10.3% of the Franklin township (Gloucester County) population
- 0.4% of houses and apartments in Franklin township (Gloucester 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.