Franklin township (Somerset County), NJ is a great place to live for prospective homeowners. The median value of housing in Franklin township is $438,300, which is significantly higher than the US median house value of $338,100. Moreover, the 1 year appreciation rate for housing in Franklin township is 11.09%, which is greater than the national average of 8.27%. This demonstrates that housing in Franklin township (Somerset County) has appreciated rapidly over the past year and could be a wise investment for potential homeowners.
The median home cost in Franklin township (Somerset County) is $438,300. Home appreciation the last 10 years has been 60.5%. Home Appreciation in Franklin township (Somerset County) is up 15.3%.
Average Age of Homes
- The median age of Franklin township (Somerset County) real estate is 32 years old
The Rental Market in Franklin township (Somerset County)
- Renters make up 26.4% of the Franklin township (Somerset County) population
- 0.1% of houses and apartments in Franklin township (Somerset 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.