New Franklin, OH is a great place to invest in housing. The median value of homes in the area is $204,800, which is significantly lower than the US median housing value of $338,100. This creates an opportunity for buyers to purchase a home at a more affordable rate. Additionally, house appreciation in New Franklin has grown at a faster rate than the national average over the last year - 11.15% versus 8.27%. This suggests that it is an excellent time to buy property in New Franklin as values are only likely to appreciate further in coming years.
The median home cost in New Franklin is $204,800. Home appreciation the last 10 years has been 79.7%. Home Appreciation in New Franklin is up 14.6%.
Average Age of Homes
- The median age of New Franklin real estate is 53 years old
The Rental Market in New Franklin
- Renters make up 9.3% of the New Franklin population
- 0.6% of houses and apartments in New 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.