The housing market in Franklin, LA County is quite different than the rest of the country. The median value of homes in Franklin is $92,000, which is much lower than the US median value of $338,100. This difference in housing prices can be seen in the appreciation rates as well. While the US had a 1 year house appreciation rate of 8.27%, Franklin's was only 0.86%. Homeowners in Franklin are far less likely to see sizeable returns on their investment like those who live elsewhere may experience.
The median home cost in Franklin County is $92,000. Home appreciation the last 10 years has been 40.1%. Home Appreciation in Franklin County is up 9.8%.
Average Age of Homes
- The median age of Franklin County real estate is 41 years old
The Rental Market in Franklin County
- Renters make up 25.0% of the Franklin County population
- 2.4% of houses and apartments in Franklin 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.