Housing in Franklin, MO County is quite remarkable with the median value being $222,900 and a 1 year appreciation of 10.38%. This appreciation percentage is higher than the national average of 8.27%, showing that there is significant demand for housing in this area. This speaks to how appealing the area itself is, driving up prices and making it an attractive place to live. The median value itself is also significantly lower than the national median value of $338,100, making housing more affordable here for those looking to buy a home or invest in real estate.
The median home cost in Franklin County is $222,900. Home appreciation the last 10 years has been 70.0%. Home Appreciation in Franklin County is up 15.0%.
Average Age of Homes
- The median age of Franklin County real estate is 36 years old
The Rental Market in Franklin County
- Renters make up 22.3% of the Franklin County population
- 1.3% 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.