The housing market in Franklin, NY (13775) is thriving with a median value of $201,100. This is considerably lower than the US median house value of $338,100 and suggests that homes in this area are more affordable. In the past year, the appreciation rate for houses in Franklin was 8.92%, higher than the US rate of 8.27%. This indicates that there is strong demand for housing in this area, which may be driving prices up. In conclusion, Franklin appears to be a good option for those seeking an affordable home with potential to appreciate over time.
The median home cost in Franklin (zip 13775) is $201,100. Home appreciation the last 10 years has been 50.8%. Home Appreciation in Franklin (zip 13775) is up 14.8%.
Average Age of Homes
- The median age of Franklin (zip 13775) real estate is 70 years old
The Rental Market in Franklin (zip 13775)
- Renters make up 9.5% of the Franklin (zip 13775) population
- 1.6% of houses and apartments in Franklin (zip 13775), 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.