Franklin, AL Foreclosures
How much do homes sell for in Franklin, AL?
The average home price is currently $165,165.
In Franklin, AL, how many homes are available?
There are currently 3 active home listings available in Franklin.
What’s the average rental cost in Franklin, AL?
The average rental price in Franklin is $873.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $5,367,853.
What is currently the cheapest priced home in Franklin, AL?
The cheapest home for sale in Franklin is priced at $25,466.
Living in Franklin, AL
Franklin, Alabama, is a quaint rural town nestled in the heart of the state, known for its rich history and close-knit community. With stunning landscapes and friendly locals, Franklin offers a peaceful escape from the hustle and bustle of city life. Residents enjoy a slower lifestyle characterized by warm hospitality, outdoor activities, and seasonal festivals.
Current Market Conditions in Franklin, AL
The real estate market in Franklin is currently seeing a steady increase in home values, as demand outpaces supply. Recent trends suggest that more buyers are seeking out rural properties for their affordability and space. The overall market remains competitive, with homes selling fairly quickly, particularly those with larger lots or close proximity to local amenities.
Over the past year, Franklin has witnessed a noticeable shift in the market, with a growing number of families and individuals moving into the area. This influx has helped stabilize property prices and increase buyer interest, signaling a robust future for real estate investment.
Home Value Estimator For Franklin, AL
There are currently 370 real estate properties
in Franklin, AL,
with a median automated valuation model (AVM) price
of $114,888.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Franklin, AL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Franklin, AL,
is $165,165.00, with the most expensive house
in Franklin, AL, topping out
at $5,367,853.00 and the cheapest home
in Franklin, AL,
clocking in at $25,466.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, AL!
Rent Prices
In Franklin, AL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, AL, is on
a rollercoaster ride. The
average rent price in Franklin, AL,
is $873.00. Indeed, when looking to rent in
Franklin, AL, you can expect to pay as little
as $520.00 or as much
as $1,900.00,
with the average rent median estimated to
be $880.00. The good news is that finding
an affordable and desirable property to rent in Franklin, AL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
