Foreclosure Homes in Franklin, KY

Current Market Conditions in Franklin, KY

The real estate market in Franklin, KY has experienced steady growth over the past year, with home prices increasing due to rising demand and a limited inventory. The combination of its small-town charm and accessibility to larger cities continues to attract new residents looking for affordable options compared to surrounding metropolitan areas.

Currently, the economy in Franklin is strong, bolstered by many local businesses and a stable job market. This has led to an increase in homebuyers entering the market, pushing prices up slightly. However, the market remains competitive, and both buyers and investors are actively seeking opportunities.

Rent Prices In Franklin, KY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, KY, is on a rollercoaster ride. The average rent price in Franklin, KY, is $1,057.00. Indeed, when looking to rent in Franklin, KY, you can expect to pay as little as $450.00 or as much as $2,220.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Franklin, KY -- 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.