Living in Franklin, MA
Franklin, MA is a picturesque town in Norfolk County, offering a blend of historical charm and modern amenities. The area caters to families with its highly-rated schools and abundant recreational facilities. Commuters will appreciate its convenient access to major highways and public transportation to Boston, making it an ideal suburban retreat.
Current Market Conditions in Franklin, MA
The current real estate market in Franklin, MA, is competitive, with a steady increase in home values as demand continues to grow. With a combination of desirable schools, community amenities, and a strong local economy, many families are seeking to buy homes in the area, contributing to the upward trend in prices and limited inventory.
Recent trends indicate that homes in Franklin typically sell quickly, often receiving multiple offers. This sellers' market reflects the area's popularity, making it a great time for investors to consider properties that may appreciate over time as demand remains high.
Home Value Estimator For Franklin, MA
There are currently 10,648 real estate properties
in Franklin, MA,
with a median automated valuation model (AVM) price
of $673,285.00. 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, MA, 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, MA,
is $721,573.00, with the most expensive house
in Franklin, MA, topping out
at $112,854,000.00 and the cheapest home
in Franklin, MA,
clocking in at $76,575.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, MA!
Rent Prices
In Franklin, MA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, MA, is on
a rollercoaster ride. The
average rent price in Franklin, MA,
is $2,164.00. Indeed, when looking to rent in
Franklin, MA, you can expect to pay as little
as $1,000.00 or as much
as $4,040.00,
with the average rent median estimated to
be $2,210.00. The good news is that finding
an affordable and desirable property to rent in Franklin, MA
-- 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.
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