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Cheap Homes in Franklin, MI

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Franklin, MI Foreclosures

How much do homes sell for in Franklin, MI?
The average home price is currently $989,591.
In Franklin, MI, how many homes are available?
There are currently 2 active home listings available in Franklin.
What’s the average rental cost in Franklin, MI?
The average rental price in Franklin is $2,994.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $7,801,401.
What is currently the cheapest priced home in Franklin, MI?
The cheapest home for sale in Franklin is priced at $116,600.

Living in Franklin, MI

Franklin, Michigan is a picturesque village known for its beautiful landscapes, rich history, and strong community values. With tree-lined streets and a quaint downtown area, it offers a perfect blend of suburban charm and urban amenities. Families can enjoy local parks, top-rated schools, and a variety of nearby shops and restaurants.

Current Market Conditions in Franklin, MI

The real estate market in Franklin has shown stability over the past year, with a slight increase in home prices due to high demand and a limited inventory of homes. Buyers are attracted to the unique charm of the village and the quality of life it offers, contributing to a competitive market environment.

New construction is limited in this historic area, driving demand for existing homes, and many buyers are willing to pay top dollar for properties that embody the village's character. This has led to a healthy trend of appreciation over the last year.

Home Value Estimator For Franklin, MI

There are currently 1,285 real estate properties in Franklin, MI, with a median automated valuation model (AVM) price of $848,391.00. 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, MI, 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, MI, is $989,591.00, with the most expensive house in Franklin, MI, topping out at $7,801,401.00 and the cheapest home in Franklin, MI, clocking in at $116,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin, MI!

Rent Prices In Franklin, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, MI, is on a rollercoaster ride. The average rent price in Franklin, MI, is $2,994.00. Indeed, when looking to rent in Franklin, MI, you can expect to pay as little as $860.00 or as much as $4,300.00, with the average rent median estimated to be $2,970.00. The good news is that finding an affordable and desirable property to rent in Franklin, MI -- 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.

Cheap Homes in Franklin, MI

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