Franklin, MI Foreclosures
How much do homes sell for in Franklin, MI?
The average home price is currently $989,622.
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 $7,700,747.
What is currently the cheapest priced home in Franklin, MI?
The cheapest home for sale in Franklin is priced at $12,894.
Living in Franklin, MI
Franklin, a quaint village in Michigan, is known for its picturesque landscapes and historic architecture. With tree-lined streets and a close-knit community atmosphere, residents enjoy a peaceful lifestyle with easy access to both natural beauty and urban amenities. The village is home to charming shops, excellent schools, and numerous parks that enhance its appeal.
Current Market Conditions in Franklin, MI
The real estate market in Franklin, MI, has shown a steady increase in home prices, driven by its desirable location and community feel. Buyers are drawn to the area for its beautiful homes and excellent school district, maintaining competitive demand even in less favorable economic climates. As more families search for homes in suburban settings, the market remains robust with little inventory fluctuation.
Currently, the market is characterized by lower inventory levels due to heightened buyer interest. Homes are selling quickly, often above asking price, creating a dynamic environment where both buyers and sellers are actively engaging. Seasonal trends indicate that spring and summer see a notable uptick in real estate activities, highlighting Franklin's appeal.
Home Value Estimator For Franklin, MI
There are currently 1,310 real estate properties
in Franklin, MI,
with a median automated valuation model (AVM) price
of $849,904.00. 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 $989,622.00, with the most expensive house
in Franklin, MI, topping out
at $7,700,747.00 and the cheapest home
in Franklin, MI,
clocking in at $12,894.00. 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.
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