Franklin, MN Foreclosures
How much do homes sell for in Franklin, MN?
The average home price is currently $312,360.
In Franklin, MN, how many homes are available?
There are currently 21 active home listings available in Franklin.
What’s the average rental cost in Franklin, MN?
The average rental price in Franklin is $1,086.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $2,540,748.
What is currently the cheapest priced home in Franklin, MN?
The cheapest home for sale in Franklin is priced at $14,329.
Living in Franklin, MN
Franklin, MN, is a delightful small town known for its welcoming atmosphere and beautiful rural surroundings. Residents enjoy a blend of scenic outdoor activities and essential amenities, making it a great place for families and nature lovers. With a strong sense of community and quality educational institutions, Franklin is an inviting place to call home.
Current Market Conditions in Franklin, MN
The real estate market in Franklin, MN, has been relatively stable, showing a consistent demand for family homes. In recent months, there has been a slight increase in prices due to growing interest from buyers looking for affordable housing solutions outside larger urban areas. This trend indicates a healthy market for both sellers and buyers, as inventory levels remain reasonable, providing options for various budgets.
As the town continues to grow, developers and investors are showing interest in Franklin. This creates opportunities for new constructions and renovations that can enhance the housing market. Although home prices have experienced some upward pressure, the market still offers affordable options for first-time homebuyers.
Home Value Estimator For Franklin, MN
There are currently 307 real estate properties
in Franklin, MN,
with a median automated valuation model (AVM) price
of $147,484.00. 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, MN, 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, MN,
is $312,360.00, with the most expensive house
in Franklin, MN, topping out
at $2,540,748.00 and the cheapest home
in Franklin, MN,
clocking in at $14,329.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, MN!
Rent Prices
In Franklin, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, MN, is on
a rollercoaster ride. The
average rent price in Franklin, MN,
is $1,086.00. Indeed, when looking to rent in
Franklin, MN, you can expect to pay as little
as $720.00 or as much
as $1,760.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Franklin, MN
-- 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
