Franklin, MN Foreclosures
Current Market Conditions in in Franklin, MN As of February 2026?
Over the past month, real estate activity in Franklin has been noticeable, with different trends emerging. The average home price has seen a moderate rise as buyers rush to secure properties before prices increase further. Additionally, inventory levels are low, making it essential for buyers to act quickly when suitable properties become available. This increase in competition has also led to homes selling at or above asking price in some cases.
How much do homes sell for in Franklin, MN?
The average home price is currently $318,031.
In Franklin, MN, how many homes are available?
There are currently 1 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 $5,174,734.
What is currently the cheapest priced home in Franklin, MN?
The cheapest home for sale in Franklin is priced at $13,620.
Living in Franklin, MN
Franklin, Minnesota, is a small yet vibrant rural community that offers a peaceful lifestyle surrounded by nature. With a close-knit population, residents enjoy the charm of small-town living while being close to larger urban areas. The town provides essential amenities and recreational opportunities, making it an ideal place for families and retirees alike.
Buyer vs Seller Market in Franklin, MN
The real estate market in Franklin, MN, has been showing signs of growth with a steady increase in demand for homes. Buyers are attracted to the area due to its peaceful environment and affordability compared to larger urban settings. Homes for sale are typically met with interest, leading to quicker sales than in previous years.
In recent months, the market has seen a slight uptick in home prices, reflecting the slight increase in demand. Listings are being snapped up, which is encouraging potential sellers to put their homes on the market.
Home Value Estimator For Franklin, MN
There are currently 319 real estate properties
in Franklin, MN,
with a median automated valuation model (AVM) price
of $150,151.00. 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 $318,031.00, with the most expensive house
in Franklin, MN, topping out
at $5,174,734.00 and the cheapest home
in Franklin, MN,
clocking in at $13,620.00. 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.
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