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Foreclosures in Franklin, NJ 07416

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Living in Franklin, NJ

Franklin, NJ, is a charming suburban town in Sussex County, known for its community spirit and picturesque landscapes. It offers various outdoor activities, great schools, and convenient access to amenities, making it an ideal place for families and investors looking for growth opportunities in real estate.

Current Market Conditions in Franklin, NJ

The real estate market in Franklin is currently competitive, with a steady increase in home values over the past few years. This upward trend is attributed to the town's natural beauty, quality schools, and attractions that draw new residents.

Investors can expect a mix of family homes and investment properties with a solid rental demand. With ongoing development planned in the area, many believe Franklin is a promising market for long-term real estate investments.

Home Value Estimator For Franklin, NJ

There are currently 1,870 real estate properties in Franklin, NJ, with a median automated valuation model (AVM) price of $351,000.00. 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, NJ, 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, NJ, is $373,470.00, with the most expensive house in Franklin, NJ, topping out at $3,982,500.00 and the cheapest home in Franklin, NJ, clocking in at $23,636.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin, NJ!

Rent Prices In Franklin, NJ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, NJ, is on a rollercoaster ride. The average rent price in Franklin, NJ, is $1,736.00. Indeed, when looking to rent in Franklin, NJ, you can expect to pay as little as $1,200.00 or as much as $2,940.00, with the average rent median estimated to be $1,710.00. The good news is that finding an affordable and desirable property to rent in Franklin, NJ -- 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.

Franklin, NJ 07416 Foreclosures


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