Foreclosures in Franklin, NJ 07416

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.

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.