Commercial Foreclosures in Franklin, NJ

Current Market Conditions in Franklin, NJ

The real estate market in Franklin, NJ is currently stable, with a healthy mix of single-family homes and townhouses. The average home price has shown modest growth over the past few years, indicating a steady interest from homebuyers seeking a tranquil setting close to nature.

There is a growing trend towards homes with larger yards and more outdoor space, reflecting a shift in buyer preferences post-pandemic. The demand for affordable housing has also led to an uptick in new developments, aimed at first-time homebuyers.

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.