Condo Foreclosures in Franklin, NY

Current Market Conditions in Franklin, NY

Franklin's real estate market has shown resilience over the past year, with home values increasing steadily due to a combination of low inventory and high demand for rural properties. This trend has been fueled by the growing interest in remote living as families seek more space and a connection to nature, particularly in the aftermath of urban exoduses during the pandemic.

As of October 2023, homes in Franklin are drawing attention from both local buyers and those from urban areas looking for a weekend retreat or permanent residence away from crowded settings. The market remains competitive, with properties often selling quickly, particularly those that are well-maintained or recently renovated.

Rent Prices In Franklin, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, NY, is on a rollercoaster ride. The average rent price in Franklin, NY, is $1,423.00. Indeed, when looking to rent in Franklin, NY, you can expect to pay as little as $850.00 or as much as $3,590.00, with the average rent median estimated to be $1,450.00. The good news is that finding an affordable and desirable property to rent in Franklin, NY -- 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.