Foreclosure Homes in Franklin Square, NY 11010

Current Market Conditions in Franklin Square, NY

The Franklin Square real estate market has been experiencing a steady increase in property values over the past several years, particularly as demand rises for suburban living amid changing lifestyle preferences. Buyers are increasingly attracted to the area for its good schools and community feel, contributing to competitive bidding situations for homes.

Currently, the market is characterized by a limited inventory of homes, which has put upward pressure on prices. As families continue to seek out spaces with more room for remote work and outdoor activities, Franklin Square remains a sought-after location due to its balance of suburban comfort and accessibility to urban amenities.

Rent Prices In Franklin Square, NY

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Square, NY, is on a rollercoaster ride. The average rent price in Franklin Square, NY, is $2,481.00. Indeed, when looking to rent in Franklin Square, NY, you can expect to pay as little as $1,190.00 or as much as $4,140.00, with the average rent median estimated to be $2,450.00. The good news is that finding an affordable and desirable property to rent in Franklin Square, 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.