Franklin, TX Foreclosures
How much do homes sell for in Franklin, TX?
The average home price is currently $393,892.
What’s the average rental cost in Franklin, TX?
The average rental price in Franklin is $1,612.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $7,592,007.
What is currently the cheapest priced home in Franklin, TX?
The cheapest home for sale in Franklin is priced at $22,737.
Living in Franklin, TX
Franklin, Texas is a charming small town located in the heart of the Brazos Valley, known for its friendly community and rich Texas history. With a slower pace of life and a picturesque countryside, it offers a mix of small-town charm and convenient access to nearby urban amenities. Residents enjoy an abundance of outdoor activities and a thriving local economy focused on agriculture and small businesses.
Current Market Conditions in Franklin, TX
The real estate market in Franklin, TX, is currently experiencing a steady upward trend with a limited inventory of homes for sale, contributing to the ongoing appreciation of property values. The demand for homes has been rising, especially among younger families and retirees seeking a slower-paced lifestyle away from the bigger cities. Interest rates remain favorable, allowing many buyers the opportunity to invest in real estate despite the competition.
Recently, there has been an increase in new construction projects intended to meet the demand for housing while maintaining the town's character and charm. Developers are building a mix of single-family homes and duplexes, targeting different demographic groups. As the town continues to grow, property appreciation rates are expected to increase further, leading to an active market that could benefit both buyers and sellers.
Home Value Estimator For Franklin, TX
There are currently 2,415 real estate properties
in Franklin, TX,
with a median automated valuation model (AVM) price
of $319,793.00. 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, TX, 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, TX,
is $393,892.00, with the most expensive house
in Franklin, TX, topping out
at $7,592,007.00 and the cheapest home
in Franklin, TX,
clocking in at $22,737.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, TX!
Rent Prices
In Franklin, TX
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, TX, is on
a rollercoaster ride. The
average rent price in Franklin, TX,
is $1,612.00. Indeed, when looking to rent in
Franklin, TX, you can expect to pay as little
as $650.00 or as much
as $2,880.00,
with the average rent median estimated to
be $1,590.00. The good news is that finding
an affordable and desirable property to rent in Franklin, TX
-- 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.
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