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Foreclosures in New Franklin, OH

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Living in New Franklin, OH

New Franklin, OH, is a peaceful suburban area that combines the charm of small-town living with easy access to outdoor recreational activities and urban amenities. Residents enjoy a strong sense of community, excellent schools, and a variety of nearby parks and lakes, making it an ideal place for families and outdoor enthusiasts alike.

Current Market Conditions in New Franklin, OH

The real estate market in New Franklin has shown steady growth over the past year, with a slight increase in home values due to the area's appealing lifestyle and amenities. This has drawn both first-time homebuyers and those looking to relocate for a quieter living environment.

Housing inventory in New Franklin remains relatively low, which contributes to the competitive nature of the market. Homes that are listed often receive multiple offers, indicating a strong demand for properties in this community.

Home Value Estimator For New Franklin, OH

There are currently 6,091 real estate properties in New Franklin, OH, with a median automated valuation model (AVM) price of $252,792.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Franklin, OH, 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 New Franklin, OH, is $299,078.00, with the most expensive house in New Franklin, OH, topping out at $3,100,000.00 and the cheapest home in New Franklin, OH, clocking in at $11,385.00. In other words, there’s something for every potential homebuyer or savvy investor in New Franklin, OH!

Rent Prices In New Franklin, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Franklin, OH, is on a rollercoaster ride. The average rent price in New Franklin, OH, is $1,337.00. Indeed, when looking to rent in New Franklin, OH, you can expect to pay as little as $620.00 or as much as $2,660.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in New Franklin, OH -- 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.

New Franklin, OH Foreclosures

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