New Franklin, OH Foreclosures
How much do homes sell for in New Franklin, OH?
The average home price is currently $299,089.
In New Franklin, OH, how many homes are available?
There are currently 7 active home listings available in New Franklin.
What’s the average rental cost in New Franklin, OH?
The average rental price in New Franklin is $1,337.
What is the most expensive home in New Franklin?
The most expensive home sold in New Franklin had a price of $3,043,700.
What is currently the cheapest priced home in New Franklin, OH?
The cheapest home for sale in New Franklin is priced at $11,472.
Living in New Franklin, OH
New Franklin, OH, is a charming suburban city that combines a close-knit community atmosphere with the beauty of nature. Residents appreciate the city's excellent schooling options and numerous parks perfect for outdoor activities. The welcoming environment makes it an ideal place for families, young professionals, and retirees alike.
Current Market Conditions in New Franklin, OH
The real estate market in New Franklin, OH, has shown steady growth, with a notable increase in home values over the past few years. The area remains attractive to families and retirees looking for affordable housing in a peaceful environment. As a result, new developments are emerging, reflecting a growing demand for homes in the region.
Currently, the real estate inventory in New Franklin is relatively low, which has led to competitive bidding on homes. Prices have been rising as buyers are drawn to the area's charm, spacious properties, and proximity to Akron and other larger cities. As demand continues to increase, prospective buyers should be prepared for potential bidding wars on desirable properties.
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 $252,837.00. 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 $299,089.00, with the most expensive house
in New Franklin, OH, topping out
at $3,043,700.00 and the cheapest home
in New Franklin, OH,
clocking in at $11,472.00. 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.
Learn more on Foreclosure homes
