Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 2,135 people, 877 houses or apartments, and a median cost of homes of $105,510, house prices in Franklinton are solidly below the national average.
Single-family detached homes are the single most common housing type in Franklinton, accounting for 77.96% of the town's housing units. Other types of housing that are prevalent in Franklinton include mobile homes or trailers ( 10.87%), duplexes, homes converted to apartments or other small apartment buildings ( 9.88%).
The most prevalent building size and type in Franklinton are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.32% owning and 39.68% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Franklinton's housing was primarily built during this period, from the '40s through the '60s. A full 44.66% of the town's housing hails from this era. Other housing ages represented in Franklinton include homes built between 1970-1999 ( 25.20%) and housing constructed before 1939 ( 17.00%). There's also some housing in Franklinton built between 2000 and later ( 13.14%).
Vacant housing appears to be an issue in Franklinton. Fully 13.34% of the housing stock is classified as vacant. Left unchecked, vacant Franklinton homes and apartments can be a drag on the real estate market, holding Franklinton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Franklinton's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Franklinton during the period has been just -0.89%, which is lower than 70% of US communities.
Over the last year, Franklinton appreciation rates have trailed the rest of the nation. In the last twelve months, Franklinton's appreciation rate has been -0.72%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Franklinton were at 2.42%, which equates to an annual appreciation rate of 10.04%.
Importantly, this makes Franklinton one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to North Carolina, our data show that Franklinton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.
|$798,001 - $1,064,000||1.5|
|$532,001 - $798,000||1.2|
|$426,001 - $532,000||1.1|
|$319,001 - $426,000||1.5|
|$213,001 - $319,000||7.9|
|$106,001 - $213,000||31.2|
|$53,001 - $106,000||28.8|
|$0 - $53,000||26.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Franklinton HOMES|
|2000 or Newer||13.1|
|1970 - 1999||25.2|
|1940 - 1969||44.7|
|1939 or Older||17.0|
|TYPE OF Franklinton HOMES|
|Small Apt. Buildings||9.9|
|SIZE OF Franklinton HOMES|
|5 or more bedrooms||2.87|