Franklin, NH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Franklin Neighborhoods Since 2000




Franklin, NH Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Franklin Housing Market Information

With a population of 8,450, 3,435 total housing units (homes and apartments), and a median house value of $168,720, Franklin real estate values are some of the lowest in New Hampshire, although compared to real estate around the nation, Franklin homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Franklin, accounting for 54.75% of the city's housing units. Other types of housing that are prevalent in Franklin include duplexes, homes converted to apartments or other small apartment buildings ( 23.66%), large apartment complexes or high rise apartments ( 17.50%), and a few mobile homes or trailers ( 3.48%).

The most prevalent building size and type in Franklin are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.96% owning and 43.04% renting.

The housing in Franklin was primarily built before 1939 ( 42.79%), making the housing stock in Franklin some of the oldest overall in America, although there is a range of ages of homes in Franklin. The next most important housing age is between 1970-1999 ( 29.27%), followed by between 1940-1969 ( 20.73%). There's also some housing in Franklin built between 2000 and later ( 7.21%).

Vacant housing appears to be an issue in Franklin. Fully 14.64% of the housing stock is classified as vacant. Left unchecked, vacant Franklin homes and apartments can be a drag on the real estate market, holding Franklin 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.

Franklin Home Appreciation Rates

Homes have actually lost value in Franklin over the last then years, as home values have seen a decline of 19.20% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Franklin home appreciation rates at -0.46%, which equates to an annual appreciation rate of -1.83%.

NeighborhoodScout's data show that during the latest twelve months, Franklin's appreciation rate, at 5.13%, has been at or slightly above the national average. In the latest quarter, Franklin's appreciation rate has been -0.46%, which annualizes to a rate of -1.83%.

Relative to New Hampshire, our data show that Franklin's latest annual appreciation rate is higher than 80% of the other cities and towns in New Hampshire.

Average Home Values

 

Median Home Value:
$168,720

Franklin, NH HOME PRICES

Value Range
> $1,103,000 0.0
$827,001 - $1,103,000 0.0
$551,001 - $827,000 0.0
$441,001 - $551,000 1.3
$331,001 - $441,000 6.7
$220,001 - $331,000 18.8
$110,001 - $220,000 60.9
$55,001 - $110,000 6.2
$0 - $55,000 6.1

Very Low for NH
Average for Nation

Value Relative to Nation Value Relative to State
42.0719559357787 90.4458598726115

Number Of Homes And Apartments:
3,435

Franklin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NH*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
37.22% 1.85% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 56.96
Renters 43.04
Vacant 14.64

Housing Market Details

 

Age of Homes

AGE OF Franklin HOMES
2000 or Newer 7.2
1970 - 1999 29.3
1940 - 1969 20.7
1939 or Older 42.8

Types of Homes

TYPE OF Franklin HOMES
Single-Family 54.7
Townhomes 0.6
Small Apt. Buildings 23.7
Apt. Complexes 17.5
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Franklin HOMES
No Bedroom 0.17
1 Bedroom 19.33
2 Bedrooms 25.22
3 Bedrooms 37.05
4 Bedrooms 13.20
5 or more bedrooms 5.02