Franklin, WI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Franklin, WI 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 36,222 people, 13,393 houses or apartments, and a median cost of homes of $258,052, Franklin real estate is some of the most expensive in Wisconsin, although Franklin home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Franklin, accounting for 58.65% of the city's housing units. Other types of housing that are prevalent in Franklin include large apartment complexes or high rise apartments ( 24.24%), row houses and other attached homes ( 9.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Franklin. Owner-occupied housing accounts for 72.77% of Franklin's homes, and 59.83% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Franklin built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Franklin built between 2000 and later ( 22.81%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.13%). There's also some housing in Franklin built before 1939 ( 3.54%).

Franklin Home Appreciation Rates

Real estate appreciation rates in Franklin's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

NeighborhoodScout's data show that during the latest twelve months, Franklin's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Franklin's appreciation rate has been 1.02%, which annualizes to a rate of 4.13%.

Relative to Wisconsin, our data show that Franklin's latest annual appreciation rate is lower than 50% of the other cities and towns in Wisconsin.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Franklin differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Franklin - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Franklin real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$258,052

Franklin, WI HOME PRICES

Value Range
> $1,108,000 0.0
$831,001 - $1,108,000 1.0
$554,001 - $831,000 1.9
$444,001 - $554,000 4.0
$332,001 - $444,000 16.4
$222,001 - $332,000 39.7
$111,001 - $222,000 29.0
$55,001 - $111,000 4.4
$0 - $55,000 3.5

Very High for WI
High for Nation

Value Relative to Nation Value Relative to State
21.3523965779913 12.1149897330595

Number Of Homes And Apartments:
13,393

Franklin Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WI*
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
35.70% 1.79% 7 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,058 / per month

Homeownership Rate

Homeownership
Owners 72.77
Renters 27.23
Vacant 4.53

Housing Market Details

 

Age of Homes

AGE OF Franklin HOMES
2000 or Newer 22.8
1970 - 1999 56.5
1940 - 1969 17.1
1939 or Older 3.5

Types of Homes

TYPE OF Franklin HOMES
Single-Family 58.7
Townhomes 10.0
Small Apt. Buildings 5.8
Apt. Complexes 24.2
Mobile Homes 1.3
Other 0.1

Home Size

SIZE OF Franklin HOMES
No Bedroom 0.91
1 Bedroom 8.38
2 Bedrooms 29.02
3 Bedrooms 45.72
4 Bedrooms 14.11
5 or more bedrooms 1.86