Home Values

Franklin County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$88,500

  • -1.2% 1-year change
  • None 1-year forecast

The median home value in Franklin County is $88,500. Franklin County home values have declined -1.2% over the past year. The median list price per square foot in Franklin County is $83, which is the same as the Malone Metro average of $83. The median price of homes currently listed in Franklin County is $129,900 while the median price of homes that sold is $95,600.

Foreclosures will be a factor impacting home values in the next several years. In Franklin County 2.2 homes are foreclosed (per 10,000). This is lower than the national value of 4.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Franklin County is 6.9%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Franklin County homeowners underwater on their mortgage is 13.1%.

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Relative ZHVI
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Franklin County Market Overview

Data through Oct 31, 2014
  • $88,500 ZHVI
  • No data 1-yr forecast
  • $129,900 Median listing price
  • $95,600 Median sale price
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Franklin County Market Health

Data through Oct 31, 2014
  • 4.1/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 13.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 6.9% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Franklin County
4.5 homes United States
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Cities in Franklin County

Name Median ZHVI
Harrietstown $215,600
Saranac Lake $125,800
Bellmont $101,300
Name Median ZHVI
Town of Tupper Lake $99,800
Bangor $79,000
Moira $68,500
Name Median ZHVI
Town of Malone $66,700
 
 

Listings & Sales

Data through Oct 31, 2014
  • $83 Median list price / sq ft
  • $71 Median sale price / sq ft
  • 29.2% Listings with price cut
18.6%
Sold below listing
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Franklin County Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $1,460 Franklin County
    $1,460 Malone Metro
    $1,337 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 0.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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