Home Values

Franklin 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

$186,800

  • 18.5% 1-year change
  • None 1-year forecast

The median home value in Franklin is $186,800. Franklin home values have gone up 18.5% over the past year. The median list price per square foot in Franklin is $96, which is lower than the Concord Metro average of $123. The median price of homes currently listed in Franklin is $145,000 while the median price of homes that sold is $153,059. The median rent price in Franklin is $795, which is lower than the Concord Metro median of $1,000.

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 is 5.6%, which is lower than the national value of 6.3%. 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 homeowners underwater on their mortgage is 25.5%.

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Relative ZHVI
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Franklin Market Overview

Data through Feb 28, 2015
  • $186,800 ZHVI
  • No data 1-yr forecast
  • $145,000 Median listing price
  • No recent data Median sale price
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Franklin Market Health

Data through Feb 28, 2015
  • No recent data
  • No data Average days on Zillow
  • 25.5% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 5.6% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)
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Nearby Cities

Name Median ZHVI
Canterbury $215,200
Sanbornton $194,900
Andover $180,600
Name Median ZHVI
Salisbury $180,400
Boscawen $178,800
Northfield $168,000
Name Median ZHVI
Hill $164,600
Tilton $145,100
Tilton-Northfield $131,200

Listings & Sales

Data through Feb 28, 2015
  • $96 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 13.8% Listings with price cut
33.3%
Sold below listing
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Franklin Rentals

Data through Feb 28, 2015
  • Zillow Rent Index

  • $1,220 Franklin
    $1,385 Concord Metro
    $1,355 United States

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

  • 2.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $795 Rent list price
  • $0.69 Rent list price / sq ft
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