Home Values

Franklin Square 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

$417,000

  • 4.0% 1-year change
  • -0.1% 1-year forecast

The median home value in Franklin Square is $417,000. Franklin Square home values have gone up 4.0% over the past year and Zillow predicts they will fall -0.1% within the next year. The median list price per square foot in Franklin Square is None.

Foreclosures will be a factor impacting home values in the next several years. In Franklin Square 0.9 homes are foreclosed (per 10,000). This is lower than the New York Metro value of 2.0 and also lower than the national value of 3.5

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 Square is 15.3%, which is higher than the national value of 6.0%. 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 Square homeowners underwater on their mortgage is 5.2%, which is lower than New York Metro at 12.4%.

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Relative ZHVI
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Franklin Square Market Overview

Data through May 31, 2015
  • $417,000 ZHVI
  • -0.1% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $433,882 Median sale price
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Franklin Square Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 5.2% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 15.3% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)

Homes foreclosed (per 10,000)

0.9 homes(Apr 30, 2015) Franklin Square
2 homes New York Metro
3.5 homes United States
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Nearby Cities

Name Median ZHVI
Garden City $783,600
Floral Park $504,000
Stewart Manor $473,500
Name Median ZHVI
Garden City South $465,100
New Hyde Park $464,900
Lynbrook $389,400
Name Median ZHVI
Malverne $388,600
West Hempstead $369,600
Elmont $321,300

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $294 Median sale price / sq ft
  • No data Listings with price cut
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Franklin Square Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $2,521 Franklin Square
    $2,357 New York Metro
    $1,367 United States

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

  • 3.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • No data Rent list price / sq ft
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