Home Values

New 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

$128,000

  • -0.5% 1-year change
  • 2.6% 1-year forecast

The median home value in New Franklin is $128,000. New Franklin home values have declined -0.5% over the past year and Zillow predicts they will rise 2.7% within the next year. The median list price per square foot in New Franklin is None.

Foreclosures will be a factor impacting home values in the next several years. In New Franklin 3.6 homes are foreclosed (per 10,000). This is lower than the Akron Metro value of 4.9 and also lower than the national value of 3.9

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 New Franklin is 3.5%, 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 New Franklin homeowners underwater on their mortgage is 15.1%, which is lower than Akron Metro at 19.1%.

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Relative ZHVI
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New Franklin Market Overview

Data through Apr 30, 2015
  • $128,000 ZHVI
  • 2.6% 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
    (Apr 30, 2016)
  • No data Median listing price
  • No recent data Median sale price
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New Franklin Market Health

Data through Apr 30, 2015
  • No recent data Stable
  • No data Average days on Zillow
  • 15.1% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 3.5% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

3.6 homes New Franklin
4.9 homes Akron Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Green $152,000
Canal Fulton $125,700
North Lawrence $119,900
Name Median ZHVI
Norton $119,600
Clinton $109,700
Portage Lakes $105,300
Name Median ZHVI
Massillon $99,100
Barberton $71,300
Akron $62,000

Listings & Sales

  • No data
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New Franklin Rentals

Data through Apr 30, 2015
  • Zillow Rent Index

  • $1,176 New Franklin
    $1,089 Akron Metro
    $1,364 United States

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

  • 1.9 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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