Foreclosures in New Franklin, OH

Home Value Estimator For New Franklin, OH

There are currently 5,551 real estate properties in New Franklin, OH, with a median automated valuation model (AVM) price of $233,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Franklin, OH, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in New Franklin, OH, is $268,892.00, with the most expensive house in New Franklin, OH, topping out at $3,100,000.00 and the cheapest home in New Franklin, OH, clocking in at $32,200.00. In other words, there’s something for every potential homebuyer or savvy investor in New Franklin, OH!

Rent Prices In New Franklin, OH

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Franklin, OH, is on a rollercoaster ride. The average rent price in New Franklin, OH, is $1,338.00. Indeed, when looking to rent in New Franklin, OH, you can expect to pay as little as $620.00 or as much as $2,660.00, with the average rent median estimated to be $1,300.00. The good news is that finding an affordable and desirable property to rent in New Franklin, OH -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Foreclosure Homes in New Franklin, OH

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the New Franklin, OH area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in New Franklin, OH and much more. Save thousands at closing with home foreclosure listings in New Franklin, OH — up to 75% off market value!

Top Reasons To Live In New Franklin, OH In 2023

New Franklin is located in Summit, Ohio, with an estimated municipal population of 14,133 residents. All of the best foreclosed homes for sale in New Franklin are located in the following zip code areas on Foreclosure.com: 44203 44319 44216. The estimated population per square kilometer (.62 miles) in New Franklin is 218.

Cost Of Living In New Franklin, OH

So, about how much do homes cost in New Franklin? The most recent median value of resident-owned homes in New Franklin is 149,556. An estimated 89.7 percent of households in New Franklin own their homes, with an average family size of 2.98. The median household income in New Franklin is 72,866, with29 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New Franklin, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in New Franklin? If so, the average rent price paid by renters in New Franklin is 878, according to recent statistics.

Diversity And Demographics In New Franklin, Ohio

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to New Franklin, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in New Franklin is 47.7, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in New Franklin is 59.3, with an average family size of 2.98.

The percentage of residents who report their race in New Franklin is as follows:

Looking for family-friendly neighborhoods in and/or near New Franklin? Or maybe you are searching for 55+ active adult communities in and/or near New Franklin?

The percentage of residents who report their age in New Franklin is as follows:

Best Schools In New Franklin, Ohio

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in New Franklin with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in New Franklin.

Pros And Cons Of Living In New Franklin, Ohio

How do you know that living in -- or moving to -- New Franklin is right where you need to be? Perhaps you grew up in New Franklin or already live nearby; therefore, the decision to buy a home in New Franklin is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to New Franklin for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in New Franklin:

• What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
• What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
• What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
• What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like New Franklin.

Reasons To Move To New Franklin, Ohio, In 2023

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in New Franklin can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in New Franklin, meanwhile, can field multiple offers from more qualified buyers.