Franklin, NH—03235
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin, NH
As of Oct '25, the median home price in Franklin, NH is $368,000, with a year-over-year change of 7.0%. This indicates that home prices in Franklin, NH are increasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 7.0% |
| Single Family | $369,000 | 7.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $277,000 | 10.8% |
2 Bed | $332,000 | 7.8% |
3 Bed | $378,000 | 6.8% |
4 Bed | $401,000 | 6.6% |
| 5 Bed | $427,000 | 5.2% |
% of Housing Stock
Rental Trends — Franklin, NH
As of July '25, Rentcast reports the average rent in Franklin, NH is $1,820, with a year-over-year rent change of 19.0%. Per bedroom, the median rent as of July '25 in Franklin, NH is studios: $1,400, 1-bedrooms: $1,350, 2-bedrooms: $1,780, 3-bedrooms: $2,100. The most common rental property sizes in Franklin, NH are 1-bedroom and 2-bedroom, accounting for 39.6% and 32.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,820 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $1,350 | $1,350 |
| 2 Bed Rent | $1,600 | $1,780 |
| 3 Bed Rent | $2,100 | $2,100 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklin, NH
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin, NH is 29. This is a increase of 8.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $416,000 | -2.0% |
Listing Count | 34 | 39.0% |
| Listings as % of Homes | 0.3% | 39.0% |
Days on Market | 29 | 8.0% |
Demographics — Franklin, NH
As of the latest ACS Survey released in 2023, Franklin, NH has a population of 8,840, which has increased by 1.7% over the past 5 years. Franklin, NH is a moderately popular place for families, as children make up 17.7% of the population. The area has a poorly educated workforce, with 19.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,840 | 1.7% |
% Under 18 | 17.7% | -6.3% |
% Seniors | 20.7% | 8.4% |
% WFH | 8.4% | 200.0% |
% w/ College Degree | 19.4% | 8.4% |
As of the latest ACS Survey released in 2023, Franklin, NH is a predominantly white area, with 94.3% of the population identifying as white. The white population has shrunk by 0.6% in the last 5 years. The second most common race or ethnicity in Franklin, NH is black, making up 0.3% of the population. Foreign-born residents account for 4.1% of the population in Franklin, NH, and this percentage has increased by 86.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.3% | -0.6% |
% Black | 0.3% | -57.1% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.2% | -71.4% |
% Foreign Born | 4.1% | 86.4% |
Mortgage and Risk — Franklin, NH
According to HUD data as of 2023, there were 161 mortgage originations in Franklin, NH, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Franklin, NH. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 161 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Franklin, NH
Franklin, NH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 290 |
Total Units Section 8 | 279 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$290 | $1,350 | $1,060 |
| 2 Bedroom | -$210 | $1,600 | $1,390 |
| 3 Bedroom | -$260 | $2,100 | $1,840 |
| 4 Bedroom | N/A | N/A | $1,840 |
Affordability — Franklin, NH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $368,000 |
| Median Household Income | $69,900 |