Franklin, CT—06254
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin, CT
As of Oct '25, the median home price in Franklin, CT is $392,000, with a year-over-year change of 8.2%. This indicates that home prices in Franklin, CT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $392,000 | 8.2% |
| Single Family | $392,000 | 8.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $324,000 | 8.0% |
3 Bed | $384,000 | 8.2% |
4 Bed | $438,000 | 9.8% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Franklin, CT
Franklin, CT lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklin, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin, CT is 9. This is a decrease of -35.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 19.0% |
Listing Count | 2 | -67.0% |
| Listings as % of Homes | 0.5% | -67.0% |
Days on Market | 9 | -35.0% |
Demographics — Franklin, CT
As of the latest ACS Survey released in 2023, Franklin, CT has a population of 1,920, which has increased by 4.5% over the past 5 years. Franklin, CT is a popular place for families, as children make up 26.2% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,920 | 4.5% |
% Under 18 | 26.2% | 37.9% |
% Seniors | 17.8% | -8.2% |
% WFH | 6.2% | 106.7% |
% w/ College Degree | 28.9% | 7.8% |
As of the latest ACS Survey released in 2023, Franklin, CT is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 16.4% in the last 5 years. The second most common race or ethnicity in Franklin, CT is black, making up 5.6% of the population. Foreign-born residents account for 1.3% of the population in Franklin, CT, and this percentage has decreased by 56.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 78.2% | -16.4% |
% Black | 5.6% | 522.2% |
% Hispanic | 4.6% | 35.3% |
% Asian | 0.2% | -50.0% |
% Foreign Born | 1.3% | -56.7% |
Mortgage and Risk — Franklin, CT
According to HUD data as of 2023, there were 32 mortgage originations in Franklin, CT, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Franklin, CT. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 32 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 22.0% |
Loan Activity
Rentals and Section 8 — Franklin, CT
Franklin, CT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 1.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,170 |
| 2 Bedroom | N/A | N/A | $1,530 |
| 3 Bedroom | N/A | N/A | $2,020 |
| 4 Bedroom | N/A | N/A | $2,580 |
Affordability — Franklin, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $392,000 |
| Median Household Income | $100,000 |