Franktown, NV—89704
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franktown, NV
As of Oct '25, the median home price in Franktown, NV is $695,000, with a year-over-year change of 0.6%. This indicates that home prices in Franktown, NV are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $695,000 | 0.6% |
| Single Family | $700,000 | -0.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $511,000 | 0.4% |
3 Bed | $646,000 | -1.1% |
4 Bed | $982,000 | 0.8% |
| 5 Bed | $1,422,000 | 1.9% |
% of Housing Stock
Rental Trends — Franktown, NV
As of July '25, Rentcast reports the average rent in Franktown, NV is $2,000, with a year-over-year rent change of -42.5%. Per bedroom, the median rent as of July '25 in Franktown, NV is 3-bedrooms: $2,000. The most common rental property sizes in Franktown, NV are 3-bedroom and 2-bedroom, accounting for 60.4% and 39.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,000 | $2,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franktown, NV
As of Oct '25, Realtor.com reports that the median days on market for a home in Franktown, NV is 99. This is a decrease of -8.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,320,000 | -31.0% |
Listing Count | 21 | -15.0% |
| Listings as % of Homes | 1.2% | -15.0% |
Days on Market | 99 | -8.0% |
Demographics — Franktown, NV
As of the latest ACS Survey released in 2023, Franktown, NV has a population of 4,840, which has increased by 28.1% over the past 5 years. Franktown, NV is a less popular place for families, as children make up 12.9% of the population. The area has a moderately educated workforce, with 25.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,840 | 28.1% |
% Under 18 | 12.9% | 84.3% |
% Seniors | 33.9% | 6.9% |
% WFH | 12.3% | 21.8% |
% w/ College Degree | 25.5% | -17.2% |
As of the latest ACS Survey released in 2023, Franktown, NV is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 9.4% in the last 5 years. The second most common race or ethnicity in Franktown, NV is hispanic, making up 4.1% of the population. Foreign-born residents account for 1.1% of the population in Franktown, NV, and this percentage has decreased by 74.4% 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 | 83.5% | -9.4% |
% Black | 0.1% | -94.7% |
% Hispanic | 4.1% | 5.1% |
% Asian | 0.6% | -50.0% |
% Foreign Born | 1.1% | -74.4% |
Mortgage and Risk — Franktown, NV
According to HUD data as of 2023, there were 102 mortgage originations in Franktown, NV, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Franktown, NV. Investor activity is low, as 1.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 102 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 1.0% |
% Second Loans | 4.0% |
% Cash Out Refinance | 5.0% |
Loan Activity
Rentals and Section 8 — Franktown, NV
Franktown, NV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,140 |
| 2 Bedroom | N/A | N/A | $1,430 |
| 3 Bedroom | $10 | $2,000 | $2,010 |
| 4 Bedroom | N/A | N/A | $2,410 |
Affordability — Franktown, NV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.9 |
| Median Home Price | $695,000 |
| Median Household Income | $110,000 |