Franklin Furnace, OH—45629

As of Aug '25, the median home price in Franklin Furnace, OH is $165,000, with a year-over-year change of 6.2%. This indicates that home prices in Franklin Furnace, OH are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Franklin Furnace, OH is 49. This is an increase of 72.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 67.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Franklin Furnace, OH in that year was 57. 84.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 62.0%. Of those, 28.0% were >90% loan to value. This is considered very high, suggesting that mortgage risk is large in Franklin Furnace, OH. Investor activity in Franklin Furnace, OH is low, as 0.0% of all loans are originated by investors. In 2023, 11.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.