New Franklin, MO—65274
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — New Franklin, MO
As of Oct '25, the median home price in New Franklin, MO is $184,000, with a year-over-year change of 2.1%. This indicates that home prices in New Franklin, MO 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 | $184,000 | 2.1% |
| Single Family | $184,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $199,000 | 2.1% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — New Franklin, MO
New Franklin, MO 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 — New Franklin, MO
As of Oct '25, Realtor.com reports that the median days on market for a home in New Franklin, MO is 23. This is a decrease of -64.0% 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 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $419,000 | -14.0% |
Listing Count | 4 | -50.0% |
| Listings as % of Homes | 0.1% | -50.0% |
Days on Market | 23 | -64.0% |
Demographics — New Franklin, MO
As of the latest ACS Survey released in 2023, New Franklin, MO has a population of 1,890, which has increased by 2.7% over the past 5 years. New Franklin, MO is a moderately popular place for families, as children make up 21.1% of the population. The area has a moderately educated workforce, with 29.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,890 | 2.7% |
% Under 18 | 21.1% | -14.6% |
% Seniors | 23.8% | 34.5% |
% WFH | 8.3% | 93.0% |
% w/ College Degree | 29.6% | 35.2% |
As of the latest ACS Survey released in 2023, New Franklin, MO is a predominantly white area, with 83.5% of the population identifying as white. The white population has shrunk by 12.6% in the last 5 years. The second most common race or ethnicity in New Franklin, MO is black, making up 2.3% of the population. Foreign-born residents account for 0.0% of the population in New Franklin, MO, and this percentage has decreased by 100.0% 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% | -12.6% |
% Black | 2.3% | 64.3% |
% Hispanic | 0.2% | -90.9% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.0% | -100.0% |
Mortgage and Risk — New Franklin, MO
According to HUD data as of 2023, there were 72 mortgage originations in New Franklin, MO, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in New Franklin, MO. Investor activity is low, as 8.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 72 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 8.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — New Franklin, MO
New Franklin, MO lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 6.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $630 |
| 2 Bedroom | N/A | N/A | $820 |
| 3 Bedroom | N/A | N/A | $990 |
| 4 Bedroom | N/A | N/A | $1,220 |
Affordability — New Franklin, MO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $184,000 |
| Median Household Income | $80,900 |