Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the New Franklin area can be challenging. Home prices in New Franklin are now at a median cost of $179,176, lower than the Ohio average of $181,280.
The average cost of rent is $986/mo in New Franklin, primarily driven by the current value of real estate in the New Franklin area. While nearly 42.37% of residents own their homes outright in New Franklin, 12.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Franklin is $7,039 per month. Households that rent pay about 14.00% of their income on rent here. New Franklin's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
- Clinton, OH: equally priced homes
- Portage Lakes, OH: less expensive homes
- Barberton, OH: less expensive homes
- Canal Fulton, OH: equally priced homes
- Green, OH: higher priced homes
- Warwick, OH: higher priced homes
- Doylestown, OH: equally priced homes
- Norton, OH: less expensive homes
- Akron, OH: equally priced homes
- Lakemore, OH: less expensive homes
Cities with Similar Populations
- Storrs, CT: higher priced homes
- East Milton, FL: less expensive homes
- East Syracuse, NY: less expensive homes
- Eaton, OH: less expensive homes
- Eatontown, NJ: higher priced homes
- Edgewood, WA: higher priced homes
- Espanola, NM: equally priced homes
- Spring Lake, MI: higher priced homes
- Springdale, NJ: higher priced homes
- St. Ann, MO: less expensive homes
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