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Franklin Multi-Family Homes

Franklin, located in Norfolk County, is the home of the first public library in the country. The library still has the books donated by Benjamin Franklin. This is a safe, walkable, family-friendly city with fun activities available around town daily. The city has athletic programs for children, parks and other outdoor activities, a great recreation department, and a library with plenty of activities. There are also organizations for adults that offer activities and opportunities to socialize. The city has a variety of restaurants for residents to enjoy. The city includes these neighborhoods that are among the most expensive and popular neighborhoods in the city with the highest appreciation rates.

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Of the 11,191 housing units, 78.1-percent are owner-occupied with a median home value of $469,012. The appreciation rate has risen 58.0-percent averaging 2.57-percent per year. Over half of the homes in this city were built between 1970 and 1999 with 11.4-percent built before 1939, 21.2-percent built between 1940 and 1969, 54.1-percent built between 1970 and 1999, and 13.3-percent built since 2000. The housing units are 68.0-percent single family housing 6.9-percent townhomes, 9.1-percent small apartment buildings, and 16.0-percent apartment complexes. The median rent is $1,740 per month.

With a population of 33,150, the city is comprised of a workforce that includes 88.51-percent white-collar workers. More of these workers are employed in the areas of mathematics and computers than 95-percent of the cities nationwide. Among the residents, 48.23-percent have a bachelor's degree or higher. The average daily commute to work is 34.25 minutes. However, residents can use the MBTA commuter rail system or the Greater Attleboro Taunton Regional Transit Authority (GATRA). According to the 2010 census, the per capita income was $46,982, and the median household income was $108,815.

This information will give you a good base to start analyzing investment property in the city but hiring a knowledgeable and experienced real estate agent will beneficial. You can use their additional knowledge to make a decision that will ensure that your purchase and future ownership are a positive experience. Local real estate agents know the area, the current market, and potential changes in the market. They can help you choose properties that should give you the highest return on your investment with the potentially highest occupancy rate. They can provide information on any zoning restrictions, possible development in the area, and other information that is not always public knowledge. With their knowledge of the local market, a real estate agent can also help you in making an offer and negotiating a price so that you stand the best chance of obtaining the property quickly over other potential buyers without paying too much. Hiring a real estate agent to act as a buyer representative for you provides you with a partner to ensure your success in the purchasing process.

If you have multi-family housing in this city that you want to sell, hiring an experienced and knowledgeable real estate agent will help ensure that you sell your property at a good price quickly. An agent will know the current market trends and can advise you if this is a good time to sell. They can help you create a marketing plan and advise you on a price that will attract buyers but will give you room to negotiate. They will help qualify buyers so that you do not select a buyer who has to delay or even default on the closing. Besides losing the opportunity for a quick sale, you could lose another potential buyer by selecting the wrong buyer the first time. Hiring a real estate agent to act as your seller's agent will help you sell your property quickly and at a good price.

For the most successful outcome, contact us to buy or list a multi-family property in Franklin.

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