Why Live in Franklin
Franklin, a neighborhood in Norwich, offers a mix of suburban homes and historic properties. Most homes are ranch-style or raised ranches on half-acre lots, featuring open floor plans and attached garages. Colonial homes, some dating back to the 1800s, are also available, providing spacious living for larger families. Farmhouses with extensive acreage and facilities for horses are another option. The area features several parks, including Giddings Park with tennis courts and Franklin Veteran’s Park with a baseball diamond. Ayers Gap offers a rugged nature preserve with waterfalls and hiking trails, while the nearby Sprague Land Preserve provides 11 miles of trails for hiking and mountain biking. Dining options along Route 32 include Emely’s Pizza, Meyer’s Crazy Hollow Creamery, and Egg and Cheese. Local museums like the Ashbel Woodward Museum and Blue Slope County Museum offer historical insights and events. Franklin Elementary, a highly rated PK-8 school, serves the neighborhood and has received accolades for its academic achievements. For high school, students can attend nearby schools such as Norwich Technical High School. The Connecticut Renaissance Faire and a local farmers market in Lebanon, 7 miles away, provide additional community activities. Residents typically rely on cars for transportation, with the nearest Amtrak station 20 miles south in New London and airports 50 miles away in Hartford and Providence.
Frequently Asked Questions
What is the average home price in Franklin, CT?
Homes for sale in Franklin, CT have an average home price of $441,290.
How many homes have sold over the last 12 months in Franklin, CT?
10 homes have sold in Franklin, CT over the last 12 months.
What are the most popular zip codes in Franklin, CT?
How much do you need to make to afford a house in Franklin?
The median home price in Franklin is $370,000. If you put a 20% down payment of $74,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,920 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $82K a year to afford the median home price in Franklin.
How are the schools in Franklin, CT?
Home Trends in Franklin, CT
On average, homes in Franklin, CT sell after 48 days on the market compared to the national average of 50 days. The median sale price for homes in Franklin, CT over the last 12 months is $385,000, up 31% from the median home sale price over the previous 12 months.
Median Sale Price
$385,000
Median Single Family Sale Price
$385,000
Average Price Per Sq Ft
$254
Last 12 months Home Sales
10
Median List Price
$370,000
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
31%