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Franklin

Franklin

Located in Merrimack County

$498,426 Average Value
$276 Average Price per Sq Ft
30 Homes For Sale

A small city with a bright, big future

Franklin is one of the smallest cities in New Hampshire, and its history as a mill town is evident along Winnipesaukee's growing riverfront. The city’s iconic “upside-down” Sulphite Railroad Bridge stretches across the river and was used to carry the Boston and Maine Railroad tracks in the late 1890s. The city is also home to Daniel Webster’s birthplace, which is now a historic state site.

“Franklin's been up and coming over the last couple of years,” says Dakota Coburn, a Realtor with Realty One Group Next Level in Concord. “They’re building the first whitewater rafting park in New England, so that’s been drawing in a lot of big investors who have been arriving in order to rebuild the riverfront.” The New Hampshire National Guard military base is located here, so some parks and trails sit on Army Corps land. Yet, with the addition of new riverfront shops and restaurants, as well as emerging housing developments, Franklin is turning into a growing city just 20 miles north of Concord.

Mill City Park improvements and local hiking and biking trails

Mill City Park is a nonprofit working to create a whitewater rafting park on the Winnipesaukee River. The Franklin Falls historic district has shopping, dining and outdoor recreation, such as biking, whitewater rafting and fishing. Mill City Park’s aim is to continue to turn this space into an outdoor attraction, with tide pools, a climbing wall, pedestrian and bicycle bridges and tent sites for overnight stays.

Beyond the river are plenty of other spaces to explore, such as the Franklin Opera House for theatrical productions or the Franklin Falls Disc Golf Course. Odell Park sits on a small peninsula on the riverfront, with a playground, ballfields and tennis courts that overlook the water.

Franklin Falls Recreational Trails, which is on U.S. Army Corps land, include walking and mountain biking trails as well as a disc golf course and picnic areas. In the winter, bikers take to the trails on their snow tires. The nearby Franklin Falls Dam sits right on the Pemigewasset River and is a popular spot to walk, bike and take photos.

Griffin Beach on Webster Lake belongs to the city of Franklin, so locals can swim or relax on the sand. Though the beach is small, many people come here to enjoy hot summer days at the lake.

New England homes, waterfront cottages and multi-family investment properties

Franklin’s New England housing styles give it a classic feel, whether living in a cottage in the woods or a Victorian home near the river. Most single-family homes in Franklin cost between $150,000 and $350,000 for early 1900s workers' cottages and colonial-style farmhouses. There are also modest Cape Cods and a few ranch-style homes on wide lots with 1,000-square-foot floorplans at this price.

Houses in the $350,000 to $600,000 range include brick cottages, Victorian residences with wraparound porches, newly built traditional styles and a few raised ranch homes. These houses often have larger floorplans, updated interiors and outdoor decks and patios.

“Franklin has Webster Lake, which is really gorgeous with incredible waterfront properties,” Coburn says. Lakefront properties can range between $750,000 and over $1.5 million, with wide bay windows, large decks overlooking the lake and private docks on the water. “There are also a lot of older homes that are being updated by a few development companies,” Coburn says. Duplexes and other owner-occupied rental properties are common east of the river and are often bought by investors looking to capitalize on Franklin’s expansion and growth. These can cost between $200,000 and $450,000.

Possible flooding on local riverbanks

Because of its location on the Winnipesaukee and Pemigewasset Rivers, which eventually turn into the Merrimack farther south, the potential for flooding or rainwater overflow can be a concern for some residents. Lenders may require the purchase of flood insurance depending on property location.

Central Street restaurants and pubs near Winnipesaukee River

“They’re redoing the riverfront to be much nicer. Lots of new bars and restaurants have gone in over the past couple of years, like brewpubs and pizza places. It’s drawn a lot of people in,” Coburn says. Kettlehead Brewing at Stevens Mill serves craft cider and beer, and The Franklin Cafe is a popular breakfast spot. Right on Marceau Park is Vulgar Brewing Company, which also serves pizza. On North Main Street, Shorey’s Grilled Cheese and Ice Cream is a popular sandwich shop with both sweet and salty items on the menu. Smitty's Cinema, just on the edge of town, is a movie theater and restaurant with movie-themed menu items and cocktails. Off Central Street are a few places to buy groceries, such as Hannaford, Dollar General and Family Dollar.

Franklin School District public schools

Students study within the Franklin School District, which is graded an overall D on Niche. Paul A. Smith School is the area’s elementary school, which teaches kindergarten through third grade. Franklin Middle School teaches fourth through eighth grade, and both schools are graded a D-plus on Niche. Franklin High School, located just off of Central Street, has a campus right on the Pemigewasset River waterfront, with sports fields and multiple after-school activities. It receives a C-minus grade on Niche.

Commutes south to Concord and Manchester

“Franklin is in a great location. It's not far off the highway, so it's an easy commute to Concord or the Lakes Region which is really desirable for a lot of people,” Coburn says. Drivers can take either Route 3 or Interstate 93 to reach Concord, which is about 23 miles south. If they continue along I-93, drivers can reach Manchester and its regional airport, which are about 38 miles south. There is a small Concord Hospital branch in Franklin off of Edwards Street, but the major branch is south in Concord and takes about 35 minutes to reach via I-93.

Grace Pitney
Written By
Grace Pitney
Anhella Sanchez
Photography Contributed By
Anhella Sanchez
Jeffrey Knight
Video By
Jeffrey Knight

Interested in learning more about homes in this area? Reach out to Teal Murphy, an experienced agent in this area.

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Parks in this Area

Franklin Housing Trends

Housing Trends

Median List Price
$395,900
Median Sale Price
$388,000
Median Single Family Sale Price
$399,900
Median Townhouse Sale Price
$439,900
Median 2 Bedroom Sale Price
$299,900
Median Change From 1st List Price
0%
Last 12 months Home Sales
93
Median Home Sale Price YoY Change
12%
Average Price Per Sq Ft
$276

Area Facts

Number of Homes
2,220
Number of Homes for Sale
30
Median Year Built
1955
Months of Supply
3.90
Average Single Family Home Size Sq Ft
1,595
Below the national average
1,929
Average Townhouse Size Sq Ft
2,145
Average 2 Bedroom Size Sq Ft
1,096
Average 1 Bedroom Size Sq Ft
1,025
Median Lot Size Sq Ft
16,988

Open Houses

  • Saturday, Nov 1
    Open Sat 11AM - 1PM

    16 Liberty Ave, Franklin, NH 03235

    $369,900

    • 3 Beds
    • 1.5 Baths
    • 1,215 Sq Ft
    • 16 Liberty Ave
    • New 1 day ago

    MLS Description:Welcome to 16 Liberty Ave, a 3 bedroom, 1.5 bath home located in the most desirable neighborhood of Franklin, NH! Step inside the mudroom to unload your coats and shoes, with easy access to the back yard and attached garage! The modern kitchen is equipped with stainless steel appliances, a new dishwasher, and a breakfast bar that’s great for casual dining or entertain guests

    Nicole Garrity EXP Realty

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  • Saturday, Nov 1
    Open Sat 11AM - 1PM

    21 Lake Ave, Franklin, NH 03235

    $550,000

    • 4 Beds
    • 2 Baths
    • 2,160 Sq Ft
    • 21 Lake Ave
    • New 5 days ago

    Bright, cheerful and spacious four bedroom, two bath home with an attached oversized three level garage. Home has been updated and has kitchen, dining room, living room, den/office, one bedroom, and a full bath on the first floor. Second floor has three bedrooms and a newly remodeled three-quarter bath. Enclosed porch provides direct entry from the garage and a sunny place to sit and relax.

    Wendy Griffith BHG Masiello Meredith

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  • Saturday, Nov 1
    Open Sat 12:30PM - 2PM

    10 Upland Dr, Franklin, NH 03235

    $499,000

    • 3 Beds
    • 2.5 Baths
    • 2,413 Sq Ft
    • 10 Upland Dr
    • New 10 days ago

    10 Upland Drive is a pristine colonial home that sits proudly in a desirable neighborhood, offering plenty of space, charm, and comfort. The home features three spacious bedrooms, including a primary with a private en-suite bathroom and walk-in closet. Gleaming hardwood floors flow throughout the main level, where a warm fireplace creates a welcoming centerpiece. The kitchen is beautifully

    Ty Morris Coldwell Banker LIFESTYLES

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Franklin

Property Mix - Square Feet

Franklin Has More Owners

Demographics

Total Population
9,892
Median Age
43
Population under 18
20.9%
On par with the national average
23.8%
Population over 65
22.7%
On par with the national average
19.1%

Finances

Median Household Income
$65,646
Below the national average
$71,702
Average Household Income
$81,690

Education and Workforce

High School Graduates
91%
College Graduates
21.6%
Below the national average
34.1%
Advanced Degrees
8%
Below the national average
13.3%
% Population in Labor Force
67.2%

Area Factors

Somewhat Bikeable

Bike Score®®

4 / 100

Car-Dependent

Walk Score®®

0 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Franklin
Teal Murphy
Mountain Side Properties, LLC
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