Summit County, OH
Market description generated from current MLS and U.S. Census data.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates
Home prices in the Cleveland-Elyria area have risen 81% over the past 8 years, compared to 87% nationally.
Source: Federal Reserve Economic Data (FRED) — Cleveland-Elyria HPI vs National HPI
| School District | Rating | Listings | Avg Price |
|---|---|---|---|
| Manchester LSD Summit- 7706 | 5 | $538,940 | |
| Coventry LSD | 2 | $308,700 |
School ratings from SchoolDigger.com
The median home price in New Franklin is $349,900, with active listings ranging from $119,900 to $1,200,000.
There are currently 7 active listings in New Franklin, Ohio.
The average price per square foot in New Franklin is $226, based on currently active listings.
New Franklin is served by Manchester LSD Summit- 7706, Coventry LSD.
New Franklin has a population of 13,830 residents with a median age of 47.5.
Homes in New Franklin average 2,096 square feet with 3.7 bedrooms and 3.0 bathrooms.
New Franklin has a 87.1% owner-occupied rate and a 4.2% vacancy rate. The median rent is $1,101.
The average commute time for New Franklin residents is 22.2 minutes.
| Address | Sold Price | Beds | Baths | Sq Ft | Sold Date |
|---|---|---|---|---|---|
| 5165 Fawn Dr, New Franklin | $239,900 | 3 | 2 | 1,106 | Jun 19, 2026 |
| 686 Portage Lakes Dr, New Franklin | $1,695 | 2 | 1 | 882 | Jun 4, 2026 |
| 4698 Manchester Rd, New Franklin | $288,000 | 5 | 3 | 3,342 | Jun 1, 2026 |
| 5638 Bonnie Lou Dr, New Franklin | $241,523 | 3 | 1 | 1,402 | Jun 1, 2026 |
| 5008 Laddie Dr, New Franklin | $270,000 | 3 | 3 | 1,541 | May 29, 2026 |
| 4352 W Hohman Cir, New Franklin | $210,000 | 2 | 1 | 1,436 | May 28, 2026 |
| 1069 W Nimisila Rd, New Franklin | $140,500 | 2 | 1 | 992 | May 21, 2026 |
| 4885 Will Dr, New Franklin | $350,000 | 4 | 3 | 2,680 | May 20, 2026 |
| 5200 Donner Drive, New Franklin | $330,000 | 3 | 3 | 1,626 | May 8, 2026 |
| 1365 Vanderhoof Road, New Franklin | $302,749 | 4 | 3 | 1,983 | May 6, 2026 |
Recently sold listings from the last 90 days, provided through the MLS IDX database. See full disclaimer below.
Steven Pannell
Licensed Ohio real estate agent · Key Realty
8+ years of experience
Licensed since 2017, with years of hands-on real estate investing experience before that. I became an agent to enhance my own investment knowledge, but discovered my true calling: guiding clients through one of life's biggest decisions. As a Certified Negotiation Expert (CNE), I bring both investor insight and proven negotiation skills to every transaction. Whether you're buying your first home or selling an investment property, you'll have an experienced advocate in your corner who understands the market from every angle.