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Franklin, VA
Full City Profile · Virginia · Franklin city County
3.2
/5.0
B
Good
8,212
Population
992/sq mi density
$65,125
Median Income
$31,838 per capita
$227,200
Home Value
$240,233 Zillow
$995
Median Rent
26.4% income on rent
59°F
Avg Temperature
305 sunny days/yr
203
Violent Crime/100K
3,697 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$65,125 median income, 2.8% unemployment
A+
Affordability
4.7 / 5.0
$227,200 home value, $995/mo rent
F
Safety
1.0 / 5.0
203 violent crimes/100K
B
Education
3.1 / 5.0
26.4% bachelor's degree or higher
Housing Overview
Median Home Value
$227,200
19% below
US avg: $281,900
Median Rent
$995/mo
14% below
US avg: $1,163/mo
Homeownership Rate
53.4%
18% below US avg (65.4%)
Total Housing Units
3,892
Median year built: 1966
Home Value by Source
Census Median
$227,200
Zillow (ZHVI)
$240,233
Median Sale Price
$285,000
Median List Price
$244,990
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
53.4%
Owner-Occupied
46.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$811/mo
1 Bedroom
$817/mo
2 Bedroom
$1,051/mo
3 Bedroom
$1,346/mo
4 Bedroom
$1,764/mo
Census median rent:
$995/mo
Market Indicators (Redfin)
Median Days on Market
76 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
13
Price Drops
29.3%
of listings with price reduction
Price Per Sq Ft
$140
Active Inventory
41
homes for sale
Affordability & Housing Stock
Rent Burden
26.4%
of renters spending 30%+ of income on housing
15% below US avg (31.0%)
Median Year Built
1966
Average age of housing stock: 60 years
Homeownership Rate
53.4%
Complete Housing Data
Home Values
| Census Median Value | $227,200 |
| Zillow Home Value (ZHVI) | $240,233 |
| Median Sale Price | $285,000 |
| Median List Price | $244,990 |
| Price Per Sq Ft | $140 |
Rent
| Census Median Rent | $995 |
| FMR Studio | $811 |
| FMR 1-Bedroom | $817 |
| FMR 2-Bedroom | $1,051 |
| FMR 3-Bedroom | $1,346 |
| FMR 4-Bedroom | $1,764 |
Market
| Days on Market | 76 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 29.3% |
| Homes Sold | 13 |
| Active Inventory | 41 |
| Price Per Sq Ft | $140 |
Ownership & Stock
| Owner-Occupied | 53.4% |
| Renter-Occupied | 46.6% |
| Homeownership Rate | 53.4% |
| Total Housing Units | 3,892 |
| Median Year Built | 1966 |
| Rent Burden | 26.4% |