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Franklin County

Learn about the people, housing, costs and businesses in Franklin County County

Median Home$280,420
Median Rent$881/month
Population55,130
Leading IndustriesEducation · Arts, Food & Hospitality · Healthcare2% education
Home Value Growth⬆⬆⬆+23.1% over 2 years
Retirees25% of residentsabove average nationally
Homeowners78% of occupied units
Franklin County
VA

Frequently Asked Questions

What are today's mortgage rates in Franklin County?

As of today, the 30-year fixed mortgage rate for Franklin County is approximately 6.991% (7.017% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Franklin County?

The median home value in Franklin County is $280k. The median monthly rent is $881. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin County?

Home values in Franklin County have increased 23.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Franklin County?

Based on a typical all-in ownership cost of $844/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin County is $71k/year.

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What industries drive the economy in Franklin County?

The largest employment sectors in Franklin County are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas