Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Franktown

Learn about the people, housing, costs and businesses in Franktown, Virginia

Median Home$211,100
Median Rent$780/month
Population55
Leading IndustriesHealthcare · Transportation · Wholesale Trade17% healthcare
Home Value Growth⬆⬆⬆+48.4% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners60% of occupied units
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Franktown
VA

Frequently Asked Questions

What are today's mortgage rates in Franktown?

As of today, the 30-year fixed mortgage rate for Franktown is approximately 6.908% (6.944% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Franktown
What is the median home price in Franktown?

The median home value in Franktown is $211k. The median monthly rent is $780. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franktown?

Home values in Franktown have increased 48.4% 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 Franktown?

Based on a typical all-in ownership cost of $832/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 Franktown is $53k/year.

Calculate your buying power
What industries drive the economy in Franktown?

The largest employment sectors in Franktown are public administration (23%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.