What is the median home price in Franklin?

The median home price in Franklin, Franklin city, Virginia is $197,900, which is 30% below the national average of 281,900 ($281,900).

Franklin, Franklin city, Virginia has a violent crime rate of 1.4 per 1,000 residents, which is 61% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.8 per 1,000 residents.

What is the Walk Score for Franklin?

Franklin, Franklin city, Virginia has a Walk Score of 0 out of 100, classified as "Almost All Errands Require a Car." The national average Walk Score is 48/100. The bike score is 6/100.

What is the median household income in Franklin?

The median household income in Franklin, Franklin city, Virginia is $57,537, which is 23% below the national average of 74,580 ($74,580).

What is the average rent in Franklin?

The median rent in Franklin, Franklin city, Virginia is $925 per month. The national average median rent is $1,163/month.

What is the air quality in Franklin?

Franklin, Franklin city, Virginia has an Air Quality Index (AQI) of 40, categorized as "Good." The national average AQI is 42. An AQI under 50 is considered "Good."

What is the population of Franklin?

The population of Franklin, Franklin city, Virginia is approximately 8,194. The homeownership rate is 55.6% (national average: 65.9%).

What are the climate risks in Franklin?

Franklin, Franklin city, Virginia has an overall climate risk rating of "Relatively Moderate" with a risk score of 71.58. This assessment considers hazards such as flooding, wildfire, extreme heat, and severe storms.

What is the unemployment rate in Franklin?

The unemployment rate in Franklin, Franklin city, Virginia is 5.3%. The national average unemployment rate is 3.7%. The poverty rate is 18.7% (national average: 12.4%).

Franklin

Franklin city, Virginia

Affordable

About Franklin

Franklin, Virginia, offers a refreshingly accessible lifestyle, especially for those seeking an escape from the escalating costs of urban living. With a population just over 8,000, this charming town presents a close-knit community atmosphere, where the pace of life is decidedly more relaxed. The real draw, however, is the remarkable affordability. Median home values hover around $197,900, significantly below the national average, making homeownership a realistic goal for many. This affordability extends to the overall cost of living, allowing residents to enjoy a comfortable lifestyle without the financial strain often associated with larger cities.

From an investment and lifestyle perspective, Franklin is ideally suited for first-time homebuyers, retirees, or anyone seeking a quieter life. While the median household income is around $57,537, the low cost of housing stretches budgets further than in many other locations. The town’s focus is on community, making it a safe place to settle down. While specific unemployment figures are unavailable, the town’s economy is stable, the housing market presents opportunities for those looking to invest in a market with a solid foundation.

Franklin, Virginia at a Glance

Franklin is a city in Franklin city, Virginia with a population of approximately 8,194. The median home value is $197,900 and the median household income is $57,537. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.4 per 1,000 residents, which is 61% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $925 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.