Affordable
Expensive
Expensive
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These days, finding an affordable place to live in the Franklin City area can be challenging. Home prices in Franklin City are now at a median cost of $240,197, lower than the Virginia average of $443,089.
The average cost of rent is $1,121/mo in Franklin City, primarily driven by the current value of real estate in the Franklin City area. In Franklin City, 46.12% of households rent, and 38.08% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franklin City is $5,130 per month. Households that rent pay about 21.85% of their income on rent here. Franklin City’s most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the county.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Counties
- Southampton County, VA: less expensive homes
- Suffolk City, VA: higher priced homes
- Greensville County, VA: less expensive homes
- Emporia City, VA: less expensive homes
- Chesapeake City, VA: higher priced homes
- Brunswick County, VA: less expensive homes
- Mecklenburg County, VA: less expensive homes
- Halifax County, VA: less expensive homes
- Pittsylvania County, VA: less expensive homes
- Danville City, VA: less expensive homes
Counties with Similar Populations
- White Pine County, NV: less expensive homes
- Arthur County, NE: less expensive homes
- Atchison County, KS: less expensive homes
- Atchison County, MO: less expensive homes
- Atkinson County, GA: less expensive homes
- Atoka County, OK: less expensive homes
- Audubon County, IA: less expensive homes
- Aurora County, SD: less expensive homes
- Baker County, OR: higher priced homes
- Barbour County, WV: less expensive homes
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