
Home Price Key
These days, finding an affordable place to live in the Franklin Farm area can be challenging. Home prices in Franklin Farm are now at a median cost of $684,653, higher than the Virginia average of $323,261.
The average cost of rent is $2,599/mo in Franklin Farm, primarily driven by the current value of real estate in the Franklin Farm area. While nearly 21.37% of residents own their homes outright in Franklin Farm, 7.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Farm is $16,639 per month. Households that rent pay about 15.62% of their income on rent here. Franklin Farm's most expensive areas are in the northeastern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- McNair, VA: less expensive homes
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- Wolf Trap, VA: higher priced homes
Cities with Similar Populations
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