Expensive
Affordable
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These days, finding an affordable place to live in the Franks Mill area can be challenging. Home prices in Franks Mill are now at a median cost of $403,720, lower than the Virginia average of $443,089.
The average cost of rent is $1,067/mo in Franks Mill, primarily driven by the current value of real estate in the Franks Mill area. In Franks Mill, 6.54% of households rent, and 45.04% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franks Mill is $9,148 per month. Households that rent pay about 11.67% of their income on rent here. Franks Mill’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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