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These days, finding an affordable place to live in the Franktown area can be challenging. Home prices in Franktown are now at a median cost of $397,845, lower than the Virginia average of $443,089.
The average cost of rent is $879/mo in Franktown, primarily driven by the current value of real estate in the Franktown area. In Franktown, 30.11% of households rent, and 51.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Franktown is $12,941 per month. Households that rent pay about 6.79% of their income on rent here. Franktown’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Nassawadox, VA: less expensive homes
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- Exmore, VA: less expensive homes
- Machipongo, VA: equally priced homes
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Cities with Similar Populations
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- Weal, VA: less expensive homes
- Weathersfield Bow, VT: less expensive homes
- Weeki Wachee, FL: less expensive homes
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