Franklin city: Housing & Real Estate
The median Franklin city home is valued at $256,600, with median rent $988 (about the same as Franklin city median $988; 1.6× below Virginia median $1,579). That's about the same as the Franklin city median ($256,600); 1.5× below the Virginia median ($383,700).
- 4.1× annual income — home value vs. household income (vs Virginia 4.1×).
- 21.6 years to break even renting at the median (vs Virginia 19y).
Home Values & Rent
Median home value $256,600 — 0.7× the Virginia median ($382,500). Median rent $988/month.
| Fair Market Rent · Studio rent | $884 (vs Virginia $1,492) |
|---|---|
| Fair Market Rent · One Br | $890 |
| Fair Market Rent · Two Br | $1,167 |
| Fair Market Rent · Three Br | $1,492 |
| Fair Market Rent · Four Br | $1,960 |
| Fair Market Rent · Year | FY2025 |
| Median Home Value | $256,600 (vs Virginia $382,500) |
| Median Rent | $988 (vs Virginia $1,714) |
| Renter Occupied Units | 1,593 |
Sources: HUD FMR FY2025 — matched by county FIPS · Census ACS 5-Year 2024 — county-level query · Refreshed 2026-04-29
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Owner Occupied Units | 1,861 |
|---|
Sources: Census ACS 5-Year 2024 — county-level query · Refreshed 2026-04-29
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
| Broadband Summary · Towns With Data | 1 |
|---|---|
| Broadband Summary · Towns With 90Pct Coverage | 1 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Summary · Towns With Data | 1 |
Sources: EIA Retail Sales 2024