Zip 23851 (Franklin, VA) Housing

The housing market in Franklin, VA (23851) is booming. The median value of homes is $203,000, which is significantly lower than the US national median value of $338,100. However, Franklin has seen an impressive 12.84% increase in home value over the past year compared to the US national average of 8.27%. With a steady and consistent rise in home values and prices, Franklin offers potential buyers an excellent opportunity to invest in this vibrant and bustling market.

The median home cost in Franklin (zip 23851) is $203,000. Home appreciation the last 10 years has been 77.0%. Home Appreciation in Franklin (zip 23851) is up 18.6%.

Average Age of Homes

- The median age of Franklin (zip 23851) real estate is 41 years old

The Rental Market in Franklin (zip 23851)

- Renters make up 39.8% of the Franklin (zip 23851) population
- 3.0% of houses and apartments in Franklin (zip 23851), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Franklin, Virginia	United States
	6,150.0	139,647,020.0
	50	42
	$203,000	$338,100
	18.6%	16.6%
	58.1%	57.0%
	77.0%	101.1%
	$7.80	$10.98
	$1,454	$2,690
	51.0%	57.4%
	13.0%	11.2%
	36.0%	31.4%
Vacant Housing
	3.0%	1.9%
	0.9%	0.4%
	0.1%	0.7%
	0.4%	0.4%
	0.5%	3.6%
	8.1%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	1.1%	2.4%
	3.7%	2.8%
	4.3%	3.9%
	4.9%	4.5%
	16.7%	11.3%
	21.1%	13.0%
	33.1%	20.1%
	6.2%	13.6%
	2.5%	8.3%
	3.6%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.8%	13.6%
	10.8%	13.6%
	9.7%	13.6%
	12.2%	13.2%
	14.1%	14.8%
	9.7%	13.6%
	18.0%	10.0%
	5.5%	4.7%
	12.0%	12.2%

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