Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$355,924−0.3% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$77,157About 1.1× the local median income ($72,026): a stretch for a typical household
Days on market73 daysAbout the same pace as a year ago
Next 12 months−0.5%Zillow expects prices to stay about flat
The typical home in Franklin County, NC is worth $355,924, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $317,315, so the area is 12.2% overvalued. It is a buyer's market: homes take about 73 days to sell, listings are up 10% from a year ago, 26% of listings have had a price cut. Zillow expects prices to fall about 0.5% over the next year. A household needs about $77,157 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,026. Typical rent is $1,820 a month, or $2,306 for a house. In the latest IRS figures, 2,029 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$355,924
Change in 1 year
−0.3%
Overvalued %
+12.2%
Show 7 more
Fair home value
$317,315
Change in 5 years
+22.7%
Zillow forecast, next 12 months
−0.5%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$1,929
Income needed to afford it
$77,157
Property tax rate
0.65%
Rent and investing
Typical rent
$1,820
Typical rent for houses
$2,306
Price-to-rent ratio
16.3×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,689
Gross rental yield
6.14%
Cap rate (estimate)
3.99%
Market activity
Listings vs a year ago
+10.2%
Days on market
73
Listings with a price cut
25.8%
Show 3 more
Homes for sale
486
Pending sales per 100 listings
39
Asking price per sq ft
$199
People and jobs
Median household income
$72,026
Population change (1 year)
+2.6%
Unemployment rate
4.6%
Show 4 more
Population
82,037
Income adjusted for cost of living
$73,346
Net moves in (IRS)
+2,029
Cost of living (US = 100)
98.2
Schools, risk and environment
School rating (1 to 10)
5.6
FEMA hazard risk score (0 to 100)
51.7
Unhealthy air days a year
0
Show 4 more
Flood risk score
56.0
Wildfire risk score
27.0
Walkability (1 to 20)
5.3
Road, rail and air noise
55 dB
Questions people ask
Is Franklin County, NC overvalued?
Home prices in Franklin County, NC are well above what local incomes have historically supported: fair value is about $317,315, so the area is 12.2% overvalued.
Is Franklin County, NC a buyer's or seller's market?
Franklin County, NC is a buyer's market: homes take about 73 days to sell, listings are up 10% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Franklin County, NC?
Home values in Franklin County, NC are down 0.3% over the last year. Zillow's forecast for the next 12 months is −0.5%.
How much do you need to earn to buy a home in Franklin County, NC?
A household needs about $77,157 a year to afford the typical home in Franklin County, NC at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,026.