Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$363,796+3.9% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 27% have cut their price
Income needed to buy, per year$78,863About 1.1× the local median income ($71,650): a stretch for a typical household
Days on market71 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.8%Zillow expects prices to rise slightly
The typical home in Franklin County, VA is worth $363,796, up 3.9% from a year ago. That is well above what local incomes have historically supported: fair value is about $321,349, so the area is 13.2% overvalued. It is a buyer's market: homes take about 71 days to sell, listings are up 45% from a year ago, 27% of listings have had a price cut. Zillow expects prices to rise about 2.8% over the next year. A household needs about $78,863 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 $71,650. Typical rent is $1,160 a month, or $1,428 for a house. In the latest IRS figures, 466 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
$363,796
Change in 1 year
+3.9%
Overvalued %
+13.2%
Show 7 more
Fair home value
$321,349
Change in 5 years
+31.0%
Zillow forecast, next 12 months
+2.8%
Home value to income
5.1×
Monthly mortgage payment (20% down)
$1,972
Income needed to afford it
$78,863
Property tax rate
0.50%
Rent and investing
Typical rent
$1,160
Typical rent for houses
$1,428
Price-to-rent ratio
26.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,080
Gross rental yield
3.82%
Cap rate (estimate)
2.49%
Market activity
Listings vs a year ago
+44.7%
Days on market
71
Listings with a price cut
27.4%
Show 3 more
Homes for sale
317
Pending sales per 100 listings
24
Asking price per sq ft
$248
People and jobs
Median household income
$71,650
Population change (1 year)
−0.2%
Unemployment rate
2.4%
Show 4 more
Population
55,526
Income adjusted for cost of living
$76,549
Net moves in (IRS)
+466
Cost of living (US = 100)
93.6
Schools, risk and environment
School rating (1 to 10)
6.5
FEMA hazard risk score (0 to 100)
42.7
Flood risk score
62.2
Show 3 more
Wildfire risk score
38.1
Walkability (1 to 20)
5.0
Road, rail and air noise
54 dB
Questions people ask
Is Franklin County, VA overvalued?
Home prices in Franklin County, VA are well above what local incomes have historically supported: fair value is about $321,349, so the area is 13.2% overvalued.
Is Franklin County, VA a buyer's or seller's market?
Franklin County, VA is a buyer's market: homes take about 71 days to sell, listings are up 45% from a year ago, 27% of listings have had a price cut.
Are home prices going down in Franklin County, VA?
Home values in Franklin County, VA are up 3.9% over the last year. Zillow's forecast for the next 12 months is +2.8%.
How much do you need to earn to buy a home in Franklin County, VA?
A household needs about $78,863 a year to afford the typical home in Franklin County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $71,650.