Franklin, VA Real Estate
According to census data in the year 2000 there were 3,767 housing units in Franklin.
This represents a 19% growth from 3,166 in 1990.
Of those housing units, 3,688 were located in either urbanized areas or urban clusters, and 79 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 53.6%.
Franklin's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Franklin were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 7.30% |
| Two Bedrooms | 33.30% |
| Three Bedrooms | 41.70% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $94,900 |
| Median Price asked for vacant units | $115,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $330 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 49.90% |
| Debt Free | 33.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
