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.


Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom7.30%
Two Bedrooms33.30%
Three Bedrooms41.70%
Four Bedrooms14.40%
Five Bedrooms or more2.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1968
Median Value of occupied units$94,900
Median Price asked for vacant units$115,000

Rented Homes, Apartments and Condos

Average Household Size2.28
Median year structure was built1972
Median Monthly Rent asked for vacant units$330

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage7.20%
Home Equity Loan8.60%
Simple Mortgage49.90%
Debt Free33.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%