Franklin County, VA real estate

What the numbers say

Franklin County, VA real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Franklin County listed for $499,450, down 5.9% from a year earlier. That is 10% above the Virginia median of $455,953.

Homes spent a median of 71 days on the market, slower than 69 days a year ago. That makes Franklin County the #34 fastest-selling of 37 Virginia counties we track.

Homeowners in Franklin County pay a median of $1,196 a year in property taxes on a median home value of $240,400, an effective rate of about 0.50%. The Virginia average is 0.73%, which makes Franklin County the #23 lowest-tax of 133 counties in the state with published tax data.

Renters pay a median of $829 a month, and $734 for a two-bedroom. At today's prices a typical home costs about 50 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $499,000 home here comes to about $3,138 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $134,000 a year (the median household here earns $68,849).