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Franklin, VA Home Values and Rents
The typical home value in Franklin is $250,368, 242nd highest of 367 cities and towns in Virginia. Median rent is $988 a month.
- Typical home value
- $250,368
- 242nd of 367 in VA
- Median rent
- $988/mo
- ACS 2020-2024
- Price change, 1 year
- +1.5%
- Sep 2026
- Homeownership
- 53.9%
- VA: 67.3%
Typical home value in Franklin
Zillow Home Value Index, all homes, middle tier
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| Period | Franklin |
|---|---|
| Sep 2026 | $250,368 |
| Dec 2025 | $246,600 |
| Dec 2024 | $243,938 |
| Dec 2023 | $229,455 |
| Dec 2022 | $223,800 |
| Dec 2021 | $196,079 |
| Dec 2020 | $169,343 |
| Dec 2019 | $152,384 |
| Dec 2018 | $144,155 |
| Dec 2017 | $139,127 |
| Dec 2016 | $134,171 |
| Dec 2015 | $128,831 |
| Dec 2014 | $127,562 |
| Dec 2013 | $126,276 |
| Dec 2012 | $126,827 |
Over five years, Franklin prices changed +32.2%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 23851 | $244,300 | $999 | +14.4% | +59.8% |
Fair Market Rents, FY2027
HUD rent standard for Southampton County-Franklin city, VA HUD Nonmetro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $874 | +7.8% |
| 1 bedroom | $897 | +9.8% |
| 2 bedrooms | $1,032 | -1.8% |
| 3 bedrooms | $1,392 | +3.4% |
| 4 bedrooms | $1,725 | -2.2% |
Frequently asked questions
- What is the typical home value in Franklin, VA?
- The typical home value in Franklin is $250,368 (Zillow Home Value Index, Sep 2026). The Virginia median is $383,700.
- How much is rent in Franklin?
- The median rent in Franklin is $988 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,032.
- Are home prices going up in Franklin?
- The typical home value in Franklin changed +1.5% over one year and +32.2% over five years, as of Sep 2026.
- How does Franklin compare with the rest of Virginia?
- Franklin has the 242nd highest median home value of 367 cities and towns with 1,000+ residents in Virginia.
- Which ZIP code in Franklin has the highest home values?
- ZIP code 23851 has the highest median home value at $244,300.