Franklin's January First-Time Homebuyer Report

Franklin is a larger than average city in Virginia with 8,582 residents. Its population is growing faster than the rest of the state, at a 10-year growth rate of 1.9%. Keep in mind, 45.0% of the homes in Franklin are owned, while 45.5% are rented. Topping the list of best schools in the city is Moyock Elementary School.

Culture

According to Foursquare, if shopping is your thing, you might enjoy Food Lion Grocery Store, Walgreens, and Belk. You might also try Applebee's, Don Pancho's Cantina, and Wendy's, a few popular places to dine out.

Price Range

Home values in Franklin are generally in line with others in the state with a median home value of $165,100 and an average list price of $133,482.

Curious as to which homes have been getting the most attention in Franklin? These listings have stirred up interest and produced the most views:

$207K   $279K   $149K  

Typical Dwelling

A three-bedroom detached home valued around $126,277 is considered a typical dwelling in Franklin. If a buyer was looking for a similar home, they would need good credit and a $25,255 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $219 and the property tax rate is $8.06 per $1,000 of taxable assessed value.

Get started right now by checking out Franklin homes for sale or reviewing Franklin real estate trends.


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Nuvia Rivera & Associates
Snapped 1 home in this area
Coldwell Banker Professional
Snapped 1 home in this area
Hal Ward
Snapped 1 home in this area

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