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Short Sale Listings in Franklin, VA

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Franklin, VA Foreclosures

How much do homes sell for in Franklin, VA?
The average home price is currently $274,737.
In Franklin, VA, how many homes are available?
There are currently 3 active home listings available in Franklin.
What’s the average rental cost in Franklin, VA?
The average rental price in Franklin is $1,120.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $10,709,510.
What is currently the cheapest priced home in Franklin, VA?
The cheapest home for sale in Franklin is priced at $11,996.

Living in Franklin, VA

Franklin, VA is a picturesque small city that offers a blend of history, community, and nature. Residents enjoy a serene lifestyle with access to quality education and various recreational opportunities. Its convenient location allows easy travel to nearby urban centers while preserving the charm of small-town living.

Current Market Conditions in Franklin, VA

The real estate market in Franklin has shown steady growth over the past year, with increased demand for single-family homes as families seek more spacious living arrangements. The average home price has risen gradually, reflecting the growing interest in the area.

Overall, Franklin's real estate market remains competitive, particularly in the lower price ranges, where first-time buyers have been active. Homes typically receive multiple offers, indicating a strong buyer interest and a tight housing inventory.

Home Value Estimator For Franklin, VA

There are currently 4,814 real estate properties in Franklin, VA, with a median automated valuation model (AVM) price of $245,530.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Franklin, VA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Franklin, VA, is $274,737.00, with the most expensive house in Franklin, VA, topping out at $10,709,510.00 and the cheapest home in Franklin, VA, clocking in at $11,996.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin, VA!

Rent Prices In Franklin, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, VA, is on a rollercoaster ride. The average rent price in Franklin, VA, is $1,120.00. Indeed, when looking to rent in Franklin, VA, you can expect to pay as little as $580.00 or as much as $3,720.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Franklin, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Franklin, VA Short Sale Listings

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