Franklin, VA Foreclosures
Current Market Conditions in in Franklin, VA As of February 2026?
In the past month, the Franklin real estate market has seen a notable increase in buyer interest, leading to quicker sales times and rising median home prices. The overall inventory of homes available for sale has declined, pushing buyers to act faster when they find a property they like. Additionally, the average time on the market has fallen from the previous month, indicating a strong demand for housing in the area.
How much do homes sell for in Franklin, VA?
The average home price is currently $289,082.
In Franklin, VA, how many homes are available?
There are currently 4 active home listings available in Franklin.
What’s the average rental cost in Franklin, VA?
The average rental price in Franklin is $1,121.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $11,993,479.
What is currently the cheapest priced home in Franklin, VA?
The cheapest home for sale in Franklin is priced at $10,127.
Living in Franklin, VA
Franklin, VA is a quaint town blending history with modern amenities. The community offers a peaceful lifestyle with plenty of outdoor activities and local events. With excellent schools and friendly neighbors, it's an ideal place for families and retirees alike.
Buyer vs Seller Market in Franklin, VA
The real estate market in Franklin has seen stable growth over the past year, attracting a mix of first-time home buyers and families looking for a serene community. Prices for homes have remained relatively affordable compared to neighboring cities, making it an attractive spot for prospective buyers. However, development in the area is on the rise, leading to a potential increase in home values as demand grows.
As of this month, there has been a slight decrease in inventory, which has put some upward pressure on home prices, making it a competitive market for buyers. Homes are selling quickly, often within a few weeks of being listed, indicating healthy interest in the area.
Home Value Estimator For Franklin, VA
There are currently 5,172 real estate properties
in Franklin, VA,
with a median automated valuation model (AVM) price
of $252,604.00. 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 $289,082.00, with the most expensive house
in Franklin, VA, topping out
at $11,993,479.00 and the cheapest home
in Franklin, VA,
clocking in at $10,127.00. 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 $1,121.00. 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.
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