Single-family Foreclosures in Franklin, VA

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.

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.