Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Franklin County, Virginia?
County · Census ACS 5-Year estimates
The median gross rent in Franklin County, Virginia is $829/month (±$43), based on Census ACS 5-Year estimates (2024). The median home value is $240,400 (±$10,259), and the median household income is $68,849/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Franklin County, Virginia and Neighbouring Counties
Housing Metrics for Franklin County, Virginia
| Metric | Value |
|---|---|
| Median Gross Rent | $829 |
| Median Home Value | $240,400 |
| Median Household Income | $68,849 |
| Total Housing Units | 22,999 |
| Renter-Occupied Units | 4,951 |
| Renter-Occupied Share | 22% |
| Households Paying 50%+ Income | 723 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| Studio | $695 | +32.4% |
| 1 BR | $649 | +102.2% |
| 2 BR | $734 | +27.7% |
| 3 BR | $1,050 | +31.6% |
| 4 BR | $1,340 | +86.1% |
| 5+ BR | $1,400 | n/a |
How does Franklin County, Virginia compare?
Median gross rent ranked against all counties in Virginia.
Higher rent than 23% of counties in Virginia · 104th of 133
| # | County | Value |
|---|---|---|
| 1 | Loudoun County | $2,386 |
| 2 | Arlington County | $2,322 |
| 3 | Fairfax County | $2,276 |
| … 100 more … | ||
| 104 | Franklin County(you are here) | $829 |
| … 26 more … | ||
| 131 | Norton city | $692 |
| 132 | Russell County | $653 |
| 133 | Bland County | $644 |
More data for Franklin County, Virginia
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Frequently asked questions
What is the average rent in Franklin County, Virginia?
The median gross rent in Franklin County, Virginia is $829/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Franklin County, Virginia?
The median rent for a 2-bedroom in Franklin County, Virginia is $734/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$77. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Franklin County, Virginia?
The median home value in Franklin County, Virginia is $240,400 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Franklin County are rent-burdened?
In Franklin County, Virginia, 723 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Franklin County, Virginia?
The median household income in Franklin County, Virginia is $68,849/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $829 has a margin of error of ±$43. In very small areas, MOEs can be large relative to the estimate.
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