What is the median home value in Franklin city, VA?

The median home value in Franklin city, VA is $227,200, according to the latest Census ACS 5-Year Estimates.

What is the cap rate in Franklin city, VA?

The cap rate proxy in Franklin city, VA is 9.0% (estimated from HUD Fair Market Rent and Census home values with a 35% expense ratio). This is above average for cash-flow investors.

Virginia Beach-Norfolk-Newport News, VA-NC · Virginia

Franklin city

8,212 residents$65,125 median HHI0 ZIP codesUpdated April 16, 2026

Investor first look

Median home value

$227,200

ACS 5-Year

Cap rate proxy

9.0%

FMR × 0.65 ÷ Home Value

Rent-to-income

18.3%

HUD FMR ÷ ACS HHI

Net migration

+1.50%

IRS SOI

Permits (TTM)

—

Census BPS

Climate risk

7.5

FEMA NRI (0–100)

Demographics

Owner-occupied

53.4%

Census ACS

Vacancy rate

13.1%

Census ACS

Bachelor's degree +

26.4%

Census ACS

Rent burdened

37.0%

Census ACS (>30% income)

Median age

40.5

Census ACS

Data sources

U.S. Census Bureau — American Community Survey 5-Year Estimates

U.S. Census Bureau — Building Permits Survey

U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)

Internal Revenue Service — Statistics of Income Migration Data

FEMA — National Risk Index

Last updated: April 16, 2026