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Housing in Franklin County
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Franklin County averages $829/month for a 2‑bedroom in 2024, compared to the Virginia median of $1,579 and the national median of $1,413. Local renters spend approximately 19% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Franklin County FMR Area are $831 for a studio, $928 for 1‑bedroom, $1,017 for 2‑bedroom, $1,414 for 3‑bedroom, and $1,706 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $188 increase for a 2-bedroom in Franklin County shows a 23% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Franklin County was 3.0% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.
