Special Interest
Housing in Franklin City
Both Census and HUD figures represent gross rent — contract rent plus estimated utility costs for electricity, heat, water, and sewer.
Rent in Franklin City averages $988/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 30% of household income on rent, below the national average of 32%.
HUD 2026 50th Percentile Rent Estimates for Franklin City FMR Area are $851 for a studio, $857 for 1‑bedroom, $1,091 for 2‑bedroom, $1,412 for 3‑bedroom, and $1,830 for 4‑bedroom.
HUD 2026 Rent Estimates reflect market movement since 2024 Census data — a $103 increase for a 2-bedroom in Franklin City shows a 10% rise over that period.
The U.S. Bureau of Labor Statistics annual unemployment rate for Franklin City was 3.9% in 2024, compared to Virginia at 2.9% and the national rate of 4.0%.
