Franklin

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Franklin, VA Area Guide

Avg Rent

$1,173

Population

8,120

Renter Mix

52% Rent

Bask in rural and suburban comforts wrapped in small-town charm

Rural Suburban Historic Riverside Close-Knit Welcoming Growing Agricultural Diverse Scenic Convenient

Situated in the Coastal Plain region of southeastern Virginia, Franklin has a rich history as a center of trade and transportation for surrounding countryside because of its strategic location on the Blackwater River. Franklin serves as an important rail point between Norfolk and the Western Roanoke Basin to this day. Agriculture is Franklin’s major industry, leading production in cotton, peanuts, and hog-raising.

Franklin offers residents a small-town atmosphere and a strong sense of community. Residents come together for special events such as the Franklin Fall Festival, Market on Main, and the We Be Jammin’ summer concert series. Franklin boasts a charming downtown area teeming with shops, boutiques, and restaurants along historic Main Street in addition to familiar national retailers in shopping centers along Armory Drive. Major destinations like Norfolk, Virginia Beach, Richmond, and the Outerbanks of North Carolina are all about an hour’s drive from Franklin. Getting around from Franklin is easy with access to U.S. Routes 58 and 258 as well as the Franklin Municipal Airport.

Demographics

Median Household Income

$49,459

Average: $62,478

Education

1,579

Residents Have a Degree

Job Market

3,747

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

43 Years

Largest Age Group

60-69 Years

Approximately 14% of Residents

Under 20

25%

Over 65

24%

Housing Distribution

Franklin has more renters than homeowners.

Renters
52%
Non-Renters
48%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
14%
Other Education
86%

Rent Trends

As of May 2026, the average apartment rent in Franklin, VA is $1,163 for one bedroom, $1,073 for two bedrooms, and $1,317 for three bedrooms. Apartment rent in Franklin has increased by 3.9% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,163/month
757 Sq Ft
See Rental Market Trends in Franklin, VA

Getting Around

Somewhat Walkable

Walkability

20 / 100

Very Drivable

Drivability

80 / 100

Somewhat Bikeable

Bikeability

20 / 100

Schools

S.P. Morton Elementary

Public

Grades PK-5

481 Students

S.P. Morton Elementary School

Public

Grades PK-5

481 Students

Fresh Start Center

Public

Grades K-12

Franklin High School

Public

Grades 6-12

378 Students

Franklin High

Public

Grades 6-12

378 Students

Joseph P. King Jr. Middle

Public

Grades 6-8

164 Students

Fresh Start Center

Public

Grades K-12

Franklin High School

Public

Grades 6-12

378 Students

Franklin High

Public

Grades 6-12

378 Students

Fresh Start Center

Public

Grades K-12

Points of Interest

Top Apartments in Franklin

Houses for Rent in Franklin

Search Nearby Rentals

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.