All Home Types
Franklin, VA Housing Market
What is the housing market like in Franklin today?
In February 2025, Franklin home prices were down 23.3% compared to last year, selling for a median price of $165K. On average, homes in Franklin sell after 28 days on the market compared to 26 days last year. There were 8 homes sold in February this year, up from 7 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$165,000
-23.3% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Franklin, VA
$165,000
-23.3%
United States
Franklin Migration & Relocation Trends
In Dec '24 - Feb '25, 31% of Franklin homebuyers searched to move out of Franklin, while 69% looked to stay within the metropolitan area.
- Across the nation, 0.82% of homebuyers searched to move into Franklin from outside metros.
- Washington homebuyers searched to move into Franklin more than any other metro followed by Richmond and New York.
Where are people moving to Franklin from?
- 69% of Franklin homebuyers searched to stay within the Franklin metropolitan area.
- Roanoke was the most popular destination among Franklin homebuyers followed by Lynchburg and Harrisonburg.
Where are people from Franklin moving to?
Number of People Moving to Franklin
least
most
People are moving to Franklin from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 1,997 | ||
| 2 | 813 | ||
| 3 | 519 | ||
| 4 | 249 | ||
| 5 | 164 | ||
| 6 | 158 | ||
| 7 | 141 | ||
| 8 | 119 | ||
| 9 | 87 | ||
| 10 | 62 | ||
People are leaving Franklin for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Dec '24 - Feb '25 | ||
| 1 | 122 | ||
| 2 | 97 | ||
| 3 | 95 | ||
| 4 | 72 | ||
| 5 | 67 | ||
| 6 | 60 | ||
| 7 | 59 | ||
| 8 | 57 | ||
| 9 | 49 | ||
| 10 | 44 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Franklin.
Provided by First Street Foundation
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