Home Values

Franklin County Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$176,100

  • -2.3% 1-year change
  • 1.5% 1-year forecast

The median home value in Franklin County is $176,100. Franklin County home values have declined -2.3% over the past year and Zillow predicts they will rise 1.5% within the next year. The median list price per square foot in Franklin County is None.

Foreclosures will be a factor impacting home values in the next several years. In Franklin County 0.3 homes are foreclosed (per 10,000). This is lower than the national value of 3.5

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Franklin County is 3.7%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Franklin County homeowners underwater on their mortgage is 10.3%.

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Relative ZHVI
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Franklin County Market Overview

Data through May 31, 2015
  • $176,100 ZHVI
  • 1.5% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $185,880 Median sale price
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Franklin County Market Health

Data through May 31, 2015
  • No recent data Healthy
  • No data Average days on Zillow
  • 10.3% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 3.7% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Cities in Franklin County

Name Median ZHVI
Union Hall $404,400
Penhook $275,000
Wirtz $218,700
Name Median ZHVI
Boones Mill $143,900
Gladehill $140,800
Callaway $138,300
Name Median ZHVI
Rocky Mount $124,100
Ferrum $118,700
Henry $107,800

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $125 Median sale price / sq ft
  • No data Listings with price cut
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Franklin County Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,236 Franklin County
    $1,121 Roanoke Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.6 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $0.75 Rent list price / sq ft
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