Franklin, VA
8,250Residents
$63,245Median household income
$988/moMedian gross rent
$256,600Median home value
38.3Median age
27%Adults with a bachelor’s degree or higher
54%Homes lived in by their owners
4.1×Home value to household income
Median rent takes about 19% of the median household income in Franklin.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $40,000 a year. In Virginia that leaves roughly $2,677 a month after tax. See the full paycheck breakdown for $40,000.
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Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.