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Franklinville, NC—27248

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$208,000
3.1% YoY Growth
Household Income
$61,700
37.6% YoY Growth
Days on Market
62
2.0% Longer YoY
Home Price Forecast
2.5%
Median Rent
$1,900
0.0% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,900
0.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Franklinville, NC

As of Dec '25, the median home price in Franklinville, NC is $208,000, with a year-over-year change of 3.1%. This indicates that home prices in Franklinville, NC are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$208,0003.1%
Single Family $207,0004.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		N/AN/A
    3 Bed
    		$244,0003.8%
    4 Bed
    		N/AN/A
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    1.5%
    2 Bedrooms
    22.3%
    3 Bedrooms
    65.8%
    4 Bedrooms
    9.4%
    5+ Bedrooms
    1.0%

    Rental Trends — Franklinville, NC

    As of July '25, Rentcast reports the average rent in Franklinville, NC is $1,900, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Franklinville, NC is 3-bedrooms: $1,900. The most common rental property sizes in Franklinville, NC are 3-bedroom and 2-bedroom, accounting for 56.4% and 40.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,900
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,900$1,900
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    3.0%
    2 Bedrooms
    40.7%
    3 Bedrooms
    56.4%

    Property Listings — Franklinville, NC

    As of Dec '25, Realtor.com reports that the median days on market for a home in Franklinville, NC is 52. This is a increase of 129.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$304,00010.0%
    Listing Count
    		14100.0%
    Listings as % of Homes0.5%100.0%
    Days on Market
    		622.0%
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    Demographics — Franklinville, NC

    As of the latest ACS Survey released in 2023, Franklinville, NC has a population of 3,980, which has decreased by -6.4% over the past 5 years. Franklinville, NC is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		3,980-6.4%
    % Under 18
    		20.5%2.0%
    % Seniors
    		12.5%-26.0%
    % WFH
    		5.3%194.4%
    % w/ College Degree
    		15.3%6.2%
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    As of the latest ACS Survey released in 2023, Franklinville, NC is a predominantly white area, with 86.8% of the population identifying as white. The white population has grown by 1.6% in the last 5 years. The second most common race or ethnicity in Franklinville, NC is hispanic, making up 8.8% of the population. Foreign-born residents account for 3.0% of the population in Franklinville, NC, and this percentage has decreased by 30.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.8%1.6%
    % Black
    		3.0%57.9%
    % Hispanic
    		8.8%1.1%
    % Asian
    		0.0%-100.0%
    % Foreign Born
    		3.0%-30.2%
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    Mortgage and Risk — Franklinville, NC

    According to HUD data as of 2023, there were 92 mortgage originations in Franklinville, NC, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Franklinville, NC. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		92
    % Conventional Loans
    		74.0%
    % Government Loans
    		26.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		11.0%
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    Rentals and Section 8 — Franklinville, NC

    Franklinville, NC lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		11
    Total Units Section 8
    		11
    % Rentals under Section 8
    		3.9%
    % Occupied Section 8
    		N/A

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$1,050
    2 BedroomN/AN/A$1,160
    3 Bedroom-$420$1,900$1,480
    4 BedroomN/AN/A$1,660

    Affordability — Franklinville, NC

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.8
    Median Home Price$208,000
    Median Household Income$61,700

    Franklinville, NC — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    27203

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    Frequently Asked Questions