Franklinville, NC—27248
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklinville, NC
As of Oct '25, the median home price in Franklinville, NC is $203,000, with a year-over-year change of 2.2%. This indicates that home prices in Franklinville, NC are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $203,000 | 2.2% |
| Single Family | $203,000 | 3.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $243,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,900 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,900 | $1,900 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklinville, NC
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklinville, NC is 82. This is a increase of 225.0% 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 62.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $322,000 | 11.0% |
Listing Count | 13 | 131.0% |
| Listings as % of Homes | 0.5% | 131.0% |
Days on Market | 82 | 225.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | N/A | N/A | $1,160 |
| 3 Bedroom | -$420 | $1,900 | $1,480 |
| 4 Bedroom | N/A | N/A | $1,660 |
Affordability — Franklinville, NC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $203,000 |
| Median Household Income | $61,700 |