Franklin, VA Real Estate & Property Data

Franklin Real Estate Market Trends
Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Franklin, VA 23851. ATTOM’s Franklin real estate data is updated daily, and current market trends show that in Franklin, VA a total of 215 residential properties have sold over the past year. With a median home price of $235,000 in Franklin and a total of 2 foreclosures. Get detailed property data for Franklin, VA instantly. ATTOM is your one-stop-shop for the Franklin property reports and real estate data you need in Franklin, VA.

Franklin Real Estate Market Trends
Total Residential Properties 4,719
Total Commercial Properties 479
Avg. Home Age (Single Family Home) 53 Years
Avg. Square Feet (Single Family Home) 1,772
Total 2025 Residential Sales (year-to-date) 28
% of Homes Seriously Underwater (Q2 2025) 3.4%
Total 2024 Residential Sales 196
% of Equity Rich Homes (Q2 2025) 19.65%
Effective 2024 Property Tax 0.78%
Total Foreclosure Filings (year-to-date) 4
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Franklin, VA 23851 Real Estate Overview

There were 215 residential properties sold in the past year in Franklin, VA 23851. The median home value in Franklin, VA 23851 is $225,901. There are a total of 4,719 residential properties in the 23851.

Median Sales Price i
$235,000
(Feb 2025)
+16.1%
year-over-year
y-o-y
  • February '25 Feb '25 $235,000
  • January '25 Jan '25 $282,450
  • December '24 Dec '24 $305,000
  • November '24 Nov '24 $238,950
  • October '24 Oct '24 $272,000
  • September '24 Sep '24 $240,900
  • August '24 Aug '24 $240,000
  • July '24 Jul '24 $328,000
  • June '24 Jun '24 $229,990
  • May '24 May '24 $186,325
  • April '24 Apr '24 $250,000
  • March '24 Mar '24 $255,000
Median Down Payment i
$4,707
(Feb 2025)
-68.6%
year-over-year
y-o-y
  • February '25 Feb '25 $4,707
  • January '25 Jan '25 $115,000
  • December '24 Dec '24 $205,000
  • November '24 Nov '24 $32,535
  • October '24 Oct '24 $16,850
  • September '24 Sep '24 $26,000
  • August '24 Aug '24 $10,000
  • July '24 Jul '24 $32,950
  • June '24 Jun '24 $6,521
  • May '24 May '24 $41,500
  • April '24 Apr '24 $20,642
  • March '24 Mar '24 $33,195
Number of Homes Sold i
11
(Feb 2025)
-26.7%
year-over-year
y-o-y
  • February '25 Feb '25 11
  • January '25 Jan '25 17
  • December '24 Dec '24 13
  • November '24 Nov '24 18
  • October '24 Oct '24 14
  • September '24 Sep '24 14
  • August '24 Aug '24 22
  • July '24 Jul '24 19
  • June '24 Jun '24 14
  • May '24 May '24 14
  • April '24 Apr '24 21
  • March '24 Mar '24 23
Number of Purchase Loans i
11
(Feb 2025)
-21.4%
year-over-year
y-o-y
  • February '25 Feb '25 11
  • January '25 Jan '25 17
  • December '24 Dec '24 11
  • November '24 Nov '24 11
  • October '24 Oct '24 9
  • September '24 Sep '24 10
  • August '24 Aug '24 26
  • July '24 Jul '24 15
  • June '24 Jun '24 16
  • May '24 May '24 17
  • April '24 Apr '24 19
  • March '24 Mar '24 17
Number of REFI Loans i
1
(Feb 2025)
-87.5%
year-over-year
y-o-y
  • February '25 Feb '25 1
  • January '25 Jan '25 5
  • December '24 Dec '24 11
  • November '24 Nov '24 4
  • October '24 Oct '24 36
  • September '24 Sep '24 7
  • August '24 Aug '24 10
  • July '24 Jul '24 7
  • June '24 Jun '24 10
  • May '24 May '24 18
  • April '24 Apr '24 10
  • March '24 Mar '24 22
Number of HELOC Loans i
2
(Feb 2025)
-33.3%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 3
  • December '24 Dec '24 3
  • November '24 Nov '24 2
  • October '24 Oct '24 10
  • September '24 Sep '24 4
  • August '24 Aug '24 4
  • July '24 Jul '24 2
  • June '24 Jun '24 4
  • May '24 May '24 3
  • April '24 Apr '24 6
  • March '24 Mar '24 1

Franklin, VA 23851 Foreclosure Activity

There were a total of 2 Franklin, VA 23851 properties with a foreclosure filing in February 2025. Lenders started the foreclosure process on 2 Franklin, VA 23851 properties and repossessed 2 Franklin, VA 23851 properties through completed foreclosures (REOs) in February 2025.

Total Foreclosure Filings i
2
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 7
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 3
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 3
  • March '24 Mar '24 8
Foreclosure Starts i
2
(Feb 2025)
+100%
year-over-year
y-o-y
  • February '25 Feb '25 2
  • January '25 Jan '25 2
  • December '24 Dec '24 N/A
  • November '24 Nov '24 7
  • October '24 Oct '24 N/A
  • September '24 Sep '24 N/A
  • August '24 Aug '24 2
  • July '24 Jul '24 3
  • June '24 Jun '24 1
  • May '24 May '24 N/A
  • April '24 Apr '24 3
  • March '24 Mar '24 8
Completed Foreclosures (REOs) i
2
(Feb 2025)
  • February '25 Feb '25 2
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 1
  • October '24 Oct '24 2
  • September '24 Sep '24 N/A
  • August '24 Aug '24 N/A
  • July '24 Jul '24 N/A
  • June '24 Jun '24 N/A
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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