States · Virginia · Southampton County

Franklin, Virginia.

Typical home $250,368 (+1.5% in a year), asking rent $1,325 . Virginia Beach-Norfolk-Newport News, VA-NC metro.

What it costs per month · Franklin $1,314/mo

to buy the typical home at today's mortgage rate — +$755 (+135%) since Jan 2020.

What the home itself did
1 year
Up $3,622 +1%
$246,746$250,368 since Sep 2025
5 years
Up $60,931 +32%
$189,437$250,368 since Sep 2021

Monthly payment to buy the typical home

Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.

$500 $1,000 $1,500 $2,000 2002 2006 2010 2014 2018 2022 2026 Franklin $1,314 Virginia $2,164 United States $1,922
$500 $1,000 $1,500 $2,000 2002 2010 2018 2026
  • Franklin$1,314
  • Virginia$2,164
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 12 years.

Typical home values in Franklin, VA rose 1.5% over the past year — faster than the nation's +1.2%.

Living in Franklin, Southampton County, Virginia

Franklin is a city of 8,180 people in Southampton County. Half its households earn more than $63,245 a year and half less, against $70,795 across Southampton County; 19% of its people live below the poverty line. 54% of its homes are lived in by their owners and 46% are rented. Unemployment in Franklin was 5.4% in August 2026, and Southampton County had 2.8% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.

People 8,180 in the 2020 census; median age 38.3
Household income $63,245 the median, give or take $6,558 · Southampton County: $70,795
Unemployment 5.4% Franklin, August 2026; 5.1% a year before
Homes 54% lived in by their owners; 46% rented

Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.

What it’s like

The place. Franklin is a small city in Southampton County, in the flat country of southeastern Virginia. Its people are somewhat younger than in many towns where homeowners tend to retire, and incomes run below the county's. Homes are lived in by their owners somewhat more often than rented, though renting is common too, and more residents live below the poverty line than is typical. Winters are cool, with only a dusting of snow in most years, and summers are hot, with plenty of rain through the year.

Work. Most residents work in schools, hospitals and social care, with manufacturing, professional and business services, and retail also employing many. Among the largest workplaces in Franklin are Walmart, Franklin City Public Schools and Southampton Memorial Hospital. Unemployment is a little higher than a year ago, and the county has lost some jobs over the past year. A typical commute is moderate, and few people work from home.

Things to do. Much of what lies around Franklin is water and woodland. The Blackwater River and the Nottoway River are both a short drive away, and Antioch Pines Natural Area Preserve is also close by. A longer drive brings you to Merchants Millpond State Park, a protected area of wooded water.

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  • 3,454households
  • 27%of adults have a degree
  • 19%below the poverty line
  • 23 mintypical commute
  • 5%work from home

What residents work in

  • Schools, hospitals and social care35%
  • Manufacturing15%
  • Professional and business services9%
  • Shops (retail)8%
  • Restaurants, hotels and entertainment7%
  • Government6%

Employed residents by industry, from the Census survey. Southampton County had 3,487 jobs in 2025, 2.8% fewer than the year before (Bureau of Labor Statistics).

Weather through the year

Average daily high and low for each month: coldest in January, 50° and 29°; warmest in July, 89° and 69° 20° 40° 60° 80° J 50° 29° F M A M J J 89° 69° A S O N D
Average daily high and low for each month: coldest in January, 50° and 29°; warmest in July, 89° and 69° 20° 40° 60° 80° J 50° 29° F M A M J J 89° 69° A S O N D

Coldest in January, with highs near 50° and lows near 29°; warmest in July, with highs near 89° and lows near 69°. About 4 inches of snow and 48 inches of rain and melted snow a year.

Average daily high and low, 1991–2020, at the Holland East weather station, 10 miles away (NOAA).

Largest workplaces in Franklin

  1. WalmartWarehouse clubs and supercenters269
  2. Franklin City Public SchoolsSchool district201FTE
  3. Southampton Memorial HospitalGeneral hospital166FTE
  4. Paul D Camp Community CollegeTwo-year college149
  5. Lowe's Companies, INCHomecenter114
  6. The Village at Woods EdgeAssisted-living facilities with on-site nursing facilities101
  7. Food LionGrocery stores72
  8. Wawa SiteConvenience store30

Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 8 workplaces with 20 or more staff, 937 people in all. School districts come from the Common Core of Data (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.

Natural hazards

  1. Winter weatherRelatively high
  2. HurricanesRelatively high
  3. Strong windRelatively moderate
  4. Heat wavesRelatively moderate
  5. Ice stormsRelatively moderate
  6. LightningRelatively moderate

FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Franklin’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.

From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Southampton County and the Virginia Beach-Norfolk-Newport News, VA-NC metro.

Franklin home values

Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2018 2020 2022 2024 2026 Franklin $250,368 Virginia $412,252 United States $366,157
$200,000 $300,000 $400,000 2018 2022 2026
  • Franklin$250,368
  • Virginia$412,252
  • United States$366,157
Property tax, 2026 roll $1,862/yr median bill inside Franklin, effective 0.97% of estimated value — current assessment rolls, AssessorSearch Data Lab, quality-gated against the county's official figures

Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.

Sellers are cutting prices on about 1 in 4 Franklin listings — the market is cooling.

When this market ran hot

Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.

JFMAMJJASOND
2026
2025
2024
2023
2022
2021
2020
2019
2018
falling flat warming hot overheating runaway

Market heat, inside the city limits

Share of listings with a price cut

The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.

10% 20% 30% 2018 2019 2020 2021 2022 2023 2024 2025 2026 Franklin 25.44% United States 26.90%
10% 20% 30% 2018 2022 2026
  • Franklin25.44%
  • United States26.90%

Homes for sale

Active for-sale inventory. More supply hands power to buyers.

25 50 75 2018 2019 2020 2021 2022 2023 2024 2025 2026 Franklin 70
25 50 75 2018 2022 2026
  • Franklin70

New listings per month

Sellers arriving at the market.

10 15 20 2018 2019 2020 2021 2022 2023 2024 2025 2026 Franklin 14
10 15 20 2018 2022 2026
  • Franklin14

Zip codes with a Franklin address

A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.

Zip codes in Franklin