Home prices
The median home cost in Franklin is $118,300. It is about $68,060 (36%) lower compared to its nearby areas.It is about $99,200 (45%) lower in comparison to the country as a whole, and it is roughly $41,800 (26%) lower in comparison to the city of Lynchburg.
Rents
Franklin's median monthly rent is $477. Compared to its nearby areas it is approximately $299 (38%) lower.In comparison to the US as a whole it is roughly $585 (55%) lower, and compared to the city of Lynchburg is roughly $380 (44%) lower.
Nearby places
Durbin
Durbin is approximately 24 miles west of Franklin. Housing prices there are substantially less expensive. Durbin's median home price is $67,100, which is $51,200 (76%) lower than Franklin. Rents there are a little more expensive. In Durbin the median monthly rent is $588, which comes out to $111 (18%) higher than Franklin.
Dayton
Dayton is roughly 24 miles southeast from Franklin. The real estate prices there are significantly more expensive. The median home in Dayton is valued at $230,500, which is $112,200 (48%) higher than Franklin. Rent there is a lot more expensive. Dayton's median monthly rent is $769, which comes out to $292 (37%) higher than Franklin.
Bridgewater
Bridgewater is roughly 24 miles southeast from Franklin. Its real estate prices are significantly more expensive. The median home in Bridgewater is valued at $234,300, which comes out to $116,000 (49%) higher than Franklin. Rent there is substantially more expensive. The median rent in Bridgewater is $896 a month, which works out to $419 (46%) higher than Franklin.
Broadway
Broadway is roughly 24 miles east from Franklin. Its housing prices are significantly more expensive. Broadway's median home value is $196,300, which is $78,000 (39%) higher than Franklin. Its rents are a lot more expensive. Broadway's median monthly rent is $743, which comes out to $266 (35%) higher than Franklin.
Harrisonburg
Harrisonburg is about 25 miles southeast from Franklin. Its real estate prices are a lot more expensive. The median home value in Harrisonburg is $203,600, which comes out to $85,300 (41%) higher than Franklin. Rent there is a lot more expensive. The median rent in Harrisonburg is $883 a month, which comes out to $406 (45%) higher than Franklin.
