Franklin, VA housing market: August 2026
What's happening in the Franklin market right now.
Buyer's or seller's market?
Franklin, VA is a balanced market: homes in Southampton County sell in a median of 64 days, and the number for sale is +16.3% on a year ago. Neither side has a clear edge.
12-month outlook
−2% to +2.5% for the typical Franklin home value over the next 12 months.
A projection from past prices (the trend of the last 3 and 12 months, damped), not a prediction or advice. Local conditions can move faster than any trend.
Sources: Zillow Home Value Index, August 2026 · Zillow Observed Rent Index, August 2026 · Realtor.com county data, August 2026. Listing figures are for Southampton County as a whole.
Franklin market — questions answered
What is the typical home value in Franklin, VA?
$250,246 as of August 2026, +1.6% on a year earlier (Zillow Home Value Index).
Are home prices going up in Franklin, VA?
Yes — the typical home value changed +1.6% over the year to August 2026 and +32.7% over five years.
Is Franklin, VA a buyer's or seller's market?
It's balanced: the median home in Southampton County sells in 64 days (Realtor.com, August 2026).
How much is rent in Franklin, VA?
The typical rent is $1,325 a month as of August 2026 (Zillow Observed Rent Index).
How many homes are for sale in Franklin, VA?
50 homes were listed for sale across Southampton County in August 2026 (Realtor.com).
Who are the best real estate agents in Franklin, VA?
Homegrity lists 40 licensed Franklin agents, each checked against the state license register. Placement is never bought. See them at /real-estate-agents/franklin-va.