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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Franklinton, NC Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Franklinton, NC Housing Market Trends

With 2,657 people, 835 houses or apartments, and a median cost of homes of $211,257, house prices in Franklinton are solidly below the national average.

Single-family detached homes are the single most common housing type in Franklinton, accounting for 80.82% of the town's housing units. Other types of housing that are prevalent in Franklinton include mobile homes or trailers ( 8.22%), duplexes, homes converted to apartments or other small apartment buildings ( 5.38%), and a few large apartment complexes or high rise apartments ( 3.13%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Franklinton. Owner-occupied housing accounts for 67.66% of Franklinton's homes, and 59.20% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Franklinton's housing was primarily built during this period, from the '40s through the '60s. A full 37.77% of the town's housing hails from this era. Other housing ages represented in Franklinton include homes built before 1939 ( 27.50%) and housing constructed between 2000 and later ( 18.30%). There's also some housing in Franklinton built between 1970-1999 ( 16.44%).

Vacant housing appears to be an issue in Franklinton. Fully 18.30% of the housing stock is classified as vacant. Left unchecked, vacant Franklinton homes and apartments can be a drag on the real estate market, holding Franklinton real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Franklinton Home Appreciation Rates

Appreciation rates for homes in Franklinton have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 107.54%, which ranks in the top 30% nationwide. This equates to an annual average Franklinton house appreciation rate of 7.57%.

Over the last year, Franklinton appreciation rates have trailed the rest of the nation. In the last twelve months, Franklinton's appreciation rate has been 3.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Franklinton were at 1.24%, which equates to an annual appreciation rate of 5.07%.

Relative to North Carolina, our data show that Franklinton's latest annual appreciation rate is lower than 80% of the other cities and towns in North Carolina.

Average Home Values

Median Home Value

$211,257

Franklinton, NC Home Prices
> $1,467,000
$1,100,001 - $1,467,000
$733,001 - $1,100,000
$587,001 - $733,000
$440,001 - $587,000
$293,001 - $440,000
$147,001 - $293,000
$73,001 - $147,000
$0 - $73,000
1.1%
1.1%
1.5%
1.5%
2.1%
2.1%
1.0%
1.0%
8.6%
8.6%
21.3%
21.3%
32.2%
32.2%
24.5%
24.5%
7.7%
7.7%
0% 100.0%
% of Homes
Low

for North carolina

Low

for nation

Number of Homes And Apartments:

835

Franklinton Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,672 / per month

Homeownership Rate

Owners
Renters
67.7%
67.7%
32.3%
32.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
18.3%
18.3%
81.7%
81.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.3%
18.3%
16.4%
16.4%
37.8%
37.8%
27.5%
27.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
80.8%
80.8%
2.4%
2.4%
5.4%
5.4%
3.1%
3.1%
8.2%
8.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
4.9%
4.9%
27.4%
27.4%
48.7%
48.7%
10.5%
10.5%
8.5%
8.5%
0% 100.0%
% of Homes