Franklin County VA Data & Peer Group Rankings

HOUSING AFFORDABILITY INDEX
Franklin County VA Housing Affordability Index is 123 State of Virginia Housing Affordability Index is 126
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX
Franklin County VA Wealth Index is 91 State of Virginia Wealth Index is 124
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties / Independent Cities, and ZIP Codes.

POPULATION
Total Population	58,007 (100%)
Population in Households	56,699 (97.7%)
Population in Families	46,852 (80.8%)
Population in Group Quarters¹	1,308 ( 2.3%)
Population Density	84
Diversity Index²	27

INCOME
Median Household Income	$53,781
Average Household Income	$72,761
Per Capita Income	$29,255
Wealth Index⁴	91

HOUSING
Total Housing Units	30,541 (100%)
Owner Occupied HU	18,737 (61.4%)
Renter Occupied HU	4,567 (15.0%)
Vacant Housing Units	7,237 (23.7%)
Median Home Value	$225,814
Housing Affordability Index³	123

HOUSEHOLDS
Total Households	23,304
Average Household Size	2.43
Family Households	16,321
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Franklin County VA - Peer Comparisons by Rank and Percentile

The table below compares Franklin County to the other 133 counties / independent cities and county equivalents in Virginia by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2019	2019-2024
Population	0.35%	0.45%
Households	0.25%	0.41%
Families	0.16%	0.35%
Median Household Income		1.88%
Per Capita Income		2.47%

Variable Description	Rank	Percentile
Total Population	# 32	77th
Population Density	# 80	41st
Diversity Index	# 102	24th
Median Household Income	# 63	53rd
Per Capita Income	# 59	56th

Franklin County VA Information

Franklin County VA Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

WEALTH INDEX

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Franklin County VA - Peer Comparisons by Rank and Percentile

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