Franklin County, VA
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.99, -79.88.
Assembled 2026-10-07. Read the brief.
- 81st pct · 564th of 3,063 US counties · median $234,566
- 65th pct · 47th of 133 Virginia counties · median $307,999
- 100th pct · 1st of 6 counties in the Roanoke metro · median $303,776
- 61st pct · 1,183rd of 3,063 US counties · median +2.9%
- 67th pct · 44th of 133 Virginia counties · median +2.9%
- 40th pct · 4th of 6 counties in the Roanoke metro · median +4.0%
- 25th pct · 1,043rd of 1,399 US counties · median $1,496
- 8th pct · 72nd of 79 Virginia counties · median $1,757
- 0th pct · 5th of 5 counties in the Roanoke metro · median $1,561
- 66th pct · 1,083rd of 3,221 US counties · median 8,232
- 68th pct · 43rd of 133 Virginia counties · median 9,944
- 40th pct · 4th of 6 counties in the Roanoke metro · median 18,323
- 31st pct · 2,214th of 3,221 US counties · median $1,039
- 26th pct · 98th of 133 Virginia counties · median $1,048
- 0th pct · 6th of 6 counties in the Roanoke metro · median $1,232
- 90th pct · 292nd of 3,063 US counties · median 4.3
- 81st pct · 26th of 133 Virginia counties · median 5.4
- 100th pct · 1st of 6 counties in the Roanoke metro · median 4.4
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $365,972 (Aug 2026), +4.0% over one year, +30.8% over five
- 81st pct · 564th of 3,063 US counties · median $234,566
- 65th pct · 47th of 133 Virginia counties · median $307,999
- 100th pct · 1st of 6 counties in the Roanoke metro · median $303,776
| Item | Value | Distance |
|---|---|---|
| Franklin County, VA | $365,972 · +4.0% 1-yr |
Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.
Rents #
Typical rent $1,245/mo (Aug 2026), n/a over one year; price-to-rent 24.5
- 25th pct · 1,043rd of 1,399 US counties · median $1,496
- 8th pct · 72nd of 79 Virginia counties · median $1,757
- 0th pct · 5th of 5 counties in the Roanoke metro · median $1,561
| Item | Value | Distance |
|---|---|---|
| Franklin County, VA | $1,245/mo · n/a 1-yr |
Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).
What the typical home costs to carry #
Principal and interest of $2,003 a month on $365,972 at 7.28%, against an average weekly wage worth $4,147 a month: 48.3% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $365,972 × 80% = $292,777, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $2,003/mo principal and interest
- wage share = payment / (avg weekly wage $957 × 52 / 12 = $4,147) = 48% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $365,972 / ($957 × 52) = 7.4
- price-to-rent = $365,972 / ($1,245 × 12) = 24.5
The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.
Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.
Jobs & wages #
16,022 jobs at 1,623 employers (2026 Q1); +2.0% jobs and +4.2% average weekly wage over the year
- 66th pct · 1,083rd of 3,221 US counties · median 8,232
- 68th pct · 43rd of 133 Virginia counties · median 9,944
- 40th pct · 4th of 6 counties in the Roanoke metro · median 18,323
| Item | Value | Distance |
|---|---|---|
| Franklin County, VA | 16,022 jobs · $957/wk · +2.0% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 3,358 | $1,005 | 2.61 | +1.2% |
| Retail trade | 1,942 | $754 | 1.24 | +0.6% |
| Health care and social assistance | 1,908 | $942 | 0.79 | +0.0% |
| Construction | 1,562 | $1,044 | 1.86 | +7.3% |
| Accommodation and food services | 1,153 | $402 | 0.80 | -3.4% |
| Administrative and waste services | 760 | $784 | 0.83 | +6.7% |
| Professional and technical services | 451 | $1,898 | 0.41 | +13.3% |
| Other services | 424 | $761 | 0.89 | +1.7% |
| Wholesale trade | 418 | $1,784 | 0.68 | -0.9% |
| Finance and insurance | 324 | $1,624 | 0.50 | -2.4% |
| Educational services | 318 | $876 | 0.92 | +0.0% |
| Arts, entertainment and recreation | 318 | $451 | 1.21 | -5.1% |
BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.
Drought #
D1 moderate drought
Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.
US Drought Monitor current week; the highest class of any polygon containing the point.
Reservoirs #
Surface water layer not loaded
Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.
Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.
Stream gauges #
Surface water layer not loaded
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.
Groundwater #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.
USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.
Water stress #
moderate (0.25)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.25 / 0.35
Banks & federal dollars #
$1.2 bn in deposits at 14 offices of 6 banks (SOD June 2026); HHI 2,148, highly concentrated. $430.5 m federal obligations in FY2026 (direct payments $418.9 m, grants $7.4 m), $26,868 per covered job
| Item | Value | Distance |
|---|---|---|
| Carter Bank & Trust | $338.3 m · 28.0% share · 4 offices | |
| Truist Bank | $320.1 m · 26.5% share · 3 offices | |
| Atlantic Union Bank | $238.4 m · 19.8% share · 3 offices | |
| Franklin, VA | $430.5 m FY2026 · $26,868/job | |
| MULTIPLE RECIPIENTS | $411.7 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Carter Bank & Trust | $338,257,000 | 28.0% | 4 |
| Truist Bank | $320,104,000 | 26.5% | 3 |
| Atlantic Union Bank | $238,352,000 | 19.8% | 3 |
| First Horizon Bank | $140,348,000 | 11.6% | 2 |
| CNB Bank | $132,679,000 | 11.0% | 1 |
| Bank of Botetourt | $36,189,000 | 3.0% | 1 |
Deposit concentration is 2,148 across 6 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 6 banks with deposits in the county = 28.0² + 26.5² + 19.8² + … (3 more) = 2,148
FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.
Federal obligations #
USAspending place-of-performance obligations for FY2026, by awarding agency.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $360,724,654 |
| Department of Veterans Affairs | $41,814,236 |
| Department of Transportation | $9,043,496 |
| Railroad Retirement Board | $9,030,164 |
| Department of Education | $3,100,224 |
| Department of Agriculture | $2,914,556 |
| National Science Foundation | $2,403,070 |
| Federal Communications Commission | $776,348 |
| Department of Housing and Urban Development | $503,793 |
| Department of Health and Human Services | $169,193 |
| Small Business Administration | $0 |
| Department of the Interior | $0 |
That is $26,868 per covered job, against 16,022 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $430.5 m / 16,022 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $26,868
USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.
National context, not this county #
These are United States, single-gauge, single-state and port series. None of them is keyed to this county.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 12.69 | 2026-10-05 | +3.3% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.60 | 2026-10-06 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 3.00 | 2026-10-06 | -50.0% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 96.16 | 2026-09-29 | -3.2% |
| 30-year fixed mortgage rate · % | 7.28 | 2026-10-01 | +3.6% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 646,347.00 | 2026-08-01 | +1.1% |
The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.
What changed #
Franklin County, VA: 17 findings, 4 at a watch level and 13 noted
watchFranklin County, VA's price-to-rent ratio of 24.5 ranks 106th of 1,399 US counties, a watch level here: price-to-rent in the top tenth of US counties (position among the counties that published both ZHVI and ZORI this month; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: priceToRent percentile = 92.4892703862661 >= 90
- typical home value / (typical rent × 12); Zillow ZHVI over ZORI, same month
position among the counties that published both ZHVI and ZORI this month; not an official level
watchFranklin County, VA's typical asking rent is -3.1% against the previous month, a watch level here: typical asking rent at least 1 percent below the previous month (arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: rent.momPct = -3.0656581952031123 <= -1
- month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level
watchFranklin County, VA's years of wages of 7.4 ranks 292nd of 3,063 US counties, a watch level here: years of wages in the top tenth of US counties (position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-08.Show the arithmetic
- test: yearsOfWages percentile = 90.49640757674723 >= 90
- typical home value / (average weekly wage × 52); one average covered job, not a household
position among the counties that published both a ZHVI value and a QCEW average weekly wage; not an official level
watchFranklin County, VA's typical asking rent fell 3.1% from $1,285 in July 2026 to $1,245 in August 2026, on Zillow ZORI.
Period 2026-08.Show the arithmetic
- -3.1% = (1245.4444444444443 - 1284.8330336347447) / 1284.8330336347447 × 100
- 1245.4444444444443 = Zillow ZORI, 2026-08
- 1284.8330336347447 = Zillow ZORI, 2026-07
noteFranklin County, VA's average weekly wage was 4.2% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.
Period 2026 Q1.Show the arithmetic
- +4.2 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
- the newest QCEW file carries no year-earlier level, so no move from one level to another is printed
BLS QCEW over-the-year percent change, as published
Read all 12 findings in the full brief
Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.