Market insights · Virginia
Franklin County, VA: growth, migration and housing
Franklin County has 55,526 residents, up 1.9% since 2020 (-0.1% in the last year). In 2022–2023, 1,327 households moved in and 1,162 moved out (+165 net), bringing in a net $22.7M of income. Median household income is $68,849, the median home $240,400 and median rent $829 a month.
In Virginia: 63rd of 133 counties for 5-year population growth · 49th of 133 counties for net in-migration (per resident) · 66th of 133 counties for median household income · 76th of 133 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Franklin County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Roanoke city, VA | 144 | $7.6M |
| Roanoke County, VA | 132 | $9.2M |
| Bedford County, VA | 116 | $9.2M |
| Henry County, VA | 75 | $3.8M |
| Botetourt County, VA | 33 | $2.0M |
| Pittsylvania County, VA | 31 | $1.6M |
| Salem city, VA | 25 | $1.4M |
Where leavers went
Top counties by households leaving Franklin County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Roanoke city, VA | 163 | $7.8M |
| Roanoke County, VA | 142 | $10.8M |
| Bedford County, VA | 88 | $4.6M |
| Henry County, VA | 68 | $2.5M |
| Botetourt County, VA | 26 | $1.5M |
| Pittsylvania County, VA | 24 | $1.3M |
| Salem city, VA | 20 | $1.3M |
BizyFi in Franklin County
Fewer than 3 companies in the BizyFi directory are based here. Search them on the company map (company names with a free account), or browse Virginia companies.
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.