Franconia, VA
Population 18,141 · Virginia
About Franconia, VA
Franconia is a mid-sized city located in Virginia with a population of 18,141 residents according to the latest US Census Bureau American Community Survey data. The median household income is $152,007 per year, which is 102% above the national median of $75,149. The median age of 40.7 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Franconia features a median home value of $557,800, which is 128% above the national median of $244,900. This places Franconia in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $2,469, 112% above the national average of $1,163/month. Of the 7,777 total housing units, 77% are owner-occupied (5,821 units) and 23% are renter-occupied (1,724 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franconia shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 3.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franconia have an average one-way commute time of 30.9 minutes.
Education & Demographics
65.3% of Franconia residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 1.2% White, 2.4% Hispanic or Latino, 0.7% Black or African American, and 12.1% Asian residents, with 26.7% of the population being foreign-born.
Cost of Living in Franconia, VA
Compared to national averages, Franconia has a median household income of $152,007 (102% above the national median of $75,149). Home values average $557,800, which is 128% above the national median. Monthly rent at $2,469 is 112% above the US average of $1,163. Within Virginia, Franconia's income is 73% above the state average of $87,957, and home values are 70% above the state median of $327,514.
Why Live in Franconia, VA?
Franconia offers a strong local economy with a median household income of $152,007, well above the national average, and a strong job market with an unemployment rate of just 2.8%, and a well-educated community where 65.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 3.0%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $557,800. However, Franconia’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franconia has a population of 18,141 with a median age of 40.7 years. Compare Franconia with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Franconia
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Laurel | 18,180 | $69,932 | $272,300 | Compare |
| Colonial Heights | 18,210 | $76,250 | $231,700 | Compare |
| Gainesville | 18,036 | $168,978 | $660,800 | Compare |
| Hybla Valley | 17,877 | $72,068 | $523,000 | Compare |
| Sudley | 18,420 | $92,101 | $417,100 | Compare |
| Franklin Farm | 18,509 | $210,169 | $810,600 | Compare |
| Midlothian | 18,702 | $105,927 | $381,600 | Compare |
| Idylwood | 17,469 | $118,443 | $708,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franconia With Other Cities
Frequently Asked Questions about Franconia
What is the population of Franconia, VA?
The population of Franconia, VA is 18,141 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Virginia.
What is the median household income in Franconia?
The median household income in Franconia, VA is $152,007 per year, which is 102% above the national median of $75,149.
What is the median home value in Franconia?
The median home value in Franconia, VA is $557,800, which is 128% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franconia?
The median monthly rent in Franconia, VA is $2,469, which is 112% above the national average of $1,163/month.
What is the unemployment rate in Franconia?
The unemployment rate in Franconia, VA is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Franconia, VA a good place to live?
Franconia offers above-average incomes, a competitive housing market, and a strong job market. With a population of 18,141 and a median age of 40.7, the city appeals to a broad range of residents.
How educated is Franconia, VA?
65.3% of residents in Franconia aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Franconia?
Key cost-of-living indicators for Franconia, VA: median home value is $557,800 (128% above national), median rent is $2,469/month, and median household income is $152,007. The home-value-to-income ratio is 3.7x, a moderate figure by national standards.
What is the poverty rate in Franconia?
The poverty rate in Franconia, VA is 3.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franconia, VA?
Franconia's population is 1.2% White, 2.4% Hispanic or Latino, 0.7% Black or African American, 12.1% Asian, and 21.8% two or more races. 26.7% of residents are foreign-born.