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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Franklinton & Beyond
Franklinton shares many of the great qualities that make North Carolina a desirable place to live.
North Carolina is diverse, with coastal beaches and mountainous regions, creating a one-of-a-kind experience. North Carolina is known for its beautiful landscapes, including the Blue Ridge Mountains, Great Smoky Mountains, and Outer Banks, as well as popular tourist destinations like the North Carolina Zoo and USS North Carolina Battleship Memorial. The state is home to several major universities, including North Carolina State University, Duke University, and the University of North Carolina at Chapel Hill. It also offers historic sites like the Biltmore Estate and Wright Brothers National Memorial.
There is a strong sports culture in North Carolina, with popular teams including the Carolina Panthers (NFL), Carolina Hurricanes (NHL), and Charlotte Hornets (NBA) and a rabid college sports scene. North Carolina also has a vibrant arts and theater scene, with some of the country's most prestigious performance venues, like the Durham Performing Arts Center and the Blumenthal Performing Arts Center.
With an affordable cost of living, abundant job opportunities, high quality of life, stunning natural beauty, top-notch education, and a wealth of cultural offerings, North Carolina is a top choice for many looking for a great place to live.
Rental Market Trends
Franklinton, NC
As of June 2026, Franklinton's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Franklinton's average rent is 1.1% ($16) higher than the North Carolina average of $1,485 and 16.5% ($296) lower than the U.S. average of $1,797.
Average Rent
$1,501
Monthly ChangeMonth Over Month Change
25.1% ($301)
Yearly ChangeYear Over Year Change
5.1% ($80)
Avg. Days on MarketAverage Days on Market
37
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $973 | 1.7% ($17) | 27.5% ($369) |
| 2 Beds | $1,128 | 1.8% ($21) | 25.4% ($384) |
| 3 Beds | $1,546 | 3.2% ($48) | 19.8% ($381) |
| Nearby Cities | Average Rent | Avg. Rent vs. FranklintonAverage Rent vs. Franklinton | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Youngsville | $1,790 | 19.3% ($289) | 37 days |
| Wake Forest | $1,799 | 19.9% ($298) | 22 days |
| Creedmoor | $1,452 | 3.3% ($49) | 33 days |
| Rolesville | $1,768 | 17.8% ($267) | 26 days |
| Louisburg | $1,392 | 7.3% ($109) | 34 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Franklinton Rental Market FAQs
Explore rental prices, market trends, and availability in Franklinton, NC.
The average rent in Franklinton, NC is $1,501 per month.
Apartments in Franklinton typically rent for between $681 and $2,010 per month, with an average of $1,501 per month.
In Franklinton, the average rent for a 1-bedroom apartment is $973 per month, for a 2-bedroom apartment, $1,128 per month, and a 3-bedroom apartment is $1,546 per month.
The average rent in Franklinton is 16.5% ($296) lower than the national average of $1,797 per month.
The average rent in Franklinton has increased by 25.1% ($301) in the last month and decreased by 5.1% ($80) over the past year.
The rental market in Franklinton, NC, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Franklinton, NC, the average rental stays on the market for approximately 37 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 4 rental properties available in Franklinton, NC.
Based on the current averages, a household would need an annual income of $45,120 to comfortably afford a 2-bedroom apartment in Franklinton.
