Franklin Colonial median real estate price is $522,142, which is more expensive than 58.9% of the neighborhoods in Virginia and 65.1% of the neighborhoods in the U.S.
The average rental price in Franklin Colonial is currently $1,310, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 87.2% of Virginia neighborhoods.
Franklin Colonial is a suburban neighborhood (based on population density) located in Roanoke, Virginia.
Franklin Colonial real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Franklin Colonial neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Real estate vacancies in Franklin Colonial are 4.8%, which is lower than one will find in 65.7% of American neighborhoods. Demand for real estate in Franklin Colonial is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
In a nation where 1 out of every 4 children lives in poverty, the Franklin Colonial neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
In addition, one of the most interesting things about the Franklin Colonial neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 53.5% of the households here made up of people living alone, NeighborhoodScout's research reveals that this is a larger proportion of people living alone than in 96.9% of the neighborhoods in America.
Also, if you're planning where to retire, the Franklin Colonial neighborhood in Roanoke is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in VA, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.0% of the neighborhoods in Virginia. If you are considering retiring to Virginia, this is a good neighborhood to look at.
Did you know that the Franklin Colonial neighborhood has more Austrian and French Canadian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.3% of this neighborhood's residents have Austrian ancestry and 3.2% have French Canadian ancestry.
Franklin Colonial is also pretty special linguistically. Significantly, 0.8% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 96.9% of the neighborhoods in America.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the Franklin Colonial neighborhood in Roanoke are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 83.6% of U.S. neighborhoods. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Franklin Colonial neighborhood, 48.7% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 23.0% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (16.9%), and 11.4% in clerical, assistant, and tech support occupations.
The most common language spoken in the Franklin Colonial neighborhood is English, spoken by 90.9% of households. Some people also speak Spanish (2.6%).
Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.
In the Franklin Colonial neighborhood in Roanoke, VA, residents most commonly identify their ethnicity or ancestry as English (18.3%). There are also a number of people of Irish ancestry (12.4%), and residents who report German roots (5.2%), and some of the residents are also of Asian ancestry (4.2%), along with some Scottish ancestry residents (3.8%), among others.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Franklin Colonial neighborhood spend under 15 minutes commuting one-way to work (56.0% of working residents), one of the shortest commutes across America.
Here most residents (67.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (16.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.