Franklin County, NC
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 36.09, -78.28.
Assembled 2026-10-20. Read the brief.
- 80th pct · 595th of 3,063 US counties · median $230,451
- 74th pct · 26th of 100 North Carolina counties · median $270,749
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
- 18th pct · 2,485th of 3,062 US counties · median +2.9%
- 23rd pct · 77th of 100 North Carolina counties · median +1.1%
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
- 74th pct · 353rd of 1,358 US counties · median $1,506
- 80th pct · 13th of 62 North Carolina counties · median $1,550
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
- 64th pct · 1,145th of 3,221 US counties · median 8,232
- 43rd pct · 57th of 100 North Carolina counties · median 16,739
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
- 74th pct · 815th of 3,221 US counties · median $1,039
- 83rd pct · 17th of 100 North Carolina counties · median $984
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
- 77th pct · 705th of 3,063 US counties · median 4.2
- 66th pct · 34th of 100 North Carolina counties · median 5.0
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
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 $355,924 (Sep 2026), -0.3% over one year, +22.7% over five
- 80th pct · 595th of 3,063 US counties · median $230,451
- 74th pct · 26th of 100 North Carolina counties · median $270,749
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Franklin County, NC | $355,924 · -0.3% 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 $1,820/mo (Sep 2026), +3.8% over one year; price-to-rent 16.3
- 74th pct · 353rd of 1,358 US counties · median $1,506
- 80th pct · 13th of 62 North Carolina counties · median $1,550
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Franklin County, NC | $1,820/mo · +3.8% 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 $1,971 a month on $355,924 at 7.40%, against an average weekly wage worth $5,139 a month: 38.4% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $355,924 × 80% = $284,739, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $1,971/mo principal and interest
- wage share = payment / (avg weekly wage $1,186 × 52 / 12 = $5,139) = 38% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
- years of wages = $355,924 / ($1,186 × 52) = 5.8
- price-to-rent = $355,924 / ($1,820 × 12) = 16.3
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 #
14,906 jobs at 1,794 employers (2026 Q1); +3.3% jobs and +5.2% average weekly wage over the year
- 64th pct · 1,145th of 3,221 US counties · median 8,232
- 43rd pct · 57th of 100 North Carolina counties · median 16,739
- counties in the Raleigh-Cary metro: Rank context is unavailable: the manifest lists 3 counties in the Raleigh-Cary metro; fewer than 5 is too few to rank.
| Item | Value | Distance |
|---|---|---|
| Franklin County, NC | 14,906 jobs · $1,186/wk · +3.3% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 2,651 | $1,752 | 2.21 | -2.6% |
| Construction | 2,137 | $1,180 | 2.73 | +0.0% |
| Retail trade | 1,572 | $769 | 1.08 | +6.6% |
| Accommodation and food services | 1,090 | $399 | 0.81 | +3.6% |
| Health care and social assistance | 1,066 | $856 | 0.48 | +3.9% |
| Administrative and waste services | 790 | $725 | 0.93 | -10.4% |
| Wholesale trade | 685 | $1,676 | 1.20 | +12.7% |
| Professional and technical services | 521 | $1,824 | 0.51 | +1.2% |
| Educational services | 493 | $818 | 1.54 | -5.9% |
| Other services | 360 | $851 | 0.81 | +4.0% |
| Finance and insurance | 300 | $1,663 | 0.49 | +7.9% |
| Real estate and rental | 146 | $1,241 | 0.64 | +108.6% |
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 #
D2 severe 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 #
5 USGS reservoir gauges, no capacity figures to weight
Sites found: 5, 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.
| Site | Reading | Distance |
|---|---|---|
| FALLS LAKE ABOVE DAM NR FALLS, NC | 246.1 ft (USGS, no capacity on file) | 32 km |
| BEAVERDAM CREEK AT DAM NEAR CREEDMOOR, NC | 248.6 ft (USGS, no capacity on file) | 37 km |
| AFTERBAY RESERVOIR AT DAM NR MCGEHEES MILL, NC | 364.2 ft (USGS, no capacity on file) | 80 km |
| HYCO LAKE AT DAM NR ROXBORO, NC | 7.92 ft (USGS, no capacity on file) | 83 km |
| B. EVERETT JORDAN LAKE AT DAM NR MONCURE, NC | 213.4 ft (USGS, no capacity on file) | 86 km |
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 #
99 gauges · 0 flooding · 2 with quality panels averaging 100 % · 29 stale
Sites found: 99, 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.
| Site | Reading | Distance |
|---|---|---|
| TAR R AT US 401 AT LOUISBURG, NC | flow 38.6 ft³/s | 1 km |
| DEVILS CRADLE CREEK AT SR1412 NEAR ALERT, NC | flow 12.0 ft³/s · STALE | 13 km |
| TAR RIVER AT NC-581 NEAR SPRING HOPE, NC | flow 27.8 ft³/s | 29 km |
| TAR RIVER NEAR TAR RIVER, NC | flow 3.47 ft³/s | 29 km |
| LITTLE RIVER NEAR ZEBULON, NC | flow 2.56 ft³/s | 30 km |
| NEUSE RIVER NEAR FALLS, NC | flow 103.0 ft³/s | 31 km |
| SWIFT CREEK AT HILLIARDSTON, NC | flow 815.0 ft³/s · STALE | 33 km |
| PERRY CREEK AT PERRY CREEK ROAD NEAR RALEIGH, NC | stage 2.53 ft | 33 km |
| PERRY CREEK TRIBUTARY AT NEUSE, NC | flow 135.0 ft³/s · STALE | 34 km |
| TAR RIVER AT SR1001 AT STRICKLAND CROSSROADS, NC | stage 4.09 ft · STALE | 35 km |
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 #
30 wells in 0 named aquifers:
Sites found: 30, 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.
| Site | Reading | Distance |
|---|---|---|
| USGS-355457078232701 | depth 11.2 ft · 2026-10-19 | 21 km |
| USGS-355657078342601 | depth 45.0 ft · 2026-10-19 | 30 km |
| USGS-354818078234101 | depth 21.8 ft · 2026-10-19 | 33 km |
| USGS-360352078414401 | depth 33.2 ft · 2026-10-19 | 37 km |
| USGS-355717078404001 | depth 45.1 ft · 2012-04-02 | 38 km |
| USGS-355638078405301 | depth 160.9 ft · 2012-06-14 | 39 km |
| USGS-355641078410101 | depth 142.2 ft · 2012-03-28 | 39 km |
| USGS-354748078315901 | depth 31.7 ft · 2026-10-19 | 39 km |
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 (0.32)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.00 / 0.55
Banks & federal dollars #
$568.3 m in deposits at 10 offices of 7 banks (SOD June 2026); HHI 3,011, highly concentrated. $462.2 m federal obligations in FY2026 (direct payments $456.7 m, grants $4.6 m), $31,006 per covered job
| Item | Value | Distance |
|---|---|---|
| First-Citizens Bank & Trust Company | $258.2 m · 45.4% share · 2 offices | |
| First National Bank of Pennsylvania | $143.9 m · 25.3% share · 2 offices | |
| Truist Bank | $84.3 m · 14.8% share · 1 office | |
| Franklin, NC | $462.2 m FY2026 · $31,006/job | |
| MULTIPLE RECIPIENTS | $437.1 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| First-Citizens Bank & Trust Company | $258,178,000 | 45.4% | 2 |
| First National Bank of Pennsylvania | $143,930,000 | 25.3% | 2 |
| Truist Bank | $84,250,000 | 14.8% | 1 |
| Benchmark Community Bank | $48,308,000 | 8.5% | 2 |
| First Bank | $17,194,000 | 3.0% | 1 |
| Carter Bank & Trust | $12,819,000 | 2.3% | 1 |
| Woodforest National Bank | $3,668,000 | 0.6% | 1 |
Deposit concentration is 3,011 across 7 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.
HHI = Σ (share %)² over 7 banks with deposits in the county = 45.4² + 25.3² + 14.8² + … (4 more) = 3,011
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 | $369,676,143 |
| Department of Veterans Affairs | $66,529,180 |
| Department of Housing and Urban Development | $10,551,202 |
| Department of Agriculture | $8,904,497 |
| Federal Communications Commission | $1,941,663 |
| Department of Transportation | $1,721,507 |
| Department of Education | $1,337,214 |
| Railroad Retirement Board | $1,080,604 |
| Department of Justice | $435,592 |
| Department of Defense | $1,000 |
| Small Business Administration | $0 |
| Department of Health and Human Services | $0 |
That is $31,006 per covered job, against 14,906 jobs in the 2026 Q1 QCEW quarter.
per job = FY2026 obligations $462.2 m / 14,906 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $31,006
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 | 17.95 | 2026-10-18 | -2.6% |
| 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 · % | 72.20 | 2026-10-19 | +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 | 7.00 | 2026-10-13 | +133.3% |
| 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 | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| 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 | 652,115.00 | 2026-09-01 | +0.7% |
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, NC: 8 findings, 1 at a watch level and 7 noted
watchFranklin County, NC's typical home value is -0.3% against a year earlier, a watch level here: typical home value below a year ago (arithmetic on Zillow ZHVI, county and metro files; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: home.yoyPct = -0.3145131773936337 < 0
arithmetic on Zillow ZHVI, county and metro files; not an official level
noteFranklin County, NC's average weekly wage was 5.2% 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
- +5.2 % = 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
noteFranklin County, NC's covered employment was 3.3% 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
- +3.3 % = 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
noteFranklin County, NC's typical asking rent rose 0.5% from $1,811 in August 2026 to $1,820 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- +0.5% = (1820.3888888888887 - 1810.660823106247) / 1810.660823106247 × 100
- 1820.3888888888887 = Zillow ZORI, 2026-09
- 1810.660823106247 = Zillow ZORI, 2026-08
noteFranklin County, NC's momentum index of 0.56 ranks 9th of 100 North Carolina counties, against a median of 0.25.
Period 2026-09.Show the arithmetic
- 92 on the 0-to-100 scale across 100 North Carolina counties that published momentum
- momentum = Σ wᵢ · clip(changeᵢ / scaleᵢ, −1, 1) / Σ wᵢ over the terms present; weights and scales: home value 1-yr change 0.3 (±10%), rent 1-yr change 0.15 (±10%), jobs over-the-year change 0.3 (±3%), avg weekly wage over-the-year change 0.25 (±6%)
position among the entities that published this metric this period; not an official level
Read all 8 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.