$416,618Average Value$177Average Price per Sq Ft8Homes For Sale
A Roanoke neighborhood named for its convenience
Named for its two arterial streets, Franklin-Colonial is a southwest Roanoke neighborhood brimming with commercial and collegiate convenience. Fast food restaurants, shopping strips and the Tanglewood Mall line four-lane Franklin Road, which also offers a straight shot to downtown Roanoke. A glass skywalk stretches over Colonial Avenue, connecting Virginia Western Community College’s north and south campuses. The Murray Run Greenway is a 2-mile gravel trail that starts at the college and ends at Shrine Hill Park to the west. Residents also have easy access to the Roanoke River Greenway and 568-acre Mill Mountain Park, home of the world’s largest free-standing, man-made star. “This is one of busiest commercial areas in the city,” says Bob Chandler, a real estate agent with MKB Realtors, who has sold several homes in the area. “But it’s actually broken down into a few different subdivisions, so there’s still parts that feel quiet and suburban.”
The Franklin-Colonial neighborhood is primarily residential and has a mixture of house styles.
Mill Mountain Park is home to the Roanoke Star which is a popular attraction.
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Franklin-Roanoke is divided into subdivisions
Homes built between the 1950s and early 2000s line Franklin-Colonial’s hilly roads. Sprawling red-brick ranch styles sit on half-acre lots with Roanoke Star views in the Winding Way community. Windward has beige and vinyl-façade two-bedroom condos just off Ogden Road. Young oak trees and ornamental shrubs dot the grassy front lawns of four-bedroom New Traditional homes on Southwood’s cul-de-sacs. Buying anywhere in Franklin-Colonial typically costs between $250,000 and $650,000, a range similar to a Roanoke home’s average $300,000 selling price.
Franklin-Colonial is a charming neighborhood located in Roanoke, VA.
Franklin-Colonial is a Roanoke, Virginia neighborhood located in southwest Roanoke.
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National retailers at Tanglewood Mall, grocery stores in Towers Shopping Center
Cream tiles and escalators welcome patrons into the two-story Tanglewood Mall, located along the neighborhood’s southernmost point since 1973. TJ Maxx, Burlington and Belk are just a few stores that anchor the 788,600-square-foot shopping center. Residents can catch the latest blockbuster at the AMC Classic, just down the street from the mall’s main building. A neon red and blue “Tap Room” sign hangs over the mahogany bar at Montano’s International Gourmet, an upscale American dinner spot and fresh deli in Franklin Road’s Townside Festival Shopping Center. To the north, Towers Shopping Center on Colonial Avenue has a Fresh Market and Kroger for groceries, plus fast-casual chains like Cava and Chipotle. “Towers is the place for everyday errands in Southwest Roanoke,” says Chandler. “Most people go there at least once a week to get groceries, work out at Planet Fitness or pick up dinner.”
Montano's Restaurant is Franklin Colonial residents favorite one-stop place to dine.
Towers Shopping Center is Franklin-Colonial's most convenient shopping destination.
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Dual enrollment with Virginia Western Community College at Patrick Henry High
Children here can attend Fishburn Park Elementary and James Madison Middle, both of which receive B-minus grades from Niche. Then, they may continue to B-rated Patrick Henry High School, where dual enrollment classes with Virginia Western Community College include calculus, culinary arts and automotive technology.
Red brick and glass buildings fill Virginia Western Community College’s 70-acre campus along Colonial Avenue. Founded in 1966, the school offers 70 associate degree programs, including nursing, early childhood development and IT support. Those who don’t attend the school can still stroll around the Community Arboretum, a 2-acre on-campus flower garden filled with ivy-covered pergolas, pink milkweeds and 700 other plants. “Virginia Western is a commuter school,” says Chandler. “Students may live in nearby apartments, but they aren’t necessarily tied to the Franklin-Colonial area.”
Patrick Henry High School is ranked 196th within Virginia.
Virginia Western Community College is a public community college in Roanoke, Virginia.
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Easy access to Murray Run Greenway, the Roanoke River and Mill Mountain
Locals will find a Murray Run Greenway trailhead on McNeil Drive between James Madison Middle and Virginia Western Community College. The path starts at the 119-acre Fishburn Park, which has mountain biking trails, a 9-hole disc golf course and a playground. Continuing west, hikers will pass Woodlawn Park’s 6 acres of hardwood forest and Patrick Henry High’s baseball diamond. Tennis balls whack against rubber courts at 9-acre Shrine Hill Park, where the trail ends. The Roanoke River bisects River’s Edge Park, a green space just north of the neighborhood with youth soccer fields, baseball diamonds and access to the 10-mile Roanoke River Greenway. Mill Mountain Park is only 4 miles east of the neighborhood. A mile-long hike up the mountain’s 1,703-foot-tall peak leads to the neon red, white and blue Roanoke Star. On the way down, visitors can veer into the Mill Mountain Zoo, home to around 85 animals, including black bears and red pandas.
Mill Mountain Park has a variety of activities for visiting families to do.
Murray Run Greenway is popular for taking short hikes with Franklin-Colonial residents.
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Franklin-Colonial is a car-dependent community
“Franklin-Colonial has great access to several greenways, but other than that, it’s not a pedestrian-friendly area because of all the car traffic,” says Chandler. Franklin Road connects to Interstate 581, with downtown Roanoke 2 miles north and the Roanoke-Blacksburg Regional Airport 7 miles in the same direction. A 40-mile drive south on Interstate 81 leads to Blacksburg. Carilion Roanoke Memorial Hospital is less than 2 miles east on Belleview Avenue. Valley Metro bus stops on Franklin Road and Colonial Avenue follow Routes 51/52 and 55/56, circulating between Third Street Station and Tanglewood Mall. Cargo trains honk as they drive along the Norfolk Southern Railway through the neighborhood’s core. Downtown Roanoke’s Amtrak station carries passengers to cities like Boston and Washington D.C. via the Northeast Regional Route.
Franklin-Colonial residents find fun activities for their children to do at Tanglewood Mall.
Franklin-Colonial residents are close to Amtrak for easy traveling.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Jarrod Hines,
an experienced agent in this neighborhood.
Transit
Airport
Roanoke/Blacksburg Regional (Woodrum Field)
14 min drive
Bus
Franklin Nb & Willow Oak
Bus
Franklin Sb & Public Storage
Bus
Franklin Sb & Talecris Plasma
Bus
Franklin Sb & Transmission America
Bus
Mcclanahan Nb & Fresenius Dialysis Center
Bus
Colonial Sb & Clearfield
Bus
Colonial Nb & Mcneil (Vwcc)
Crime and Safety
1 - Low Crime, 10 - High Crime
Franklin-Colonial
US
Homicide
3
4
Sexual Assault
4
4
Assault with Weapon
3
4
Robbery
3
4
Burglary
5
4
Motor Vehicle Theft
4
4
Larceny
6
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Franklin-Colonial, Roanoke sell after 41 days on the market compared to the national average of 48 days. The average sale price for homes in Franklin-Colonial, Roanoke over the last 12 months is $308,077, down 4% from the average home sale price over the previous 12 months.
Spacious 4 Bed, 3 Bath Home with Endless Potential - Priced Below Appraisal! This expansive 4-bedroom, 3-bathroom home in Roanoke offers incredible square footage and the flexibility to accommodate a variety of living arrangements. Priced to Sell: At just $339,950, this home is listed significantly below its ''as-is'' appraisal of $365,000, presenting an immediate opportunity for equity! While
Updated Corner Lot Townhome-Convenient to Shopping, Hospitals, Restaurants, Schools. Total 3 bedrooms, 2.5 baths. Home offers 2 Story Great Room with Fireplace, Lots of Light, and Overlooking loft- open to Dining Area. Great kitchen with Granite Countertops and easy access to Deck. All appliances to pass with property. (New dishwasher installed) Great for Entertaining. First level Primary Suite
Don't miss this beautiful ranch-style home offering 3 spacious bedrooms and 2 full bathrooms. Enjoy stunning hardwood floors, modern kitchen and bathroom updates, built-in bookshelves, a large storage area, and a fenced-in backyard--perfect for relaxing or entertaining. Schedule your showing today before this opportunity is gone! All information is deemed reliable but not guaranteed and should
Recently renovated with new appliances and new flooring. Convenient location with private off street parking, close to shopping, eateries, and public transportation.
IF A LEASE IS SIGNED BY MAY 14th, GET 2 MONTHS FREE WITH A 14 MONTH LEASE | Two Bedroom One Bath | Apartment | Freshly Renovated | Flooring and Cosmetics May Vary By Unit | Stove and Fridge Provided | Laundry on-site | Water, Sewer, Trash to be billed to tenant by landlord per month | Pets considered on case by case basis | No smoking
Interested in learning more about homes in this area?
Reach out to
Jarrod Hines,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
2,809
Median Age
49
Population Density
3 ppl/acre
Population under 18
17.6%
Below the national average
23.8%
Population over 65
30.6%
Above the national average
19.1%
Finances
Median Household Income
$43,385
Significantly below the national average
$71,702
Average Household Income
$76,901
Education and Workforce
High School Graduates
93.3%
College Graduates
46.6%
Above the national average
34.1%
Advanced Degrees
23.1%
Above the national average
13.3%
% Population in Labor Force
57.8%
Weather
Annual Precipitation
43''
Average Winter Low Temperature
29°F
Average Summer High Temperature
88°F
Annual Snowfall
1''
Area Factors
Somewhat Bikeable
Bike Score®
20/ 100
Car-Dependent
Walk Score®
21/ 100
Some Transit
Transit Score®
29/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
