Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 48.8 yrs |
|---|---|
| Avg HH Size | 2.33 |
| Below Poverty | 14.2% ▲ 42% above avg |
| College Grads | 28.7% ▼ 26% below avg |
| Unemployment | 6.8% ▲ 40% above avg |
| No HS Diploma | 7 (0.4%) |
| HS Graduate | 566 (34.1%) |
| Some College | 239 (14.4%) |
| Associates | 373 (22.4%) |
| Bachelors | 122 (7.3%) |
| Graduate Degree | 355 (21.4%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $66,607 ▼ 13% below avg |
|---|---|
| Median Home Value | $235,800 ▼ 15% below avg |
| Home/Income Ratio | 3.5x (nat avg ~3.5x) |
| Median Rent | $899/mo |
| Total Housing Units | 1,613 |
| Vacant Units | 665 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in Maine, located in Hancock County. The city spans 1 ZIP code and is home to approximately 2,218 residents. It is a mature city, with a median age of 48.8 years.
Economically, Franklin is a solidly middle-class community. The median household income of $66,607 is near the national average. Approximately 14.2% of residents live below the poverty line. The unemployment rate is 6.8%, above the national average.
The real estate market in Franklin is an affordable housing market. Median home values stand at $235,800, which is below the national average. Renters typically pay around $899 per month. Homeownership is high at 76.3%, typical of suburban and family-oriented communities.
The population of Franklin is moderately educated. 28.7% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.06%).
Franklin, ME offers residents a cost-conscious lifestyle within Maine.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 04634 | 2,218 | $66,607 | $235,800 | $899 | 6.8% | 28.7% | 76.3% |