Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.3 yrs |
|---|---|
| Avg HH Size | 2.19 |
| Below Poverty | 13.5% ▲ 35% above avg |
| College Grads | 30.4% ▼ 22% below avg |
| Unemployment | 1.4% ▼ 71% below avg |
| HS Graduate | 222 (44.9%) |
| Some College | 52 (10.5%) |
| Associates | 70 (14.2%) |
| Bachelors | 82 (16.6%) |
| Graduate Degree | 68 (13.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $62,250 ▼ 18% below avg |
|---|---|
| Median Home Value | $115,900 ▼ 58% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $872/mo |
| Total Housing Units | 331 |
| Vacant Units | 36 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in Minnesota, located in Renville County. The city spans 1 ZIP code and is home to approximately 697 residents. It is a mature city, with a median age of 45.3 years.
Economically, Franklin is a solidly middle-class community. The median household income of $62,250 is below the national average. Approximately 13.5% of residents live below the poverty line. The unemployment rate is 1.4%, well below the national average.
The real estate market in Franklin is one of the more affordable housing markets in the country. Median home values stand at $115,900, which is well below the national average. Renters typically pay around $872 per month. Homeownership is high at 88.5%, typical of suburban and family-oriented communities.
The population of Franklin is moderately educated. 30.4% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (85.22%).
Franklin, MN offers residents a cost-conscious lifestyle within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 55333 | 697 | $62,250 | $115,900 | $872 | 1.4% | 30.4% | 88.5% |