Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.6 yrs |
|---|---|
| Avg HH Size | 2.47 |
| Below Poverty | 11.7% ▲ 17% above avg |
| College Grads | 36.2% ≈ Avg |
| Unemployment | 4.8% ≈ Avg |
| No HS Diploma | 78 (0.9%) |
| HS Graduate | 2,706 (32.3%) |
| Some College | 1,486 (17.7%) |
| Associates | 1,080 (12.9%) |
| Bachelors | 804 (9.6%) |
| Graduate Degree | 2,235 (26.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $73,333 ≈ Avg |
|---|---|
| Median Home Value | $222,700 ▼ 20% below avg |
| Home/Income Ratio | 3.0x (nat avg ~3.5x) |
| Median Rent | $1,006/mo |
| Total Housing Units | 6,063 |
| Vacant Units | 665 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin is a city in Virginia, located in Franklin (city) County. The city spans 1 ZIP code and is home to approximately 13,481 residents. It is a middle-aged city, with a median age of 42.6 years.
Economically, Franklin is a solidly middle-class community. The median household income of $73,333 is near the national average. Approximately 11.7% of residents live below the poverty line. The unemployment rate is 4.8%, near the national average.
The real estate market in Franklin is an affordable housing market. Median home values stand at $222,700, which is below the national average. Renters typically pay around $1,006 per month. Homeownership is high at 60.8%, typical of suburban and family-oriented communities.
The population of Franklin is moderately educated. 36.2% of adults hold a bachelor's degree or higher — near the national average. The community is racially diverse, with Black as the largest group at 45.3%.
Franklin, VA offers residents a cost-conscious lifestyle within Virginia.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 23851 | 13,481 | $73,333 | $222,700 | $1,006 | 4.8% | 36.2% | 60.8% |