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CITY

Franklin

Virginia · 8,478 residents (2025 est.) · 8.277 sq mi
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The short version

Franklin has lower-than-average household income, with a median household income of $63,245. Population has held roughly steady since 2000. Median home value has more than doubled since 2000, reaching $256,600. Households here earn about 32% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $82,259
Mid-age
median age 38.3
US median: 38.9
Less educated
27% hold a bachelor's degree
US average: 36%
Less affordable
home values up 50%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
8,250
−1%since 2000
from 8,346 in 2000
1990 – 2025
Population density
997 / sq mi
−1%since 2000
from 1,008 / sq mi in 2000
US average: 281
Median age
38.3
−4%since 2000
from 39.9 in 2000
US average: 38.9

PEP 2025 EST:8,478 residents (Census Bureau Vintage 2025, released March 2026)

Population, 1990 – 2024
8K8K8K9K9K1990201020202024Franklin
20248K
1990201020202024
Section 02

Income & economy

Median household income
$63,245
+10%inflation adjusted, since 2000
from $31,687 in 2000
US average: $82,259
1990 – 2024
Per capita income
$31,433
+69%since 2000
from $18,573 in 2000
US average: $44,673
Households earning $100K+
41.3%
+15.2 ptssince 2009
from 26.0% in 2009
US average: 53.3%
Poverty rate
19.3%
−0.5 ptssince 2000
from 19.8% in 2000
US average: 12.5%
Income inequality (Gini)
0.426
−10%since 2010
from 0.475 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade14.7%
US avg: 9.9%
Information8.2%
US avg: 10.8%
Other services4.9%
US avg: 6.7%
Wholesale trade4.7%
US avg: 6.9%
Finance & insurance3.1%
US avg: 5.9%
Professional, scientific, technical2.8%
US avg: 5.1%
Public administration2.6%
US avg: 4.8%
Transportation & warehousing2.5%
US avg: 2.2%
Arts, entertainment, food0.6%
US avg: 1.9%
Education & health services0.4%
US avg: 0.9%
Agriculture, forestry, fishing0.3%
US avg: 1.6%
Construction0.3%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$256,600
+50%inflation adjusted, since 2000
from $93,800 in 2000
US average: $376,019
1990 – 2024
Median gross rent
$988
+10%inflation adjusted, since 2000
from $493 in 2000
US average: $1,442
Owner-occupied
53.9%
+0.2 ptssince 2000
from 53.7% in 2000
46.1% rent
Vacancy rate
11.7%
+2.1 ptssince 2009
from 9.5% in 2009
US average: 10.0%
Owner cost-burdened
19.1%
−5.2 ptssince 2009
from 24.3% in 2009
US average: 22.9%
Renter cost-burdened
49.0%
−10.8 ptssince 2009
from 59.8% in 2009
US average: 47.4%
Afford Score
4.1
+37%since 2000
from 3.0 in 2000
1990 – 2024
Gentrification Score
60
RELATED:See current rent listings in Franklin on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic45.5%(3,800)
Black52.1%(4,351)
Hispanic / Latino0.6%(46)
Asian0.8%(65)
Other0%
Diversity Score63.9%(5,331)
2024
White, non-Hispanic37.7%(3,114)
Black54.8%(4,524)
Hispanic / Latino3.2%(261)
Asian0%(3)
Other4.2%(348)
Diversity Score69.3%(5,714)
Diversity Score
69
+8%since 2000
from 64 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
27.3%
+10.9 ptssince 2000
from 16.4% in 2000
US average: 35.6%
High school or higher
86.2%
+15.3 ptssince 2000
from 71.0% in 2000
US average: 89.6%
Graduate degree
10.6%
+5.4 ptssince 2000
from 5.1% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
23.3 min
+42%since 2000
from 16.4 min in 2000
US average: 26.5
Drive alone to work
84.4%
+9.0 ptssince 2009
from 75.5% in 2009
US average: 68.9%
Carpooled to work
4.1%
−13.9 ptssince 2009
from 17.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
4.7%
+2.9 ptssince 2009
from 1.8% in 2009
US average: 15.0%
Walked to work
4.3%
+3.8 ptssince 2009
from 0.4% in 2009
US average: 2.4%
Biked to work
0.0%
−1.7 ptssince 2009
from 1.7% in 2009
US average: 0.4%
No vehicle available
9.1%
−8.3 ptssince 2009
from 17.4% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
7.9%
−5.9 ptssince 2011
from 13.8% in 2011
US average: 5.2%
Labor force participation
56.6%
+2.9 ptssince 2011
from 53.7% in 2011
US average: 63.5%
Self-employed
22.3%
+3.2 ptssince 2009
from 19.1% in 2009
US average: 13.1%
Management & professional
39.3%
−23.9 ptssince 2009
from 63.2% in 2009
US average: 42.5%
Section 08

People & community

Male
46.2%
+1.0 ptssince 2009
from 45.1% in 2009
Female
53.8%
−1.0 ptssince 2009
from 54.9% in 2009
Foreign born
0.8%
−0.1 ptssince 2009
from 1.0% in 2009
US average: 14.1%
Veterans
12.3%
−30.6 ptssince 2009
from 42.8% in 2009
US average: 6.2%
With a disability
22.6%
+4.2 ptssince 2012
from 18.4% in 2012
US average: 13.3%
Uninsured
2.9%
−78.2 ptssince 2013
from 81.1% in 2013
US average: 8.4%
Broadband at home
92.2%
+26.1 ptssince 2017
from 66.1% in 2017
US average: 91.0%
English only at home
98.3%
+0.1 ptssince 2016
from 98.1% in 2016
US average: 77.7%
Spanish at home
1.5%
+0.6 ptssince 2016
from 0.9% in 2016
US average: 13.6%
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FRANKLIN VS
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FRANKLIN VS
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FRANKLIN VS
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Frequently asked

How many people live in Franklin, Virginia?

Franklin, Virginia has about 8,250 residents according to the 2024 American Community Survey.

What is the median household income in Franklin, Virginia?

The typical household in Franklin, Virginia earns about $63,245 a year. Half of households make more than that, and half make less.

Is Franklin, Virginia expensive?

In Franklin, Virginia, the median home is worth about $256,600, and the typical rent is about $988 a month.

How educated are people in Franklin, Virginia?

About 27.3% of adults age 25 and over in Franklin, Virginia hold a bachelor's degree or higher.

What is the poverty rate in Franklin, Virginia?

About 19.3% of people in Franklin, Virginia live below the federal poverty line.

Has Franklin, Virginia grown since 1990?

Yes, Franklin, Virginia has grown since 1990. The population has added about 386 residents, a change of about 5 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →