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CITY · 2020 ACS

Franklin

Virginia · 8,180 residents · 8.277 sq mi
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The short version

Franklin has lower-than-average household income, with a median household income of $49,811. Population has held roughly steady since 2000. 19% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $179,200. Households here earn about 35% less than the Virginia median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 43.8
US median: 38.8
Less educated
19% hold a bachelor's degree
US average: 33%
Less affordable
home values up 27%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
8,180
−2%since 2000
from 8,346 in 2000
1990 – 2025
Population density
988 / sq mi
−2%since 2000
from 1,008 / sq mi in 2000
US average: 280
Median age
43.8
+10%since 2000
from 39.9 in 2000
US average: 38.8
Population, 1990 – 2024
8K8K8K9K9K1990201020202024Franklin
20248K
1990201020202024
Section 02

Income & economy

Median household income
$49,811
+5%inflation adjusted, since 2000
from $31,687 in 2000
US average: $66,278
1990 – 2024
Per capita income
$25,900
+39%since 2000
from $18,573 in 2000
US average: $35,364
Households earning $100K+
24.0%
−2.0 ptssince 2009
from 26.0% in 2009
US average: 43.9%
Poverty rate
17.5%
−2.3 ptssince 2000
from 19.8% in 2000
US average: 12.8%
Workforce by industry, 2020
Retail trade20.5%
US avg: 10%
Information11%
US avg: 11.1%
Other services4.7%
US avg: 6.6%
Finance & insurance3.2%
US avg: 5.5%
Transportation & warehousing3.2%
US avg: 2.5%
Professional, scientific, technical3%
US avg: 4.7%
Wholesale trade2.8%
US avg: 6.7%
Public administration1.9%
US avg: 4.7%
Arts, entertainment, food0.4%
US avg: 2%
Education & health services0.3%
US avg: 0.8%
Agriculture, forestry, fishing0%
US avg: 1.7%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$179,200
+27%inflation adjusted, since 2000
from $93,800 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$833
+12%inflation adjusted, since 2000
from $493 in 2000
US average: $1,124
Owner-occupied
48.8%
−4.9 ptssince 2000
from 53.7% in 2000
51.2% rent
Afford Score
3.6
+22%since 2000
from 3.0 in 2000
1990 – 2024
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)
2020
White, non-Hispanic36.3%(2,966)
Black56.4%(4,610)
Hispanic / Latino2.7%(218)
Asian1%(81)
Other2.8%(232)
Diversity Score67.6%(5,533)
Diversity Score
68
+6%since 2000
from 64 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
19.0%
+2.5 ptssince 2000
from 16.4% in 2000
US average: 32.9%
High school or higher
83.7%
+12.7 ptssince 2000
from 71.0% in 2000
US average: 88.5%
Graduate degree
5.7%
+0.5 ptssince 2000
from 5.1% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
26.3 min
+60%since 2000
from 16.4 min in 2000
US average: 26.9
Drive alone to work
84.7%
+9.2 ptssince 2009
from 75.5% in 2009
US average: 75.1%
No vehicle available
9.3%
−8.2 ptssince 2009
from 17.4% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.9%
−3.9 ptssince 2011
from 13.8% in 2011
US average: 5.4%
Labor force participation
62.3%
+8.6 ptssince 2011
from 53.7% in 2011
US average: 63.4%
Management & professional
23.0%
−40.3 ptssince 2009
from 63.2% in 2009
US average: 39.3%
Section 08

People & community

Male
45.6%
+0.4 ptssince 2009
from 45.1% in 2009
Female
54.4%
−0.4 ptssince 2009
from 54.9% in 2009
Foreign born
3.1%
+2.1 ptssince 2009
from 1.0% in 2009
US average: 13.5%
Uninsured
4.7%
−76.4 ptssince 2013
from 81.1% in 2013
US average: 8.8%
Drill deeper

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Compare Franklin to nearby cities

FRANKLIN VS
Suffolk
Income$92,666+86%
Home value$347,400+94%
Population104,699+1135%
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FRANKLIN VS
Smithfield
Income$113,158+127%
Home value$374,900+109%
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FRANKLIN VS
Carrollton
Income$110,956+123%
Home value$423,900+137%
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FRANKLIN VS
Portsmouth
Income$60,491+21%
Home value$246,900+38%
Population96,777+1042%
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Frequently asked

How many people live in Franklin, Virginia?

Franklin, Virginia has about 8,180 residents according to the 2020 American Community Survey.

What is the median household income in Franklin, Virginia?

The typical household in Franklin, Virginia earns about $49,811 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 $179,200, and the typical rent is about $833 a month.

How educated are people in Franklin, Virginia?

About 19.0% 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 17.5% 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 316 residents, a change of about 4 percent over that period.

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

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