Last updated: 2024 BLS data · Page refreshed:
Franklin has a population of 958 with a median age of 52.4. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 958 |
| Median Age | 52.4 |
| White | 78.3% |
| Black or African American | 14.6% |
| Asian | 0.6% |
| Hispanic or Latino | 0.4% |
| Other / Two or More Races | 6.1% |
The median household income in Franklin is $32,917, which is 59.2% below the national median of $80,610. The per capita income is $24,523. The poverty rate is 26.0%.
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In Franklin, 78.2% of residents age 25+ have a high school diploma or higher, and 13.2% hold a bachelor's degree or higher (9.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 78.2% |
| Bachelor's Degree or Higher | 13.2% |
| Graduate or Professional Degree | 9.4% |
The median home value in Franklin is $366,700, above the national median of $303,400. The median monthly rent is $570. The homeownership rate is 29.1%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $366,700 |
| Median Monthly Rent | $570 |
| Homeownership Rate | 29.1% |
| Vacancy Rate | 12.7% |
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