Median Household Income
$54,265 ± $15,225
Median Home Value
$168,800 ± $50,214
Median Gross Rent
$889 ± $231/mo
Per Capita Income
$25,373
Poverty Rate
24.6%
Unemployment Rate
6.7%
Homeownership Rate
45.1%
Bachelor's Degree or Higher
21.5%
Median Age
35.1
Average Commute
23 min
Households
548
Veterans
47
Population Over Time
Franklin shrank 25.2% from 2014 to 2024.
2014
2,045
2016
1,894
2018
1,976
2020
1,585
2022
1,354
2024
1,530
Population by Race & Ethnicity
White
64.9%
Hispanic or Latino
5.9%
Black or African American
23.9%
Asian
1.8%
Nearby Cities in Texas
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.