Median Household Income
$63,245 ± $6,558
Median Home Value
$256,600 ± $27,270
Median Gross Rent
$988 ± $87/mo
Per Capita Income
$31,433
Poverty Rate
19.3%
Unemployment Rate
7.9%
Homeownership Rate
53.9%
Bachelor's Degree or Higher
27.3%
Median Age
38.3
Average Commute
22 min
Households
3,454
Veterans
738
Population Over Time
Franklin shrank 3.3% from 2014 to 2024.
2014
8,534
2016
8,413
2018
8,211
2020
8,015
2022
8,194
2024
8,250
Population by Race & Ethnicity
White
38.1%
Hispanic or Latino
3.2%
Black or African American
55.8%
Asian
0.0%
Nearby Cities in Virginia
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.