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ZipNumbers

Alabama · Census place 28024

Franklin town, AL

Quick answer

Franklin town has 899 residents, ranking #337 of 593 places in Alabama. Median household income is $83,480, the median home is worth $75,300 and median gross rent runs $731 a month.

Population
899Franklin town residents
Median household income
$83,480Past 12 months, inflation adjusted
Median home value
$75,300Owner-occupied units
Median gross rent
$731Rent plus utilities, monthly
Median age
47.9 yrsAll residents
Homeownership rate
84.7%Owner-occupied households

What the numbers mean in Franklin town

Housing cost measured against local earnings.

A household earning the Franklin town median would spend about 10.5% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 0.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.9% of residents and 84.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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