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ZipNumbers

Minnesota · Census place 22364

Franklin city, MN

Quick answer

Franklin city has 513 residents, ranking #494 of 914 places in Minnesota. Median household income is $54,904, the median home is worth $84,800 and median gross rent runs $883 a month.

Population
513Franklin city residents
Median household income
$54,904Past 12 months, inflation adjusted
Median home value
$84,800Owner-occupied units
Median gross rent
$883Rent plus utilities, monthly
Median age
38 yrsAll residents
Homeownership rate
83.9%Owner-occupied households

What the numbers mean in Franklin city

Housing cost measured against local earnings.

A household earning the Franklin city median would spend about 19.3% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 15.1% of residents and 83.9% 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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