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ZipNumbers

North Carolina · Census place 24640

Franklin town, NC

Quick answer

Franklin town has 4,221 residents, ranking #197 of 777 places in North Carolina. Median household income is $43,991, the median home is worth $190,600 and median gross rent runs $738 a month.

Population
4,221Franklin town residents
Median household income
$43,991Past 12 months, inflation adjusted
Median home value
$190,600Owner-occupied units
Median gross rent
$738Rent plus utilities, monthly
Median age
47.3 yrsAll residents
Homeownership rate
56.5%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 20.1% 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 4.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 21.6% of residents and 56.5% 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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