Texas · Census place 27288
Franklin city, TX
Quick answer
Franklin city has 1,498 residents, ranking #850 of 1863 places in Texas. Median household income is $54,688, the median home is worth $171,000 and median gross rent runs $795 a month.
- Population
- 1,498Franklin city residents
- Median household income
- $54,688Past 12 months, inflation adjusted
- Median home value
- $171,000Owner-occupied units
- Median gross rent
- $795Rent plus utilities, monthly
- Median age
- 36.6 yrsAll residents
- Homeownership rate
- 49%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 17.4% 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 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.5% of residents and 49% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Texas.
- Morton city 1,510
- Laguna Park CDP 1,506
- Lorena city 1,506
- LaCoste city 1,497
- Lakeside town (Tarrant County) 1,495
- Lexington town 1,493
- Hubbard city 1,492
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