Virginia · Census place 29600
Franklin city, VA
Quick answer
Franklin city has 8,212 residents, ranking #151 of 688 places in Virginia. Median household income is $65,125, the median home is worth $227,200 and median gross rent runs $995 a month.
- Population
- 8,212Franklin city residents
- Median household income
- $65,125Past 12 months, inflation adjusted
- Median home value
- $227,200Owner-occupied units
- Median gross rent
- $995Rent plus utilities, monthly
- Median age
- 40.5 yrsAll residents
- Homeownership rate
- 53.4%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 18.3% 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 3.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.7% of residents and 53.4% 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 Virginia.
- Abingdon town 8,332
- Fort Lee CDP 8,318
- Wytheville town 8,224
- Lake of the Woods CDP 8,165
- Fort Belvoir CDP 8,107
- Vinton town 8,038
- Greenbriar CDP 7,989
Keep going
More Virginia coverage.