Franklin, AR
Population 242 · Arkansas
About Franklin, AR
Franklin is a small community in Arkansas with a population of 242 residents. The median household income is $54,500 per year, which is near the national average. The median age in Franklin is 36.3 years.
Housing in Franklin has a median home value of $78,800 and median monthly rent of $0. Of the 117 total housing units, the majority are owner-occupied, with 92 owner-occupied and 2 renter-occupied units.
The unemployment rate in Franklin is 8.5% and the poverty rate is 30.6%. 11.8% of residents hold a bachelor's degree or higher. The average commute time is 20.7 minutes.
Cost of Living in Franklin, AR
Compared to national averages, Franklin has a median household income of $54,500 (27% below the national median of $75,149). Home values average $78,800, which is 68% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Arkansas, Franklin's income is 4% above the state average of $52,241, and home values are 37% below the state median of $125,457.
Why Live in Franklin, AR?
Franklin offers affordable housing with a median home value of $78,800, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and short commute times averaging just 20.7 minutes.
Potential considerations include median household income ($54,500) that falls below the national average. However, Franklin’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin has a population of 242 with a median age of 36.3 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Arkansas.
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Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Franklin
What is the population of Franklin, AR?
The population of Franklin, AR is 242 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, AR is $54,500 per year.
What is the median home value in Franklin?
The median home value in Franklin, AR is $78,800.
What is the average rent in Franklin?
The median monthly rent in Franklin, AR is $0.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, AR is 8.5%.