Franklin Park, FL
Population 2,018 · Florida
About Franklin Park, FL
Franklin Park is a small town located in Florida with a population of 2,018 residents according to the latest US Census Bureau American Community Survey data. The median household income is $34,391 per year, which is 54% below the national median of $75,149. The median age of 11.9 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Franklin Park features a median home value of $0, which is 100% below the national median of $244,900. This makes Franklin Park one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $1,093, 6% below the national average of $1,163/month. Of the 590 total housing units, 1% are owner-occupied (7 units) and 99% are renter-occupied (514 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Franklin Park shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 38.1%, above the national average of 12.4%. Workers in Franklin Park have an average one-way commute time of 34.8 minutes.
Education & Demographics
13.1% of Franklin Park residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 2.9% Black or African American, and 0.0% Asian residents, with 14.7% of the population being foreign-born.
Cost of Living in Franklin Park, FL
Compared to national averages, Franklin Park has a median household income of $34,391 (54% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $1,093 is 6% below the US average of $1,163. Within Florida, Franklin Park's income is 55% below the state average of $75,893, and home values are 100% below the state median of $353,675.
Why Live in Franklin Park, FL?
Franklin Park offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $1,093/month, and a strong job market with an unemployment rate of just 0.0%.
Potential considerations include median household income ($34,391) that falls below the national average. However, Franklin Park’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Park has a population of 2,018 with a median age of 11.9 years. Compare Franklin Park with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Franklin Park
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Hillsboro Beach | 2,020 | $96,176 | $677,500 | Compare |
| Pine Air | 2,036 | $56,705 | $277,700 | Compare |
| Grove City | 2,049 | $51,332 | $269,700 | Compare |
| El Portal | 1,979 | $105,662 | $658,500 | Compare |
| Redington Shores | 2,057 | $101,518 | $715,400 | Compare |
| Century | 1,972 | $26,716 | $66,700 | Compare |
| Ocklawaha | 1,966 | $35,255 | $184,600 | Compare |
| Rainbow Park | 2,070 | $52,685 | $165,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin Park With Other Cities
Frequently Asked Questions about Franklin Park
What is the population of Franklin Park, FL?
The population of Franklin Park, FL is 2,018 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Florida.
What is the median household income in Franklin Park?
The median household income in Franklin Park, FL is $34,391 per year, which is 54% below the national median of $75,149.
What is the median home value in Franklin Park?
The median home value in Franklin Park, FL is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Franklin Park?
The median monthly rent in Franklin Park, FL is $1,093, which is 6% below the national average of $1,163/month.
What is the unemployment rate in Franklin Park?
The unemployment rate in Franklin Park, FL is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Franklin Park, FL a good place to live?
Franklin Park offers a moderate cost of living, affordable housing, and a strong job market. With a population of 2,018 and a median age of 11.9, the city appeals to young professionals and families.
How educated is Franklin Park, FL?
13.1% of residents in Franklin Park aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Franklin Park?
Key cost-of-living indicators for Franklin Park, FL: median home value is $0 (100% below national), median rent is $1,093/month, and median household income is $34,391. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin Park?
The poverty rate in Franklin Park, FL is 38.1%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Franklin Park, FL?
Franklin Park's population is 0.0% White, 0.0% Hispanic or Latino, 2.9% Black or African American, 0.0% Asian, and 95.1% two or more races. 14.7% of residents are foreign-born.