Franklin, ID
Population 880 · Idaho
About Franklin, ID
Franklin is a small community located in Idaho with a population of 880 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,375 per year, which is 14% below the national median of $75,149. The median age of 25.5 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 features a median home value of $318,200, which is 30% above the national median of $244,900. This positions Franklin in a moderately priced market relative to the rest of the country. Median monthly rent is $1,205, 4% above the national average of $1,163/month. Of the 300 total housing units, 74% are owner-occupied (222 units) and 26% are renter-occupied (78 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklin shows an unemployment rate of 8.1%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 6.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin have an average one-way commute time of 18.2 minutes, one of the shorter commutes in the region.
Education & Demographics
18.2% of Franklin 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 13.3% White, 3.4% Hispanic or Latino, 0.0% Black or African American, and 8.3% Asian residents, with 10.8% of the population being foreign-born.
Cost of Living in Franklin, ID
Compared to national averages, Franklin has a median household income of $64,375 (14% below the national median of $75,149). Home values average $318,200, which is 30% above the national median. Monthly rent at $1,205 is 4% above the US average of $1,163. Within Idaho, Franklin's income is 1% below the state average of $65,190, and home values are 16% above the state median of $274,721.
Why Live in Franklin, ID?
Franklin offers a low poverty rate of 6.8%, better than the national average, and short commute times averaging just 18.2 minutes.
Potential considerations include median household income ($64,375) 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 880 with a median age of 25.5 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Idaho.
Similar Cities Near Franklin
Cities in Idaho with a similar population size.
Demographics
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Economy & Education
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Other Cities in Idaho
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, ID?
The population of Franklin, ID is 880 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Idaho.
What is the median household income in Franklin?
The median household income in Franklin, ID is $64,375 per year, which is 14% below the national median of $75,149.
What is the median home value in Franklin?
The median home value in Franklin, ID is $318,200, which is 30% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin?
The median monthly rent in Franklin, ID is $1,205, which is 4% above the national average of $1,163/month.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, ID is 8.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklin, ID a good place to live?
Franklin offers a moderate cost of living, a competitive housing market, and growing employment opportunities. With a population of 880 and a median age of 25.5, the city appeals to young professionals and families.
How educated is Franklin, ID?
18.2% of residents in Franklin 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?
Key cost-of-living indicators for Franklin, ID: median home value is $318,200 (30% above national), median rent is $1,205/month, and median household income is $64,375. The home-value-to-income ratio is 4.9x, a moderate figure by national standards.
What is the poverty rate in Franklin?
The poverty rate in Franklin, ID is 6.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklin, ID?
Franklin's population is 13.3% White, 3.4% Hispanic or Latino, 0.0% Black or African American, 8.3% Asian, and 0.0% two or more races. 10.8% of residents are foreign-born.