Franklin, IA
Population 135 · Iowa
About Franklin, IA
Franklin is a small community in Iowa with a population of 135 residents. The median household income is $47,500 per year, which is below the national average. The median age in Franklin is 45.4 years.
Housing in Franklin has a median home value of $116,500 and median monthly rent of $0. Of the 62 total housing units, the majority are owner-occupied, with 57 owner-occupied and 5 renter-occupied units.
The unemployment rate in Franklin is 0.0% and the poverty rate is 3.7%. 16.1% of residents hold a bachelor's degree or higher. The average commute time is 25.9 minutes.
Cost of Living in Franklin, IA
Compared to national averages, Franklin has a median household income of $47,500 (37% below the national median of $75,149). Home values average $116,500, which is 52% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Iowa, Franklin's income is 30% below the state average of $67,947, and home values are 12% below the state median of $132,237.
Why Live in Franklin, IA?
Franklin offers affordable housing with a median home value of $116,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 3.7%, better than the national average.
Potential considerations include median household income ($47,500) 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 135 with a median age of 45.4 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Iowa.
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Other Cities in Iowa
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, IA?
The population of Franklin, IA is 135 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, IA is $47,500 per year.
What is the median home value in Franklin?
The median home value in Franklin, IA is $116,500.
What is the average rent in Franklin?
The median monthly rent in Franklin, IA is $0.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, IA is 0.0%.