Franklin, MD
Population 356 · Maryland
About Franklin, MD
Franklin is a small community located in Maryland with a population of 356 residents according to the latest US Census Bureau American Community Survey data. The median household income is $14,738 per year, which is 80% below the national median of $75,149. The median age of 55.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Franklin features a median home value of $0, which is 100% below the national median of $244,900. This makes Franklin one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $245, 79% below the national average of $1,163/month. Of the 129 total housing units, 40% are owner-occupied (51 units) and 60% are renter-occupied (78 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 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 87.6%, above the national average of 12.4%. Workers in Franklin have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
5.0% 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Franklin Ranks in Maryland
Cost of Living in Franklin, MD
Compared to national averages, Franklin has a median household income of $14,738 (80% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $245 is 79% below the US average of $1,163. Within Maryland, Franklin's income is 86% below the state average of $107,956, and home values are 100% below the state median of $402,447.
Why Live in Franklin, MD?
Franklin 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 $245/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features short commute times averaging just 0 minutes.
Potential considerations include median household income ($14,738) 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 356 with a median age of 55.2 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Maryland.
Similar Cities Near Franklin
Cities in Maryland with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Fairmount | 357 | $70,708 | $0 | Compare |
| Betterton | 358 | $74,375 | $219,000 | Compare |
| Bryantown | 359 | $113,580 | $499,000 | Compare |
| Leitersburg | 351 | $0 | $349,400 | Compare |
| Sudlersville | 361 | $52,750 | $235,000 | Compare |
| Sabillasville | 350 | $68,182 | $267,100 | Compare |
| Darlington | 349 | $81,250 | $375,000 | Compare |
| Newark | 347 | $105,093 | $337,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Maryland
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin With Other Cities
Frequently Asked Questions about Franklin
What is the population of Franklin, MD?
The population of Franklin, MD is 356 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Maryland.
What is the median household income in Franklin?
The median household income in Franklin, MD is $14,738 per year, which is 80% below the national median of $75,149.
What is the median home value in Franklin?
The median home value in Franklin, MD 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?
The median monthly rent in Franklin, MD is $245, which is 79% below the national average of $1,163/month.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, MD 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, MD a good place to live?
Franklin offers a moderate cost of living, affordable housing, and a strong job market. With a population of 356 and a median age of 55.2, the city appeals to established professionals and retirees.
How educated is Franklin, MD?
5.0% 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, MD: median home value is $0 (100% below national), median rent is $245/month, and median household income is $14,738. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin?
The poverty rate in Franklin, MD is 87.6%, 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, MD?
Franklin's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 2.5% two or more races. 0.0% of residents are foreign-born.