Franklinville, NY
Population 2,063 · New York
About Franklinville, NY
Franklinville is a small town located in New York with a population of 2,063 residents according to the latest US Census Bureau American Community Survey data. The median household income is $68,580 per year, which is 9% below the national median of $75,149. The median age of 35.6 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 Franklinville features a median home value of $91,600, which is 63% below the national median of $244,900. This makes Franklinville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $599, 48% below the national average of $1,163/month. Of the 808 total housing units, 78% are owner-occupied (551 units) and 22% are renter-occupied (156 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklinville shows an unemployment rate of 9.0%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 15.7%, above the national average of 12.4%. Workers in Franklinville have an average one-way commute time of 28.5 minutes.
Education & Demographics
15.0% of Franklinville 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 8.2% White, 5.3% Hispanic or Latino, 0.7% Black or African American, and 0.6% Asian residents, with 1.1% of the population being foreign-born.
How Franklinville Ranks in New York
Cost of Living in Franklinville, NY
Compared to national averages, Franklinville has a median household income of $68,580 (9% below the national median of $75,149). Home values average $91,600, which is 63% below the national median. Monthly rent at $599 is 48% below the US average of $1,163. Within New York, Franklinville's income is 29% below the state average of $96,987, and home values are 76% below the state median of $387,181.
Why Live in Franklinville, NY?
Franklinville offers affordable housing with a median home value of $91,600, below the US average of $244,900, and rent that’s lower than the national average at $599/month.
Potential considerations include median household income ($68,580) that falls below the national average. However, Franklinville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklinville has a population of 2,063 with a median age of 35.6 years. Compare Franklinville with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Franklinville
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Upper Brookville | 2,064 | $250,001 | $1,987,500 | Compare |
| Oyster Bay Cove | 2,067 | $250,001 | $1,686,100 | Compare |
| New Hartford | 2,054 | $80,733 | $206,400 | Compare |
| Upper Nyack | 2,072 | $181,364 | $681,000 | Compare |
| Waterford | 2,053 | $68,203 | $166,700 | Compare |
| Apalachin | 2,076 | $79,919 | $160,800 | Compare |
| Mexico | 2,050 | $72,772 | $154,800 | Compare |
| Frewsburg | 2,083 | $58,981 | $115,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklinville With Other Cities
Frequently Asked Questions about Franklinville
What is the population of Franklinville, NY?
The population of Franklinville, NY is 2,063 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in New York.
What is the median household income in Franklinville?
The median household income in Franklinville, NY is $68,580 per year, which is 9% below the national median of $75,149.
What is the median home value in Franklinville?
The median home value in Franklinville, NY is $91,600, which is 63% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklinville?
The median monthly rent in Franklinville, NY is $599, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Franklinville?
The unemployment rate in Franklinville, NY is 9.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklinville, NY a good place to live?
Franklinville offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,063 and a median age of 35.6, the city appeals to a broad range of residents.
How educated is Franklinville, NY?
15.0% of residents in Franklinville 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 Franklinville?
Key cost-of-living indicators for Franklinville, NY: median home value is $91,600 (63% below national), median rent is $599/month, and median household income is $68,580. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklinville?
The poverty rate in Franklinville, NY is 15.7%, 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 Franklinville, NY?
Franklinville's population is 8.2% White, 5.3% Hispanic or Latino, 0.7% Black or African American, 0.6% Asian, and 0.3% two or more races. 1.1% of residents are foreign-born.