Franklinton, NC
Population 2,562 · North Carolina
About Franklinton, NC
Franklinton is a small town located in North Carolina with a population of 2,562 residents according to the latest US Census Bureau American Community Survey data. The median household income is $64,053 per year, which is 15% below the national median of $75,149. The median age of 35.4 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 Franklinton features a median home value of $195,800, which is 20% below the national median of $244,900. This positions Franklinton in a moderately priced market relative to the rest of the country. Median monthly rent is $995, 14% below the national average of $1,163/month. Of the 1,091 total housing units, 67% are owner-occupied (619 units) and 33% are renter-occupied (300 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklinton shows an unemployment rate of 9.4%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklinton have an average one-way commute time of 31.7 minutes.
Education & Demographics
24.0% of Franklinton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.7% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 3.0% Asian residents, with 2.1% of the population being foreign-born.
Cost of Living in Franklinton, NC
Compared to national averages, Franklinton has a median household income of $64,053 (15% below the national median of $75,149). Home values average $195,800, which is 20% below the national median. Monthly rent at $995 is 14% below the US average of $1,163. Within North Carolina, Franklinton's income is 1% below the state average of $64,468, and home values are 14% below the state median of $228,922.
Why Live in Franklinton, NC?
Franklinton offers affordable housing with a median home value of $195,800, below the US average of $244,900, and rent that’s lower than the national average at $995/month, and a low poverty rate of 10.8%, better than the national average.
Potential considerations include median household income ($64,053) that falls below the national average. However, Franklinton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklinton has a population of 2,562 with a median age of 35.4 years. Compare Franklinton with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Franklinton
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Sneads Ferry | 2,556 | $59,783 | $233,500 | Compare |
| Haw River | 2,581 | $67,366 | $142,200 | Compare |
| Youngsville | 2,581 | $61,813 | $404,500 | Compare |
| Valley Hill | 2,540 | $87,250 | $296,500 | Compare |
| Marshville | 2,586 | $60,784 | $147,100 | Compare |
| Fearrington Village | 2,535 | $101,384 | $439,900 | Compare |
| Cape Carteret | 2,598 | $75,313 | $347,500 | Compare |
| Sylva | 2,600 | $41,926 | $195,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in North Carolina
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklinton With Other Cities
Frequently Asked Questions about Franklinton
What is the population of Franklinton, NC?
The population of Franklinton, NC is 2,562 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in North Carolina.
What is the median household income in Franklinton?
The median household income in Franklinton, NC is $64,053 per year, which is 15% below the national median of $75,149.
What is the median home value in Franklinton?
The median home value in Franklinton, NC is $195,800, which is 20% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklinton?
The median monthly rent in Franklinton, NC is $995, which is 14% below the national average of $1,163/month.
What is the unemployment rate in Franklinton?
The unemployment rate in Franklinton, NC is 9.4%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Franklinton, NC a good place to live?
Franklinton offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 2,562 and a median age of 35.4, the city appeals to a broad range of residents.
How educated is Franklinton, NC?
24.0% of residents in Franklinton 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 Franklinton?
Key cost-of-living indicators for Franklinton, NC: median home value is $195,800 (20% below national), median rent is $995/month, and median household income is $64,053. The home-value-to-income ratio is 3.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklinton?
The poverty rate in Franklinton, NC is 10.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklinton, NC?
Franklinton's population is 2.7% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 3.0% Asian, and 37.4% two or more races. 2.1% of residents are foreign-born.