Franklinville, NC
Population 1,129 · North Carolina
About Franklinville, NC
Franklinville is a small town located in North Carolina with a population of 1,129 residents according to the latest US Census Bureau American Community Survey data. The median household income is $53,942 per year, which is 28% below the national median of $75,149. The median age of 29.2 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 $122,400, which is 50% 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 $969, 17% below the national average of $1,163/month. Of the 442 total housing units, 52% are owner-occupied (196 units) and 48% are renter-occupied (181 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Franklinville shows an unemployment rate of 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 19.0%, above the national average of 12.4%. Workers in Franklinville have an average one-way commute time of 30.8 minutes.
Education & Demographics
5.1% 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 17.4% White, 1.2% Hispanic or Latino, 0.9% Black or African American, and 7.7% Asian residents, with 11.2% of the population being foreign-born.
Cost of Living in Franklinville, NC
Compared to national averages, Franklinville has a median household income of $53,942 (28% below the national median of $75,149). Home values average $122,400, which is 50% below the national median. Monthly rent at $969 is 17% below the US average of $1,163. Within North Carolina, Franklinville's income is 16% below the state average of $64,468, and home values are 47% below the state median of $228,922.
Why Live in Franklinville, NC?
Franklinville offers affordable housing with a median home value of $122,400, below the US average of $244,900, and rent that’s lower than the national average at $969/month, and a strong job market with an unemployment rate of just 3.3%.
Potential considerations include median household income ($53,942) 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 1,129 with a median age of 29.2 years. Compare Franklinville with other cities to see how it stacks up, or explore all cities in North Carolina.
Similar Cities Near Franklinville
Cities in North Carolina with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Balfour | 1,132 | $69,545 | $294,200 | Compare |
| Springdale | 1,120 | $61,250 | $179,600 | Compare |
| McAdenville | 1,139 | $117,411 | $350,900 | Compare |
| Flat Rock | 1,141 | $52,188 | $111,700 | Compare |
| Hayesville | 1,110 | $52,875 | $217,400 | Compare |
| Magnolia | 1,109 | $40,156 | $76,900 | Compare |
| Lucama | 1,108 | $34,583 | $98,200 | Compare |
| Kenansville | 1,157 | $62,917 | $144,800 | 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 Franklinville With Other Cities
Frequently Asked Questions about Franklinville
What is the population of Franklinville, NC?
The population of Franklinville, NC is 1,129 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 Franklinville?
The median household income in Franklinville, NC is $53,942 per year, which is 28% below the national median of $75,149.
What is the median home value in Franklinville?
The median home value in Franklinville, NC is $122,400, which is 50% 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, NC is $969, which is 17% below the national average of $1,163/month.
What is the unemployment rate in Franklinville?
The unemployment rate in Franklinville, NC is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Franklinville, NC a good place to live?
Franklinville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,129 and a median age of 29.2, the city appeals to young professionals and families.
How educated is Franklinville, NC?
5.1% 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, NC: median home value is $122,400 (50% below national), median rent is $969/month, and median household income is $53,942. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklinville?
The poverty rate in Franklinville, NC is 19.0%, 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, NC?
Franklinville's population is 17.4% White, 1.2% Hispanic or Latino, 0.9% Black or African American, 7.7% Asian, and 8.1% two or more races. 11.2% of residents are foreign-born.