Franklin, TX
Population 1,498 · Texas
About Franklin, TX
Franklin is a small community in Texas with a population of 1,498 residents. The median household income is $54,688 per year, which is near the national average. The median age in Franklin is 36.6 years.
Housing in Franklin has a median home value of $171,000 and median monthly rent of $795. Of the 750 total housing units, renting is more common than owning, with 271 owner-occupied and 282 renter-occupied units.
The unemployment rate in Franklin is 7.4% and the poverty rate is 22.5%. 20.1% of residents hold a bachelor's degree or higher. The average commute time is 22.5 minutes.
Cost of Living in Franklin, TX
Compared to national averages, Franklin has a median household income of $54,688 (27% below the national median of $75,149). Home values average $171,000, which is 30% below the national median. Monthly rent at $795 is 32% below the US average of $1,163. Within Texas, Franklin's income is 25% below the state average of $72,726, and home values are 19% below the state median of $211,769.
Why Live in Franklin, TX?
Franklin offers affordable housing with a median home value of $171,000, below the US average of $244,900, and rent that’s lower than the national average at $795/month, and short commute times averaging just 22.5 minutes.
Potential considerations include median household income ($54,688) 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 1,498 with a median age of 36.6 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Franklin
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| LaCoste | 1,497 | $73,289 | $74,600 | Compare |
| Lakeside town (Tarrant County), Texas | 1,495 | $108,214 | $320,200 | Compare |
| Lexington | 1,493 | $59,821 | $186,100 | Compare |
| Hubbard | 1,492 | $47,284 | $115,600 | Compare |
| Bovina | 1,490 | $42,833 | $111,900 | Compare |
| Laguna Park | 1,506 | $63,214 | $187,500 | Compare |
| Lorena | 1,506 | $87,337 | $263,600 | Compare |
| Boyd | 1,488 | $66,944 | $230,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of Franklin, TX is 1,498 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, TX is $54,688 per year.
What is the median home value in Franklin?
The median home value in Franklin, TX is $171,000.
What is the average rent in Franklin?
The median monthly rent in Franklin, TX is $795.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, TX is 7.4%.