Franklin, VA
Population 8,212 · Virginia
About Franklin, VA
Franklin is a small community in Virginia with a population of 8,212 residents. The median household income is $65,125 per year, which is near the national average. The median age in Franklin is 40.5 years.
Housing in Franklin has a median home value of $227,200 and median monthly rent of $995. Of the 3,897 total housing units, the majority are owner-occupied, with 1,809 owner-occupied and 1,579 renter-occupied units.
The unemployment rate in Franklin is 4.7% and the poverty rate is 16.7%. 26.4% of residents hold a bachelor's degree or higher. The average commute time is 20.7 minutes.
Cost of Living in Franklin, VA
Compared to national averages, Franklin has a median household income of $65,125 (13% below the national median of $75,149). Home values average $227,200, which is 7% below the national median. Monthly rent at $995 is 14% below the US average of $1,163. Within Virginia, Franklin's income is 26% below the state average of $87,957, and home values are 31% below the state median of $327,514.
Why Live in Franklin, VA?
Franklin offers affordable housing with a median home value of $227,200, below the US average of $244,900, and rent that’s lower than the national average at $995/month, and short commute times averaging just 20.7 minutes.
Potential considerations include median household income ($65,125) 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 8,212 with a median age of 40.5 years. Compare Franklin with other cities to see how it stacks up, or explore all cities in Virginia.
Similar Cities Near Franklin
Cities in Virginia with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wytheville | 8,224 | $43,283 | $193,000 | Compare |
| Lake of the Woods | 8,165 | $112,917 | $377,500 | Compare |
| Fort Belvoir | 8,107 | $101,237 | $244,400 | Compare |
| Fort Lee | 8,318 | $81,105 | $0 | Compare |
| Abingdon | 8,332 | $54,976 | $217,700 | Compare |
| Vinton | 8,038 | $64,643 | $179,400 | Compare |
| Dumbarton | 8,407 | $59,085 | $274,700 | Compare |
| Greenbriar | 7,989 | $134,284 | $627,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Virginia
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, VA?
The population of Franklin, VA is 8,212 according to the latest Census data.
What is the median household income in Franklin?
The median household income in Franklin, VA is $65,125 per year.
What is the median home value in Franklin?
The median home value in Franklin, VA is $227,200.
What is the average rent in Franklin?
The median monthly rent in Franklin, VA is $995.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin, VA is 4.7%.