Franklin, Maryland Demographics & Population 2026

A note before these figures: with a population of 373, Franklin's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.

Population Overview

Franklin is a small community located in Maryland, within Allegany County. The total population is 373. It ranks as the 404th most populous out of 527 Census-designated places in Maryland.

Age Demographics

The median age in Franklin is 55.8 years. This is 42% higher than the state median of 39.4 years. 11.3% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Franklin is $26,193. This is 75% lower than the state median of $103,678. It is also 68% lower than the national median of $80,734. The poverty rate stands at 50.3%. This is 433% higher than the state poverty rate of 9.4%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The survey records no unemployed residents in Franklin, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $65,500. Housing costs are 84% lower than the state median of $419,900. With a home-value-to-income ratio of just 2.5x, Franklin is one of the most affordable housing markets in the area. 28.2% of occupied housing units are owner-occupied. This homeownership rate is 58% lower than the state average of 67.6%.

Race & Ethnicity

Franklin has a predominantly White (non-Hispanic) population, comprising 95.7% of all residents. Black or African American residents account for 2.4%. The White (non-Hispanic) population is significantly higher than the state average (95.7% vs 46.6%). The Black or African American population (2.4%) is well below the state average of 28.9%. The Hispanic or Latino population (1.9%) is well below the state average of 12.5%.

Education

4.4% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 90% lower than the state rate of 43.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 75.3%.

Data Sources & Methodology

All demographic data for Franklin, Maryland is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Maryland state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 527 Census-designated places in Maryland. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.