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Franklinville, North Carolina Demographics & Population 2026

Very AffordableHome value to income ratio of 2.3x is exceptionally low

During the 2020–2024 ACS period, Franklinville, North Carolina had a total population of 1,131, the 432nd largest town in North Carolina, with a median household income of $52,805, which is 27% lower than the state average. The poverty rate is 18.2%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Franklinville Quick Facts

Population 1,131
Median Household Income $52,805
Median Home Value $123,600
Poverty Rate 18.2%
Unemployment Rate 2.8%
Median Age 28.3 years
Homeownership Rate 50.0%
Affordability Ratio 2.3x
Bachelor's Degree or Higher 5.6%
High School Graduation Rate 87.3%
Diversity Index 57/100
Population 1,131 432nd of 772
Median Income $52,805 below average
Poverty Rate 18.2% 46% higher than national
Median Home Value $123,600 bottom 20%

How Franklinville Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population1,1291,131+0.2%
Median household income$53,942$52,805-2.1%
Median home value$122,400$123,600+1.0%

How Franklinville Compares

Economy & Housing

Household Income Distribution

Under $25K 17.8%
$25K-$50K 29.6%
$50K-$100K 34.4%
$100K+ 18.1%
Detailed income brackets
Under $10K
7.8%
$10K-$15K
0.8%
$15K-$20K
0.5%
$20K-$25K
8.8%
$25K-$30K
1.0%
$30K-$35K
3.0%
$35K-$40K
15.1%
$40K-$45K
9.0%
$45K-$50K
1.5%
$50K-$60K
19.9%
$60K-$75K
6.0%
$75K-$100K
8.5%
$100K-$125K
11.6%
$125K-$150K
4.3%
$150K-$200K
0.0%
$200K+
2.3%

Employment

2.8% Unemployment Rate State: 4.7%|National: 5.2%
60.3% Labor Force Participation

Housing Overview

Owner 50.0%
Renter 50.0%
Affordability Index Very Affordable
2.3x home value to income ratio
Median gross rent $944/mo 21.5% of median household income annually

People & Demographics

Diversity Index

57out of 100
High Diversity

A diverse community with significant representation from multiple racial and ethnic groups.

State average: 58 | National average: 61

Education

Franklinville Rankings in North Carolina

#432 Population of 772
#459 Median Income of 716
#717 Education of 772
#600 Home Value of 725

Other Cities in Randolph County

CityPopulationMedian IncomePovertyHome Value
Asheboro 27,580 $47,197 19.7% $188,100
Trinity 7,111 $82,664 11.7% $216,600
Randleman 4,644 $53,456 32.6% $184,700
Liberty 2,682 $39,663 16.6% $194,500
Ramseur 2,150 $35,923 47.7% $155,300
Staley 456 $80,250 11.2% $132,500
Seagrove 407 $64,926 14.5% $157,500

Cities Similar to Franklinville

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Bonnetsville1,063N/AN/A5.1%62.8%
Candor1,160$57,639$164,90012.6%28.2%
Springdale1,075$55,096$201,90014.9%19.0%
Lucama1,205$54,583$115,50013.9%20.1%
Hayesville1,208$55,625$254,70019.3%24.2%

Population Overview

Franklinville is a small community located in North Carolina, within Randolph County. The total population is 1,131. It ranks as the 432nd most populous out of 772 Census-designated places in North Carolina.

Age Demographics

The median age in Franklinville is 28.3 years. This is 28% lower than the state median of 39.1 years. With 30.7% of the population under 18, Franklinville has a notably young demographic profile, suggesting a family-oriented community.

Economy, Income & Housing

The median household income in Franklinville is $52,805. This is 27% lower than the state median of $72,388. It is also 35% lower than the national median of $80,734. The poverty rate stands at 18.2%. This is 39% higher than the state poverty rate of 13.0%. The unemployment rate is 2.8%. This is 40% lower than the state rate of 4.7%. The median home value is $123,600. Housing costs are 57% lower than the state median of $288,900. With a home-value-to-income ratio of just 2.3x, Franklinville is one of the most affordable housing markets in the area. 50.0% of occupied housing units are owner-occupied. This homeownership rate is 25% lower than the state average of 66.6%.

Race & Ethnicity

The largest racial or ethnic group in Franklinville is White (non-Hispanic), making up 61.6% of the population. Hispanic or Latino residents account for 17.6%. The Hispanic or Latino population is significantly higher than the state average (17.6% vs 11.3%).

Education

5.6% 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 84% lower than the state rate of 35.6%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.3%.

Data Sources & Methodology

All demographic data for Franklinville, North Carolina 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 North Carolina state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 772 Census-designated places in North Carolina. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

Free data download: Get all North Carolina city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Franklinville, North Carolina?

Franklinville, North Carolina has a population of 1,131 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Franklinville, NC?

The median household income in Franklinville is $52,805, which is 35% lower than the national median of $80,734.

What is the poverty rate in Franklinville, NC?

The poverty rate in Franklinville is 18.2%. This means approximately 205 residents live below the federal poverty line.

What is the racial makeup of Franklinville, North Carolina?

Franklinville's population is 61.6% White, 11.8% Black, 17.6% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Franklinville, NC?

The median home value in Franklinville is $123,600. The home-value-to-income ratio is 2.3x.

How educated is Franklinville, North Carolina?

5.6% of adults (25+) in Franklinville hold a bachelor's degree or higher, and 0.9% hold a graduate or professional degree.