Franklin city, Virginia Demographics & Population 2026

Population Overview

Franklin city is a small city located in Virginia, within Franklin city. The total population is 8,212. It ranks as the 151st most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Franklin city is 40.5 years. This is 4% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Franklin city is $65,125. This is 28% lower than the state median of $90,974. Compared to the national median of $78,538, household income here is 17% lower. The poverty rate stands at 16.7%. This is 68% higher than the state poverty rate of 9.9%. The unemployment rate is 4.7%. This is 9% higher than the state rate of 4.3%. The median home value is $227,200. Housing costs are 37% lower than the state median of $360,700. The home-value-to-income ratio is 3.5x. 53.4% of occupied housing units are owner-occupied. This homeownership rate is 21% lower than the state average of 67.2%.

Race & Ethnicity

The largest racial or ethnic group in Franklin city is Black or African American, making up 51.7% of the population. White (non-Hispanic) residents account for 37.8%. The Black or African American population is significantly higher than the state average (51.7% vs 18.4%). The Hispanic or Latino population (3.1%) is well below the state average of 10.7%. The Asian population (2.3%) is well below the state average of 6.8%.

Education

26.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 36% lower than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 84.7%.

Data Sources & Methodology

All demographic data for Franklin city, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.