Franklin city, Virginia demographics and economy

Census American Community Survey 2023 5-Year Estimates for Franklin city, Virginia.

Population
8,212
Median HH Income
$65,125
Median Home Value
$227,200
Median Age
40.5

Workforce

Unemployment rate
4.7%
176 unemployed of 3,753 in labor force
Bachelor's degree or higher
15.7%
of population age 25+ (5,588 total)
Below poverty line
16.7%
1,340 of 8,032 surveyed

Housing & cost of living

Median home value
$227,200
owner-occupied housing units
Median gross rent
$995/mo
renter-occupied units, all bedrooms

Related resources

Federal contracts in Virginia
GovBids — SAM.gov opportunities and award data filtered by state.
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NewFilings — fresh business registrations from Secretary of State filings.
Federal & state grants
FindGrants — 60,000+ grant opportunities indexed and matchable.
Virginia business markets by county
Establishments, employment, and payroll by NAICS sector.
Market size estimator
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Opportunity index
Composite score of growth, market size, and demographic signal.

Similar-sized Virginia places

Data source: U.S. Census Bureau American Community Survey 2023 5-Year Estimates (Table B). Geography: place (incorporated city/town/CDP). Public domain (USA.gov).

Indicators: B01003 (population), B19013 (median household income), B25077 (median home value), B01002 (median age), B25064 (median gross rent), B23025 (labor force/unemployment), B15003 (educational attainment), B17001 (poverty).

Generated 2026-05-27. Census applies suppression rules to small populations; some values may be unavailable.