Franklin city in figures

A profile of Franklin city from official statistics: 19 figures in 4 sections, each with its period, its change from a year earlier, its rank among similar places where a ranking exists, and its source.

Figures last updated on 2026-10-12.

People
Work and income
Prices and housing
Business and tourism
Sources and citations

People

Population in Franklin city was 8,478 in 2025, up 0.9% from 2024, and the 15th lowest of 133 counties in Virginia.

Population8,4782025Up 0.9% from 2024The 15th lowest of 133 counties in Virginia

Median age38.3 years2024Down 2.2 years from 2023Tied for the 33rd lowest of 133 counties in Virginia

Population aged 65 and over21.3%2025Down less than 0.1 percentage points from 2024The 54th lowest of 133 counties in Virginia

Foreign-born population share0.8%2024Down 1.8 percentage points from 2023

Population density395.5 inhabitants per km²2025Up 0.9% from 2024

Net domestic migration, July to June782025, estimatedCompared with 83 in 2024

Population, 2020 to 2025. persons. Source: U.S. Census Bureau, Annual estimates of the resident population for the United States, states and counties, 1 July (Population Estimates Program).

Sources: U.S. Census Bureau, Annual estimates of the resident population for the United States, states and counties, 1 July (Population Estimates Program); U.S. Census Bureau, American Community Survey 5-year estimates, table B01002: median age, total population; U.S. Census Bureau, Population Estimates Program, county population by age and sex (cc-est agesex): residents aged 65 and over as a percentage of the total, 1 July; states and the nation summed from counties; U.S. Census Bureau, American Community Survey 5-year estimates, table B05002: foreign-born population as a percentage of the total population, calculated with stored inputs; U.S. Census Bureau, Population Estimates Program resident population on 1 July divided by land area from the latest Census Gazetteer files, persons per km²; U.S. Census Bureau, Population Estimates Program: net domestic migration, states and counties, July 1 of the previous year to June 30 of the reported year; vintage 2020 files for 2011 to 2020 and the latest 2020s vintage from 2021. Population and demography statistics and rankings

Work and income

Unemployment rate in Franklin city was 5.4% (provisional) in August 2026, up 0.3 percentage points from August 2025, and the 10th highest of 133 counties in Virginia.

Unemployment rate5.4%August 2026, provisionalUp 0.3 percentage points from August 2025The 10th highest of 133 counties in Virginia

Median household income$63,2452024Down 2.9% from 2023The 50th lowest of 133 counties in Virginia

Poverty rate (US official measure)19.7%2024Down 0.1 percentage points from 2023The 18th highest of 133 counties in Virginia

Gini index42.62024Up 1.4 points from 2023

Unemployment rate, July 2021 to August 2026. %. Source: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics: unemployment rate by county, not seasonally adjusted.

Sources: U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics: unemployment rate by county, not seasonally adjusted; U.S. Census Bureau, American Community Survey 5-year estimates, table B19013: median household income in the past 12 months; U.S. Census Bureau, Small Area Income and Poverty Estimates (SAIPE): percent of people of all ages in poverty, states and counties; U.S. Census Bureau, American Community Survey 5-year estimates, table B19083: Gini index of household income inequality (coefficient multiplied by 100). Labor market statistics and rankings

Prices and housing

Median home value in Franklin city was $256,600 in 2024, up 12.9% from 2023, and the 65th lowest of 133 counties in Virginia.

Median home value$256,6002024Up 12.9% from 2023The 65th lowest of 133 counties in Virginia

County house price annual change, sales and refinances-1.71%2025Down 10.88 percentage points from 2024The 6th lowest of 123 counties in Virginia

Median gross rent (monthly)$9882024Down 0.7% from 2023The 55th lowest of 133 counties in Virginia

Homeownership rate (US, housing units)53.9%2024Up 0.5 percentage points from 2023

Housing units authorized by building permits02019, estimatedUnchanged from 2018

Median home value, 2021 to 2024. USD. Source: U.S. Census Bureau, American Community Survey 5-year estimates, table B25077: median value (dollars), owner-occupied housing units.

Sources: U.S. Census Bureau, American Community Survey 5-year estimates, table B25077: median value (dollars), owner-occupied housing units; Federal Housing Finance Agency, FHFA developmental all-transactions county house prices, published annual percent change, nominal, not seasonally adjusted; U.S. Census Bureau, American Community Survey 5-year estimates, table B25064: median gross rent (dollars), renter-occupied housing units paying cash rent; U.S. Census Bureau, American Community Survey 5-year estimates, table B25003: owner-occupied housing units as a percentage of occupied housing units, calculated with stored inputs; U.S. Census Bureau, Building Permits Survey: final annual county estimates of new privately owned housing units authorized, including imputation. Housing statistics and rankings

Business and tourism

Employer firms in Franklin city were 227 in 2023, up 5.1% from 2022, and the 31st lowest of 133 counties in Virginia.

Employer firms2272023Up 5.1% from 2022The 31st lowest of 133 counties in Virginia

Establishment entry rate12.959%2023Up 3.02 percentage points from 2022The 8th highest of 131 counties in Virginia

Establishment exit rate8.207%2023Down 6.48 percentage points from 2022The 61st lowest of 133 counties in Virginia

Job creation rate8.844%2023Down 0.38 percentage points from 2022

Employer firms, 1999 to 2023. count. Source: U.S. Census Bureau, Business Dynamics Statistics: employer firms, all covered industries, nation, states and counties.

Sources: U.S. Census Bureau, Business Dynamics Statistics: employer firms, all covered industries, nation, states and counties; U.S. Census Bureau, Business Dynamics Statistics: establishment entry rate, all covered industries, nation and states from 1978, counties from 2010; U.S. Census Bureau, Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010; U.S. Census Bureau, Business Dynamics Statistics: job creation rate, all covered industries, nation and states from 1978, counties from 2010. Companies statistics and rankings

Sources and citations

Each figure comes from the table cited here. Cite the publisher; these citations include any notice the publisher requires.

U.S. Census Bureau. Annual estimates of the resident population for the United States, states and counties, 1 July (Population Estimates Program). https://www2.census.gov/programs-surveys/popest/datasets/2020-2025/. Retrieved 2026-10-08.
U.S. Census Bureau. American Community Survey 5-year estimates, table B01002: median age, total population. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b01002.dat. Retrieved 2026-10-08.
U.S. Census Bureau. Population Estimates Program, county population by age and sex (cc-est agesex): residents aged 65 and over as a percentage of the total, 1 July; states and the nation summed from counties. https://www2.census.gov/programs-surveys/popest/datasets/2020-2025/counties/asrh/cc-est2025-agesex-all.csv. Retrieved 2026-10-09.
U.S. Census Bureau. American Community Survey 5-year estimates, table B05002: foreign-born population as a percentage of the total population, calculated with stored inputs. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b05002.dat. Retrieved 2026-10-09.
U.S. Census Bureau. Population Estimates Program resident population on 1 July divided by land area from the latest Census Gazetteer files, persons per km². https://www2.census.gov/programs-surveys/popest/datasets/2020-2025/. Retrieved 2026-10-09.
U.S. Census Bureau. Population Estimates Program: net domestic migration, states and counties, July 1 of the previous year to June 30 of the reported year; vintage 2020 files for 2011 to 2020 and the latest 2020s vintage from 2021. https://www.census.gov/programs-surveys/popest/data/data-sets.html. Retrieved 2026-10-12.
U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics: unemployment rate by county, not seasonally adjusted. https://download.bls.gov/pub/time.series/la/la.data.0.CurrentU25-29. Retrieved 2026-10-08.
U.S. Census Bureau. American Community Survey 5-year estimates, table B19013: median household income in the past 12 months. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b19013.dat. Retrieved 2026-10-08.
U.S. Census Bureau. Small Area Income and Poverty Estimates (SAIPE): percent of people of all ages in poverty, states and counties. https://www2.census.gov/programs-surveys/saipe/datasets/2024/2024-state-and-county/est24all.txt. Retrieved 2026-10-08.
U.S. Census Bureau. American Community Survey 5-year estimates, table B19083: Gini index of household income inequality (coefficient multiplied by 100). https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b19083.dat. Retrieved 2026-10-10.
U.S. Census Bureau. American Community Survey 5-year estimates, table B25077: median value (dollars), owner-occupied housing units. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b25077.dat. Retrieved 2026-10-09.
Federal Housing Finance Agency (FHFA). FHFA developmental all-transactions county house prices, published annual percent change, nominal, not seasonally adjusted. https://www.fhfa.gov/hpi/download/annual/hpi_at_county.xlsx. Retrieved 2026-10-10.
U.S. Census Bureau. American Community Survey 5-year estimates, table B25064: median gross rent (dollars), renter-occupied housing units paying cash rent. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b25064.dat. Retrieved 2026-10-09.
U.S. Census Bureau. American Community Survey 5-year estimates, table B25003: owner-occupied housing units as a percentage of occupied housing units, calculated with stored inputs. https://www2.census.gov/programs-surveys/acs/summary_file/2024/table-based-SF/data/5YRData/acsdt5y2024-b25003.dat. Retrieved 2026-10-09.
U.S. Census Bureau. Building Permits Survey: final annual county estimates of new privately owned housing units authorized, including imputation. https://www2.census.gov/econ/bps/County/co2019a.txt. Retrieved 2026-10-12.
U.S. Census Bureau. Business Dynamics Statistics: employer firms, all covered industries, nation, states and counties. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st_cty.csv. Retrieved 2026-10-11.
U.S. Census Bureau. Business Dynamics Statistics: establishment entry rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st_cty.csv. Retrieved 2026-10-12.
U.S. Census Bureau. Business Dynamics Statistics: establishment exit rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st_cty.csv. Retrieved 2026-10-12.
U.S. Census Bureau. Business Dynamics Statistics: job creation rate, all covered industries, nation and states from 1978, counties from 2010. https://www2.census.gov/programs-surveys/bds/tables/time-series/2023/bds2023_st_cty.csv. Retrieved 2026-10-12.

Use this data in your AI agent

Invokely serves this figure to AI assistants through MCP and to code through a REST API, with the source and citation attached. Ask your assistant:

Give me an overview of Franklin city with the latest official figures and their sources.

get_place_profile {"place":"Franklin city"}
GET https://invokely.ai/api/v1/profile?place=us-county-51620

Connect Claude, ChatGPT or Cursor in one step. The trial answers 25 calls a day without an account.

All statistics for Franklin city