Living in Franklin, Iowa
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 148 residents with a median age of 44.1. The median home value is $111,300.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 148
- Median age
- 44.1State: 38.6
- Median home value
- $111,300State: $208,000
- Homeowners
- 90.2%
- Bachelor's degree or higher
- 11.7%
- Average commute
- 27 min
Is Franklin a good place to live?
Pros: Home values 46% lower than the state median; a poverty rate of 1.4%.
Cons: An average commute of 27 minutes.
The weather is best in May–June and August–September.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $111,300, 67% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,375 a month in housing costs.
Housing in Franklin: homes for sale and rent
- Housing units
- 61
- Owner-occupied
- 90.2%
- Renter-occupied
- 9.8%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1954
- Average household size
- 2.43
Franklin demographics
- Population
- 148
- Median age
- 44.1
- Under 18
- 27.7%
- 65 and older
- 31.1%
- Households
- 61
- Foreign-born
- 0%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
11.7% of adults 25 and older in Franklin have a bachelor's degree or higher (Iowa: 31.4%), and 3.2% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 0%State: 3.6%
- Average commute
- 27 minState: 20 min
- Work from home
- 3.4%
- Drive alone
- 84.5%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 59%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 148 | — | $111,300 | — |
| Donnellson | 776 | $54,453 | $147,800 | $644 |
| West Point | 840 | $73,125 | $178,700 | $617 |
| Fort Madison | 10,133 | $50,705 | $94,200 | $826 |
| Denmark | 835 | $136,875 | $194,400 | — |
| Nauvoo | 931 | $68,750 | $156,700 | $775 |
| Montrose | 744 | $66,250 | $103,500 | $625 |
| Farmington | 540 | $53,333 | $81,400 | $713 |
| Salem | 349 | $51,250 | $85,700 | $922 |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the average home price in Franklin?
The median home value in Franklin is $111,300, compared with $208,000 in Iowa.
Is Franklin, IA a good place to live?
Pluses: home values 46% lower than the state median; a poverty rate of 1.4%. Minuses: an average commute of 27 minutes.
What is the median age in Franklin?
The median age in Franklin is 44.1 years (Iowa: 38.6).
How long is the commute in Franklin?
The average commute to work in Franklin is 27 minutes; 3.4% of workers work from home.
What is the unemployment rate in Franklin?
The unemployment rate in Franklin is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklin?
11.7% of adults in Franklin have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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