Living in Franklinville, North Carolina
Cost of living, income, home prices, rent and demographics of Franklinville · Census data 2020–2024
Franklinville has 1,131 residents with a median age of 28.3. The median household income is $52,805 (27% lower than the North Carolina median), the median home value is $123,600, the median rent is $944/month.
Franklinville is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklinville at a glance
- Population
- 1,131
- Median age
- 28.3State: 39.1
- Median household income
- $52,805State: $72,388
- Median home value
- $123,600State: $288,900
- Median rent
- $944/moState: $1,228
- Homeowners
- 50%
- Bachelor's degree or higher
- 5.6%
- Average commute
- 28 min
Is Franklinville a good place to live?
Pros: Home values 57% lower than the state median; unemployment of 2.8%.
Cons: Median household income 27% lower than the North Carolina median; an average commute of 28 minutes; a poverty rate of 18.2%.
The weather is best in April–May and September–October.
Cost of living in Franklinville
Housing is the biggest part of the cost of living. In Franklinville the median home value is $123,600, 63% lower than the U.S. median. Renters pay a median of $944 per month, which is 28.1% of household income. Homeowners with a mortgage pay $1,016 a month in housing costs.
Franklinville median household income
The median household income in Franklinville is $52,805 and the income per person is $21,412. 18.2% of residents live below the poverty line (North Carolina: 13%).
Housing in Franklinville: homes for sale and rent
- Housing units
- 413
- Owner-occupied
- 50%
- Renter-occupied
- 50%
- Vacant
- 3.6%Includes seasonal homes
- Median year built
- 1987
- Average household size
- 2.84
Franklinville demographics
- Population
- 1,131
- Median age
- 28.3
- Under 18
- 30.7%
- 65 and older
- 12.7%
- Households
- 398
- Foreign-born
- 7.6%
- Veterans
- 4.8%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklinville ›
Education in Franklinville
5.6% of adults 25 and older in Franklinville have a bachelor's degree or higher (North Carolina: 35.7%), and 0.9% have a graduate or professional degree.
Jobs and commute in Franklinville
- Unemployment rate
- 2.8%State: 4.7%
- Average commute
- 28 minState: 25 min
- Work from home
- 2.7%
- Drive alone
- 86.3%
- Public transit
- 0%
- Walk to work
- 2.5%
- Homes with broadband
- 70.6%
Franklinville vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklinville | 1,131 | $52,805 | $123,600 | $944 |
| Ramseur | 2,150 | $35,923 | $155,300 | $683 |
| Asheboro | 27,580 | $47,197 | $188,100 | $906 |
| Randleman | 4,644 | $53,456 | $184,700 | $801 |
| Staley | 456 | $80,250 | $132,500 | $869 |
| Liberty | 2,682 | $39,663 | $194,500 | $742 |
| Siler City | 7,995 | $46,566 | $154,600 | $1,000 |
| Seagrove | 407 | $64,926 | $157,500 | $705 |
| Pleasant Garden | 5,060 | $88,204 | $223,500 | $1,416 |
More for people moving to Franklinville
Franklinville ZIP code ›Weather and climate ›Living in Franklinville: FAQ
What is the median household income in Franklinville, NC?
The median household income in Franklinville is $52,805, 27% lower than the North Carolina median of $72,388 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklinville?
The median home value in Franklinville is $123,600, compared with $288,900 in North Carolina.
How much is rent in Franklinville?
The median gross rent in Franklinville is $944 per month, about 28.1% of household income.
Is Franklinville, NC a good place to live?
Pluses: home values 57% lower than the state median; unemployment of 2.8%. Minuses: median household income 27% lower than the North Carolina median; an average commute of 28 minutes; a poverty rate of 18.2%.
What is the median age in Franklinville?
The median age in Franklinville is 28.3 years (North Carolina: 39.1).
How long is the commute in Franklinville?
The average commute to work in Franklinville is 28 minutes; 2.7% of workers work from home.
What is the unemployment rate in Franklinville?
The unemployment rate in Franklinville is 2.8% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Franklinville?
5.6% of adults in Franklinville 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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