Living in Franklin, West Virginia
Cost of living, income, home prices, rent and demographics of Franklin · Census data 2020–2024
Franklin has 435 residents with a median age of 62. The median household income is $63,889 (7% higher than the West Virginia median), the median home value is $219,200, the median rent is $735/month.
Franklin is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Franklin at a glance
- Population
- 435
- Median age
- 62State: 42.7
- Median household income
- $63,889State: $59,608
- Median home value
- $219,200State: $162,600
- Median rent
- $735/moState: $872
- Homeowners
- 66.9%
- Bachelor's degree or higher
- 30.3%
- Average commute
- 22 min
Is Franklin a good place to live?
Pros: Median household income 7% higher than the West Virginia median; an average commute of 22 minutes; a poverty rate of 10.3%.
Cons: Home values 35% higher than the state median.
The weather is best in May and August to October.
Cost of living in Franklin
Housing is the biggest part of the cost of living. In Franklin the median home value is $219,200, 34% lower than the U.S. median. Renters pay a median of $735 per month, which is 18.2% of household income. Homeowners with a mortgage pay $1,067 a month in housing costs.
Franklin median household income
The median household income in Franklin is $63,889 and the income per person is $57,937. 10.3% of residents live below the poverty line (West Virginia: 16.7%).
Housing in Franklin: homes for sale and rent
- Housing units
- 257
- Owner-occupied
- 66.9%
- Renter-occupied
- 33.1%
- Vacant
- 40.1%Includes seasonal homes
- Median year built
- 1965
- Average household size
- 2.20
40.1% of homes are vacant most of the year, a sign that Franklin has many vacation and second homes.
Franklin demographics
- Population
- 435
- Median age
- 62
- Under 18
- 12.6%
- 65 and older
- 40.9%
- Households
- 154
- Foreign-born
- 0%
- Veterans
- 10.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Franklin ›
Education in Franklin
30.3% of adults 25 and older in Franklin have a bachelor's degree or higher (West Virginia: 24.1%), and 11.3% have a graduate or professional degree.
Jobs and commute in Franklin
- Unemployment rate
- 0%State: 5.4%
- Average commute
- 22 minState: 27 min
- Work from home
- 17.7%
- Drive alone
- 58.2%
- Public transit
- 0%
- Walk to work
- 14.2%
- Homes with broadband
- 92.9%
Franklin vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Franklin | 435 | $63,889 | $219,200 | $735 |
| Monterey | 197 | $60,849 | $169,700 | $850 |
| Belmont Estates | 1,162 | $86,835 | $378,700 | — |
| Dayton | 1,920 | $75,769 | $346,600 | $1,074 |
| Petersburg | 2,384 | $42,917 | $124,500 | $646 |
| Bridgewater | 6,708 | $75,280 | $384,700 | $1,216 |
| Durbin | 220 | $59,750 | $98,500 | — |
More for people moving to Franklin
Franklin ZIP code ›Weather and climate ›Living in Franklin: FAQ
What is the median household income in Franklin, WV?
The median household income in Franklin is $63,889, 7% higher than the West Virginia median of $59,608 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Franklin?
The median home value in Franklin is $219,200, compared with $162,600 in West Virginia.
How much is rent in Franklin?
The median gross rent in Franklin is $735 per month, about 18.2% of household income.
Is Franklin, WV a good place to live?
Pluses: median household income 7% higher than the West Virginia median; an average commute of 22 minutes; a poverty rate of 10.3%. Minuses: home values 35% higher than the state median.
What is the median age in Franklin?
The median age in Franklin is 62 years (West Virginia: 42.7).
How long is the commute in Franklin?
The average commute to work in Franklin is 22 minutes; 17.7% 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?
30.3% 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.
Last updated: