Franklin, Renville County, MN demographics:
population, income, and more

Total population
526
2.5% year-over-year change
Median household income
$51,500/yr
-6.2% year-over-year change
Housing units
225
11.9% year-over-year change

Franklin population

How many people live in Franklin

Franklin is home to 526 residents, according to the most recent Census data. Gender-wise, 52.5% of Franklin locals are male, and 47.5% are female.

Total population
526
2.5% year-over-year change
Gender ratio
Male
52.5%
276
Female
47.5%
250
Value Percent YoY change
Male 276 52.5% 0.7%
Female 250 47.5% 4.6%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Franklin is 39, with the population distributed as follows: about 18.2% are children under 15, then 13.5% are in the 15 to 24 age group. Adults between 25 and 44 make up 27.2% of the population, while another 20.7% fall into the 45 to 64 bracket. Finally, around 20.3% are 65 or older.

Median age
38.8
Age breakdown
Under 15
18.2%
15 to 24
13.5%
25 to 44
27.2%
45 to 64
20.7%
Over 65
20.3%
Value Percent YoY change
Under 15 96 18.2% 7.9%
15 to 24 71 13.5% 12.7%
25 to 44 143 27.2% -4.0%
45 to 64 109 20.7% 5.8%
Over 65 107 20.3% -1.8%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

In Franklin, 92.4% of the population are US-born citizens, while 3.2% have gained naturalized citizenship. At the same time, 4.4% of residents are non-citizens. As for race, 80.8% of locals are Caucasian, 1.9% are African American and 5.5% have Asian roots. There’s also a share of 3.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
92.4%
Non-U.S.-born citizens
3.2%
Non-citizens
4.4%
Value Percent YoY change
U.S.-born citizens 486 92.4% 1.2%
Non-U.S.-born citizens 17 3.2% -22.7%
Non-citizens 23 4.4% 109.1%
Racial breakdown
White
80.8%
Black or African American
1.9%
American Indian and Alaska Native
0.2%
Asian
5.5%
Native Hawaiian and other Pacific Islander
0%
Two or more races
3.2%
Other
8.4%
Value Percent
White 425 80.8%
Black or African American 10 1.9%
American Indian and Alaska Native 1 0.2%
Asian 29 5.5%
Two or more races 17 3.2%
Other 44 8.4%

Households in Franklin

A peek inside Franklin households

Franklin has 218 households, with an average of 2 members in each. Of these, 51.8% are families, while the remaining 48.2% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
218
9.6% year-over-year change
Average people per household
2
Non-family households
105
Family households
113
Value Percent YoY change
Non-family households 105 48.2% 25.0%
Family households 113 51.8% -1.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Franklin

The housing landscape of Franklin

Franklin's housing consists of 225 units, with 92.9% being detached single-family homes ideal for those wanting space. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 0.4% of the housing landscape.

Housing units
225
11.9% year-over-year change
Housing types
Value Percent
1 unit, detached 209 92.9%
5 to 9 units 10 4.4%
10 to 19 units 5 2.2%
Mobile home 1 0.4%
Homes built since 2020
0
% year-over-year change

The age of buildings in Franklin

In Franklin, the median construction year is 1958. About 22.7% of homes were built before the 1940s, with another 10.2% going up by 1949. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built in 1939 or earlier 51 22.7% 10.9%
Built between 1940 and 1949 23 10.2% 0.0%
Built between 1950 and 1959 48 21.3% 50.0%
Built between 1960 and 1969 17 7.6% 21.4%
Built between 1970 and 1979 43 19.1% 2.4%
Built between 1980 and 1989 27 12% 17.4%
Built between 1990 and 1999 7 3.1% -30.0%
Built between 2000 and 2009 9 4% -18.2%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Franklin occupancy rates

Out of the 218 occupied housing units in Franklin, 83.9% are owner-occupied, while 16.1% are lived in by tenants. Meanwhile, 3.1% of all homes on the local market sit vacant.

Occupied housing units
218
9.6% year-over-year change
Occupancy breakdown
Renter occupied
35
Owner occupied
183
Value Percent YoY
change
Renter occupied 35 16.1% 9.4%
Owner occupied 183 83.9% 9.6%
Unoccupied housing units
3.1%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Franklin housing costs

Housing costs in Franklin come to a median of $940 per month, while tenants specifically pay a median gross rent of $838.

Median housing costs per month
$940/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.
Median gross rent in Franklin
$838/month
Gross rent gives a more complete look at what renters actually pay, including not just base rent, but also utilities and fees. It’s a key number for evaluating rental affordability in your area of interest and understanding how it compares to nearby locations.

Education in Franklin

Franklin education at a glance

About 51.8% of the population in Franklin went to high school, while 21.3% pursued college studies. Another 14.1% earned an associate degree and 9.5% hold a bachelor’s.

Education level
Value Percent YoY change
No high school 13 3.3% 8.3%
High school diploma 202 51.8% 6.3%
College diploma 83 21.3% -1.2%
Associate degree 55 14.1% 10.0%
Bachelor's degree 37 9.5% -21.3%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Franklin

How much people earn in Franklin

The average annual household income in Franklin was $70,590 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a -4.5% change from the previous year. At the same time, the median income stood at $51,500, reflecting a -6.2% shift over the same period.

Average household income in Franklin
$70,590/year
-4.5% year-over-year change
Median household income in Franklin
$51,500/year
-6.2% year-over-year change

Franklin income by age

In Franklin, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $54,375. Those with someone between 45 and 64 in charge, often well established professionally, earn $49,688 overall. Younger households, where the main provider is under 25 and just starting out, report a median income of $28,500, while those led by someone over 65, many of whom may be retired, have about $78,750 in earnings. Overall, 83.9% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
Under 25 $28,500 N/A
25 - 44 $54,375 -0.7%
45 - 64 $49,688 0.6%
Over 65 $78,750 -4.3%
Above poverty level
406
Below poverty level
78
Value Percent YoY
change
Above poverty level 406 83.9% 4.9%
Below poverty level 78 16.1% 13.0%

Average renter income in Franklin

To get a better sense of what renters earn on average in Franklin, their median household income was $20,833 according to 2022 Census data. In addition, the rent-to-income ratio in the area, at 48.3%, shows what portion of their earnings goes toward housing expenses.

Renter median household income
$20,833
Rent-to-income ratio
48.3%
Understanding the rent-to-income ratio can help renters gauge if local housing costs align with their earnings. A ratio under 30% usually signals affordability, while exceeding this mark means rent is taking a larger-than-recommended bite out of income. That could make it harder for you to cover other costs like transportation, healthcare, or child care.

Employment in Franklin

Workforce and job types in Franklin

The job market in Franklin is powered by 266 working residents, spread across a range of industries and roles. 59.8% of the working population are employed in professional or administrative positions, while 40.2% are in hands-on or service-based jobs. Also, 11.6% run their own businesses, 70.7% are employed by private companies, and 13.9% work in the public sector.

Workforce demographics

Working population
266
3.1% year-over-year change
White collar
159
Blue collar
107
Value Percent YoY change
White collar 159 59.8% 7.4%
Blue collar 107 40.2% -2.7%
Employer type
Self employees
11.6%
Private companies
70.7%
Governmental workers
13.9%
Not for profit companies
3.8%
Value Percent YoY change
Self employees 31 11.6% 6.9%
Private companies 188 70.7% 3.3%
Governmental workers 37 13.9% 0.0%
Not for profit companies 10 3.8% 0.0%
Unemployment rate
3.3%
80.0% year-over-year change

Available workforce

The unemployment rate in Franklin stands at 3.3%, representing the share of the workforce currently without a job and actively looking for one.

For renters, the unemployment rate helps paint a picture of job security and financial stability in the area. Rates around 4% to 5% are considered typical. A lower-than-average rate might suggest strong job prospects and a thriving local economy, while a higher rate could hint at fewer opportunities—both useful to consider when planning a move.

Transportation in Franklin

How people get around in Franklin

Means of transportation
Value Percent YoY change
Car 237 90.1% 0.8%
Motorcycle 3 1.1% 0.0%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

What is the median and average household income in Franklin by zipcode?

Zipcode Population Number of households Median income Average income
55333 698 311 $54,688 $76,537

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FAQs about Franklin demographics 

What is the total population of Franklin?

Franklin has a total population of 526 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by +2.5% compared to a year ago.

What is the gender ratio in Franklin?

The gender ratio in Franklin is as follows:
  • 52.5% males (276 residents)
  • 47.5% females (250 residents)

What is the median age in Franklin?

The median age in Franklin is 38.8.

What is the age distribution of the population in Franklin?

The age distribution in Franklin is as follows:
  • Under 15: 18.2% (96 residents)
  • Ages 15-24: 13.5% (71 residents)
  • Ages 25-44: 27.2% (143 residents)
  • Ages 45-64: 20.7% (109 residents)
  • Over 65: 20.3% (107 residents)

What is the racial and ethnic makeup of Franklin?

The racial and ethnic makeup of Franklin is as follows:
  • White: 80.8% (425 residents)
  • Black or African American: 1.9% (10 residents)
  • American Indian and Alaska Native: 0.2% (1 residents)
  • Asian: 5.5% (29 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 3.2% (17 residents)
  • Other: 8.4% (44 residents)

What percentage of the population in Franklin are U.S.-born citizens?

U.S.-born citizens represent 92.4% of the population in Franklin.

How many housing units are there in Franklin?

There are 225 housing units in Franklin, reflecting a +11.9% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Franklin and what is the average household size?

Franklin has a total of 218 households, with an average of 2 people in each.

What is the median household income in Franklin?

Franklin has a median household income of $51,500, representing a -6.2% shift from the previous year, according to the U.S. Census Bureau.

What is the employment rate and job market overview for Franklin?

The employment rate is 96.7% in Franklin, with a workforce of 266 residents. Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 59.8% (159 residents)
  • Blue-collar workers: 40.2% (107 residents)

Places of employment:
  • Self-employed: 11.6% (31 residents)
  • Private companies: 70.7% (188 residents)
  • Governmental workers: 13.9% (37 residents)
  • Not-for-profit companies: 3.8% (10 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025