Where does this demographic data come from?

All demographic data comes from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates, which samples about 3.5 million households annually. The 5-year estimates provide the most reliable data for small geographies like municipalities.

What is the difference between Census data and ACS data?

The decennial Census (conducted every 10 years) is a full population count focusing on basic demographics. The ACS is an ongoing survey that collects detailed data on income, education, housing, commute patterns, and more. ACS data is updated annually but represents averages over a 5-year period.

How accurate is this data for small towns?

For smaller municipalities, ACS estimates have wider margins of error because fewer residents are sampled. The 5-year estimates reduce this uncertainty by averaging over a longer period. For towns under 5,000 people, treat specific numbers as approximations rather than precise counts.

Franklin, TX Population, Income & Demographics 2026

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Demographics — 2024 ACS 5-Year Estimatesi

Census

Populationi

11,712

Median Agei

35.2

Race & Ethnicityi

White

85.5%10,018

Hispanic/Latino

4.9%574

Asian

3.7%432

Black

2.9%342

Two or More

2.7%322

American Indian/Alaska Native

0.2%24

Educational Attainment (Age 25+)i

GED/Alternative

9.1%708

High School Diploma

38.5%2,982

Some College (<1 yr)

5.9%460

Some College (1+ yr)

12.9%1,002

Associate's Degree

8.4%648

Bachelor's Degree

10.9%844

Master's Degree

3.6%283

Professional Degree

0.1%7

Doctorate

1.2%92

HS or Higher

90.6%

BA or Higher

15.8%

Graduate+

4.9%

Housingi

Median Home Valuei

$183,100

Median Renti

$981

Tenure

Owner-Occupied

60.7%2,884

Renter-Occupied

39.3%1,865

Total Units

5,032

Homeownership

60.7%

Vacancy Rate

5.6%

Home Values

Under $50K

2.7%78

$50K–$100K

15.9%458

$100K–$150K

19.3%556

$150K–$200K

17%491

$200K–$300K

31%894

$300K–$500K

12.7%367

$500K–$1M

1.1%31

$1M+

0.3%9

Rent Distribution

Under $500

321

$500–$750

170

$750–$1,000

461

$1,000–$1,250

531

$1,250–$1,500

124

$1,500–$2,000

147

$2,000+

Year Built

2020 or later

0.4%21

2010–2019

3.9%195

2000–2009

10.5%527

1990–1999

11.5%579

1980–1989

5%251

1970–1979

14%706

1960–1969

18.6%936

1950–1959

13.3%668

1940–1949

3.7%185

1939 or earlier

19.2%964

Heating Fuel

Utility Gas

63.3%3,004

Electricity

34.2%1,623

Bottled/LP Gas

1.9%91

No Fuel

0.4%21

Fuel Oil

0.2%10

Economyi

Median Household Incomei

$58,587

Mean Household Incomei

$78,986

Per Capita Incomei

$32,714

Poverty Ratei

22.3%

Unemploymenti

4.6%

Labor Forcei

5,692

Household Income Distribution

Under $10K

7.9%374

$10K–$15K

2.5%117

$15K–$20K

4.6%220

$20K–$25K

4.1%195

$25K–$30K

4.1%194

$30K–$35K

5.6%267

$35K–$40K

5.4%257

$40K–$45K

3.5%164

$45K–$50K

4.3%205

$50K–$60K

9.6%455

$60K–$75K

5.9%282

$75K–$100K

16.8%797

$100K–$125K

9.8%465

$125K–$150K

5.4%258

$150K–$200K

7.1%336

$200K+

3.4%163

Federally Subsidized Housingi

HUD

The federal government helps low-income families, seniors, and people with disabilities afford housing through several programs. Residents typically pay about 30% of their income toward rent, with the government covering the rest. This data shows how many households in this community receive that assistance.

Subsidized Homesi

602

Residentsi

1,092

Avg. Tenant Renti

$378/mo

Avg. Waitlisti

10 months

Programs in this community

Public Housing42 homes90% occupied$442/mo rent

Government-owned housing managed by local housing authorities

Housing Choice Vouchers240 homes90% occupied$408/mo rent

Rental vouchers (Section 8) that help tenants pay for private-market housing

Project Based Section 8320 homes91% occupied$347/mo rent

Privately owned apartments with rent subsidies tied to the building

Household Incomei

Based on area median of $58,587/yr

Extremely low incomeUnder $18K/yr

84%

Very low income$18K–$29K/yr

16%

Who Receives This Housing

84.9% of subsidized households are headed by a single mother

14.7% of subsidized households are minority

17.6% of subsidized households include someone with a disability

28.8% of subsidized households include a senior (62+)

Commute & Transportationi

Workersi

5,353

Avg. Commutei

23.1 min

How People Get to Work

Travel Time to Work

Workforce

Total Employed

5,431

Occupations

Industries

Social Characteristicsi

Marital Status (15+)i

Veteransi

751(8.1% of civilian adults)