Franklin

Population: 513
Median household income: $54,904
Median home value: $84,800

Franklin, a community in Renville County, Minnesota, has 513 residents. Its median household income of $54,904 runs below the Renville County figure of $69,086.

Between 2019 and 2023, Franklin's population declined 7.2% from 553 to 513, while its median home value rose 14.3% from $74,200 to $84,800.

12.5% of adults 25 and older hold a bachelor's degree or higher. Owners occupy 83.9% of the area's occupied homes.

Demographics

ACS 2019–2023

Population: 513
Median age: 38.0 yrs
Median household income: $54,904
Median home value: $84,800
Median gross rent: $883
Housing units: 201
Homeownership rate: 83.9%
Bachelor's degree or higher: 12.5%
Unemployment rate: 1.9%

Trends

ACS 5-year · 2019–2023

Population

553513

Median household income

$36,458$54,904

Median home value

$74,200$84,800

Median gross rent

$579$883

Year	Population	Median household income	Median home value	Median gross rent
2019	553	$36,458	$74,200	$579
2020	578	$45,750	$80,700	$579
2021	508	$55,625	$78,100	$588
2022	540	$56,250	$82,400	$640
2023	513	$54,904	$84,800	$883

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 53.5%

5 to 1721.8%

18 to 244.3%

25 to 3412.1%

35 to 4417.0%

45 to 546.4%

55 to 6413.6%

65 to 7417.7%

75 and over3.5%

	Count	Share
Under 5	18	3.5%
5 to 17	112	21.8%
18 to 24	22	4.3%
25 to 34	62	12.1%
35 to 44	87	17.0%
45 to 54	33	6.4%
55 to 64	70	13.6%
65 to 74	91	17.7%
75 and over	18	3.5%

Race & ethnicity

	Count	Share
White (non-Hispanic)	414	80.7%
Black or African American	8	1.6%
American Indian & Alaska Native	18	3.5%
Asian	29	5.7%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	0	0.0%
Two or more races	12	2.3%
Hispanic or Latino (any race)	32	6.2%

Educational attainment (age 25+)

No high school diploma8.6%

High school graduate44.6%

Some college or associate's34.3%

Bachelor's degree12.5%

Graduate or professional degree0.0%

	Count	Share
No high school diploma	31	8.6%
High school graduate	161	44.6%
Some college or associate's	124	34.3%
Bachelor's degree	45	12.5%
Graduate or professional degree	0	0.0%

Commute to work

Mean travel time to work: 23 min

Drove alone88.4%

Carpooled2.7%

Public transit0.0%

Walked2.3%

Bicycle0.0%

Worked from home4.7%

Other means1.9%

How workers get to work

	Count	Share
Drove alone	228	88.4%
Carpooled	7	2.7%
Public transit	0	0.0%
Walked	6	2.3%
Bicycle	0	0.0%
Worked from home	12	4.7%
Other means	5	1.9%

Travel time

	Count	Share
Under 15 min	117	47.6%
15 to 29 min	75	30.5%
30 to 44 min	20	8.1%
45 to 59 min	0	0.0%
60+ min	34	13.8%

Households

Average household size: 2.32
Poverty rate: 15.1% (69 of 456)

	Count	Share
Family households	115	57.8%
Nonfamily households	84	42.2%

Housing

Median year structure built: 1960

Occupancy

	Count	Share
Occupied	199	99.0%
Vacant	2	1.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	167	83.9%
Renter-occupied	32	16.1%

1-unit, detached95.5%

1-unit, attached0.0%

2 to 4 units0.0%

5 to 19 units3.5%

20 or more units0.0%

Mobile home & other1.0%

Units in structure

	Count	Share
1-unit, detached	192	95.5%
1-unit, attached	0	0.0%
2 to 4 units	0	0.0%
5 to 19 units	7	3.5%
20 or more units	0	0.0%
Mobile home & other	2	1.0%

Geography

Place GEOID: 2722364
Type (LSAD): 25
Land area: 1.01 sq mi
Water area: 0 sq mi
Center point: 44.5306, -94.8841