What percentage of people rent in Franklin, ME?
23.2% (±10.1 points) of the occupied homes in Franklin, ME are rented (2020–2024 American Community Survey).
That is 168 renting households against 556 that own their home.
In Franklin, the share of households that rent went from 20.8% in 2015–2019 to 23.2% in 2020–2024 (+2.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 23.2% (±10.1 points)
- Renting households
- 168 (±81)
- Median renter income
- $45,000 (±$33,431)
Who rents and who owns in Franklin
| Franklin | Hancock County | Maine | United States | |
|---|---|---|---|---|
| Renter-occupied share | 23.2% (±10.1 points) | 21.5% (±1.7 points) | 25.7% (±0.4 points) | 34.8% |
| Renting households | 168 (±81) | 5,489 (±486) | 153,586 (±2,467) | 45,017,354 |
| Owning households | 556 (±100) | 20,083 (±611) | 443,573 (±3,445) | 84,210,142 |
| Average renter household size | 2.0 (±0.3) | 1.8 (±0.1) | 1.9 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.2) | 2.2 (±0.1) | 2.4 (±0.0) | 2.6 |
| Median renter household income | $45,000 (±$33,431) | $40,571 (±$5,495) | $44,257 (±$1,278) | $52,966 |
| Median owner household income | $75,313 (±$22,324) | $83,521 (±$3,918) | $88,635 (±$995) | $100,009 |
In Franklin, the renter share is not measurably different from Hancock County (21.5%).
It is not measurably different from Maine (25.7%).
It is lower than the national figure (34.8%).
In Hancock County, Franklin ranks 7 of 37 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 92 of 482.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Franklin has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.8% (±5.9 points) | 23.2% (±10.1 points) | +2.4 percentage points | Not a measurable change |
| Median gross rent | $959 (±$49) | $888 (±$306) | −7.4% | No measurable change after inflation |
| Median household income | $45,750 (±$6,966) | $65,455 (±$15,583) | +43.1% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Franklin
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Franklin | — | 23.2% (±10.1 points) | — |
| Eastbrook | 5.2 mi | 13.4% (±6.8 points) | Not measurably different |
| Waltham | 5.5 mi | 14.8% (±8.1 points) | Not measurably different |
| Hancock | 5.6 mi | 18.9% (±7.7 points) | Not measurably different |
| Sullivan | 6.4 mi | 14.8% (±6.8 points) | Not measurably different |
| Lamoine | 8.4 mi | 21.6% (±7.6 points) | Not measurably different |
| Sorrento | 9.2 mi | 16.2% (±13.1 points) | Not measurably different |
| Ellsworth | 12 mi | 33.3% (±6.2 points) | Not measurably different |
| Trenton | 12 mi | 22.6% (±8.1 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Hancock County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Southwest Harbor | 44.3% (±9.8 points) |
| 2 | Ellsworth | 33.3% (±6.2 points) |
| 3 | Bucksport | 25.7% (±10.4 points) |
| 4 | Bar Harbor | 25.5% (±6.9 points) |
| 5 | Aurora | 24.1% (±18.8 points) |
| 6 | Tremont | 23.7% (±6.8 points) |
| 7 | Franklin | 23.2% (±10.1 points) |
| 8 | Stonington | 22.9% (±9.1 points) |
| 9 | Trenton | 22.6% (±8.1 points) |
| 10 | Lamoine | 21.6% (±7.6 points) |
| 11 | Blue Hill | 20.3% (±11.2 points) |
| 12 | Winter Harbor | 19.8% (±10.8 points) |
| 13 | Castine | 19.6% (±10.5 points) |
Showing 13 of 37 places in Hancock County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Franklin
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Questions about Franklin
How many renters are there in Franklin?
Franklin has an estimated 168 (±81) renting households, 23.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Franklin?
In Franklin, the share of households that rent went from 20.8% in 2015–2019 to 23.2% in 2020–2024 (+2.4 percentage points), not a measurable change.
How big are renting households in Franklin?
A renting household in Franklin has 2.0 people on average, against 2.3 in an owned home.
How much do renters earn in Franklin?
The median renting household in Franklin, ME has an income of $45,000 (±$33,431) a year, against $75,313 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Franklin town, Hancock County, Maine
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Franklin town, Hancock County, Maine
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Franklin town, Hancock County, Maine
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Franklin town, Hancock County, Maine
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Franklin town, Hancock County, Maine
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Franklin town, Hancock County, Maine (county subdivision:26350, in state:23 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Franklin at a glance
- Median rent in Franklin
- Income and affordability in Franklin
- Home values in Franklin
- Homeowner costs in Franklin
- Property taxes in Franklin
- Types of homes in Franklin
- Bedrooms in Franklin
- Age of homes in Franklin
- Heating fuel in Franklin
- Commute and cars in Franklin
- Population growth in Franklin
- How long people stay in Franklin
- Maine landlord and tenant rules
- Housing across Hancock County
- Maine places ranked by share of renters
- Housing data for every place in Maine