What percentage of people rent in Franklin, VA?

Name: Renters and owners in Franklin, VA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

46.1% (±5.1 points) of the occupied homes in Franklin, VA are rented (2020–2024 American Community Survey).

That is 1,593 renting households against 1,861 that own their home.

In Franklin, the share of households that rent went from 48.4% in 2015–2019 to 46.1% in 2020–2024 (−2.3 percentage points), not a measurable change.

Figures last updated on November 12, 2026.

Households that rent: 46.1% (±5.1 points)
Renting households: 1,593 (±250)
Median renter income: $40,078 (±$16,658)

Who rents and who owns in Franklin

Tenure, estimate (90% margin of error)
	Franklin	Franklin city	Virginia	United States
Renter-occupied share	46.1% (±5.1 points)	46.1% (±5.1 points)	32.7% (±0.3 points)	34.8%
Renting households	1,593 (±250)	1,593 (±250)	1,099,123 (±8,702)	45,017,354
Owning households	1,861 (±151)	1,861 (±151)	2,266,609 (±13,049)	84,210,142
Average renter household size	2.6 (±0.3)	2.6 (±0.3)	2.3 (±0.0)	2.3
Average owner household size	2.2 (±0.3)	2.2 (±0.3)	2.6 (±0.0)	2.6
Median renter household income	$40,078 (±$16,658)	$40,078 (±$16,658)	$60,343 (±$529)	$52,966
Median owner household income	$83,917 (±$19,538)	$83,917 (±$19,538)	$114,147 (±$479)	$100,009

In Franklin, the renter share is not measurably different from Franklin city (46.1%).

It is also higher than in Virginia (32.7%).

It is higher than the national figure (34.8%).

Statewide, it ranks 90 of 464.

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 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Households that rent	48.4% (±5.7 points)	46.1% (±5.1 points)	−2.3 percentage points	Not a measurable change
Median gross rent	$860 (±$44)	$988 (±$87)	+14.9%	No measurable change after inflation
Median household income	$40,417 (±$8,465)	$63,245 (±$6,558)	+56.5%	Up 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

Nearest places with a published estimate, compared with Franklin
Place	Distance	Households that rent	Compared with this place
Franklin	—	46.1% (±5.1 points)	—
Courtland	7.0 mi	49.1% (±13.2 points)	Not measurably different
Newsoms	11 mi	24.8% (±15.4 points)	Lower
Como	13 mi	23.6% (±32.8 points)	Not measurably different
Windsor	14 mi	19.4% (±6.9 points)	Lower
Capron	15 mi	33.8% (±23.6 points)	Not measurably different
Ivor	15 mi	25.5% (±12.6 points)	Lower
Boykins	16 mi	26.9% (±13.9 points)	Lower
Suffolk	17 mi	29.3% (±1.5 points)	Lower

Nearby places with a measurably lower figure: Newsoms, VA (24.8%), Windsor, VA (19.4%), Ivor, VA (25.5%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Franklin

How many renters are there in Franklin?

Franklin has an estimated 1,593 (±250) renting households, 46.1% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Franklin?

In Franklin, the share of households that rent went from 48.4% in 2015–2019 to 46.1% in 2020–2024 (−2.3 percentage points), not a measurable change.

How big are renting households in Franklin?

A renting household in Franklin has 2.6 people on average, against 2.2 in an owned home.

How much do renters earn in Franklin?

The median renting household in Franklin, VA has an income of $40,078 (±$16,658) a year, against $83,917 for households that own their home.

Sources

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 city, Virginia (place:29600, in state:51).

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.

Request a Census API 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.