HomeIllinoisMorgan CountyFranklin village
Franklin village, Illinois: commercial real estate data.
Franklin village is a Census village of 650 people across 0.83 square miles of land, in Morgan County. Median household income is $75,714, 65.8 percent of occupied homes are owned.
54 sourced place values · tier FULL · 7 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Franklin
What Franklin is
- Census place typevillage
- Land area0.83 sq mi
- Water area0 sq mi
- Population per square mile of land784 plus or minus 182
- County holding the largest share of its areaMorgan County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
How many people live in Franklin
- Population650 plus or minus 151
- Median age36.4 plus or minus 13.4
- Population under 18167 plus or minus 61
- Share under 1825.7 percent plus or minus 7.2
- Population 65 and over122 plus or minus 29
- Share 65 and over18.8 percent
- Households234
- Family households150 plus or minus 37
- Share of households that are families64.1 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
Income and work in Franklin
- Median household income$75,714
- Per capita income$47,836 plus or minus $20,385
- Civilian labor force329 plus or minus 95
- Employed308 plus or minus 79
- Unemployed21 plus or minus 24
- Unemployment rate6.4 percent plus or minus 7.1
- Adults 25 and over393
- Adults 25 and over with a high school diploma or higher94.1 percent
- Adults 25 and over with a bachelor degree or higher20.9 percent plus or minus 6.1
- Adults 25 and over with a graduate degree8.4 percent plus or minus 4.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
Housing in Franklin
- Housing units261
- Occupied units234
- Vacant units27 plus or minus 23
- Vacancy rate10.3 percent plus or minus 8.6
- Owner occupied154 plus or minus 38
- Renter occupied80 plus or minus 33
- Ownership rate65.8 percent
- Median owner-occupied home value$116,400
- Median gross rent, monthly$940
- Annual rent as a share of median income14.9 percent
- Single family units231 plus or minus 46
- Share single family88.5 percent
- Units in buildings of two or more24 plus or minus 19
- Share in buildings of two or more9.2 percent plus or minus 7.3
- Mobile homes6 plus or minus 6
- Median year structure built1962
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
How Franklin gets to work
- Workers 16 and over who commute268 plus or minus 68
- Commuting under 15 minutes71 plus or minus 30
- Share commuting under 15 minutes26.5 percent plus or minus 8.8
- Commuting 30 minutes or more86 plus or minus 30
- Share commuting 30 minutes or more32.1 percent plus or minus 7.5
- Drove alone81.7 percent
- Carpooled2.0 percent plus or minus 2.9
- Public transport0.0 percent
- Walked3.9 percent plus or minus 3.4
- Worked from home12.4 percent plus or minus 7.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
Flood risk in Franklin
- Listed NFIP communities1
- Of those, participating0
- NFIP community number171282
- Currently effective map date08/18/09
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Morgan County, not Franklin
Morgan County context, not Franklin figures
These are Morgan County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Franklin measurements.
- Establishments in Morgan County759
- Employment at those establishments, Morgan County12,835
- Covered employment, Morgan County13,936
- Average annual pay, Morgan County$53,188
- Average weekly wage, Morgan County$1,023
- Housing units permitted, Morgan County8
- Of those, single family, Morgan County4
- County product, 2024, Morgan County$2,061,535,000
- County product change over the prior year, Morgan County1.8 percent
- Average income of an arriving household, Morgan County$44,644
Every figure in this section is published for Morgan County as a whole and is not a measurement of Franklin. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No SBA approvals are recorded to a borrower address in this place in either FOIA release.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Franklin questions, answered from the record.
How many people live in Franklin, Illinois?
650, in 234 households. Franklin village covers 0.83 square miles of land, which is 784 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin in?
Morgan County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin?
$75,714. The median owner-occupied home is valued at $116,400. Median gross rent is $940 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Is Franklin in the National Flood Insurance Program?
It is listed but not shown as participating. Franklin appears in the FEMA Community Status Book as community 171282, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Franklin figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Morgan County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin.
Is zoning published for Franklin?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.