1st Advantage MortgageThe median Franklin County household earns $72,360, and 12% of residents live below the poverty line. Your income, debts and credit decide what you qualify for. Get offers in writing, compare the total repaid, and never pay a fee up front.
On this page
- Franklin County by the numbers
- Rent, home values and ownership in Franklin County
- What Franklin County households earn
- Work, industries and travel time in Franklin County
- The communities that make up Franklin County
- The counties around Franklin County
- Budget math at the Franklin County median
- More Franklin County figures
- Borrowing situations common in Franklin County
- Before you sign
- Licensing and complaints for Franklin County
- Nearby and statewide guides
- Frequently asked questions
Franklin County by the numbers
With an estimated 10,632 residents (ACS 2020 to 2024), Franklin County ranks 160th of 254 in Texas for population. Land area is 284 square miles (2024 Gazetteer), so density runs near 37 per square mile. No metropolitan area includes Franklin County in the 2023 federal delineation, so its numbers stand on their own rather than as part of a metro. Of the 1 Census place inside Franklin County, Mount Vernon leads by population with about 2,548.
Rent, home values and ownership in Franklin County
A typical Franklin County rental runs $936 a month including utilities, which is 33% below Texas. 39% of renting households spend 30% or more of income on rent, and 11% spend half or more. With a median value of $226,300, a typical Franklin County house costs 3.1 times what the median household earns in a year. 82% of Franklin County households own their home and 18% rent. The median year built is 1988.
| Measure | Franklin County | Texas | Median U.S. county |
|---|---|---|---|
| Median gross rent | $936/mo | $1,403/mo | $877/mo |
| Median home value | $226,300 | $283,800 | $185,300 |
| Owners | 82% | 63% | 75% |
| Rent-burdened renters | 39% | 52% | 45% |
| Burdened owners | 22% | 29% | n/a |
| Vacant units | 24% | 9% | n/a |
Owners with equity have a second option. Weigh a secured line against an unsecured loan by risk as well as cost before you choose (how they compare).
What Franklin County households earn
Half of Franklin County households take in less than $72,360 a year and half take in more, 8% below the Texas median of $78,476.
| Income band | Share in Franklin County | Difference from Texas |
|---|---|---|
| Under $35,000 | 19.5% | -2.0 pts |
| $35,000 to $99,999 | 46.9% | +7.5 pts |
| $100,000 to $199,999 | 19.8% | -6.9 pts |
| $200,000 or more | 13.9% | +1.4 pts |
Some 19% of households here live on less than $35,000 a year; 34% have six-figure incomes. The poverty rate is 11.7%, 2 points lower than the state's 13.8%. If your income is irregular, as it often is with tips, gig work or seasonal jobs, plan around your leaner months rather than the Franklin County median.
Work, industries and travel time in Franklin County
By the Census industry count, 23% of employed Franklin County residents work in education and health care and 11% in retail trade. Compared with Texas, the county leans toward agriculture, forestry and mining (7% against 2%). The survey's unemployment rate for Franklin County averages 4.4% over 2020 to 2024 (state: 5.3%). 12% of commuters travel 45 minutes or more each way, and 15% work from home. Households without a car make up 1.9% of the total (5.4% statewide).
| Top industries | Franklin County share | +/- vs Texas |
|---|---|---|
| Education and health care | 22.6% | +1.0 pts |
| Retail trade | 11.2% | +0.2 pts |
| Professional and administrative services | 10.3% | -2.6 pts |
| Manufacturing | 9.9% | +1.3 pts |
| Construction | 8.5% | -0.1 pts |
| Finance, insurance and real estate | 8.4% | +1.4 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Franklin County should have bank statements and tax returns ready.
The communities that make up Franklin County
Mount Vernon is the only Census place mainly inside Franklin County, with about 2,548 of the county's 10,632 residents. Mount Vernon has no separate guide, so this county page serves it.
| Place in county | Status | Population (ACS) | Median HH income | Monthly rent | Distance from center |
|---|---|---|---|---|---|
| Mount Vernon | town | 2,548 | $72,064 | $929 | 0 mi |
The counties around Franklin County
Titus County is closest, 15 miles from center to center; the sixth, Delta County, is 30 miles off. None of the six report a higher median household income than Franklin County; Hopkins County is highest at $70,888 and Titus County lowest at $58,425.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Franklin County | - | $72,360 | $936/mo | 82% |
| Titus County, TX | 15 mi | $58,425 | $907/mo | 71% |
| Camp County, TX | 20 mi | $58,843 | $801/mo | 77% |
| Hopkins County, TX | 20 mi | $70,888 | $1,109/mo | 71% |
| Morris County, TX | 29 mi | $58,645 | $859/mo | 74% |
| Wood County, TX | 29 mi | $60,300 | $862/mo | 80% |
| Delta County, TX | 30 mi | $66,575 | $945/mo | 83% |
Budget math at the Franklin County median
Franklin County at the medians, through a lender's eyes (what DTI means):
- Median income divided by twelve: $6,030 before taxes
- Housing at the median rent of $936 uses 16%
- With a 36% ceiling, about $1,235 remains for car, card, student and any new loan payments
Car, student loan and card payments come out of that room first. Try your own numbers in the calculator.
More Franklin County figures
College graduates make up 28% of the adult population. The uninsured rate is 15.0%, against 17.1% for Texas.
| Indicator | Franklin County | All of Texas | U.S. county median |
|---|---|---|---|
| Median age | 43.2 | 35.6 | 41.5 |
| Bachelor's or higher | 27.8% | 33.8% | 22.2% |
| No high school diploma | 9.6% | 14.0% | n/a |
| No health insurance | 15.0% | 17.1% | 7.8% |
| No vehicle | 1.9% | 5.4% | 5.4% |
| Work from home | 15.2% | 14.4% | 8.7% |
| Poverty rate | 11.7% | 13.8% | 13.2% |
| Unemployment (ACS) | 4.4% | 5.3% | 4.4% |
| Travel time to work | Workers |
|---|---|
| Under 15 min | 32.7% |
| 15 to 29 min | 40.4% |
| 30 to 44 min | 14.4% |
| 45 to 59 min | 4.1% |
| 60+ min | 8.4% |
Borrowing situations common in Franklin County
What the Franklin County figures suggest, and what to check first:
- Medical bills. 15% of Franklin County residents are uninsured. Before borrowing for care, ask the provider about financial assistance and payment plans.
- Credit reports. Pull free reports at AnnualCreditReport.com and dispute errors before applying.
- Combining balances. It helps when total cost falls and the cards stay paid down (consolidation).
Before you sign
Steps that save money for Franklin County residents:
- Size the loan to the bill, not to the most a lender offers.
- Shop at least three lenders, including one Franklin County-area credit union.
- A Texas license check takes minutes; do it first.
- Ask about early-payoff penalties.
Licensing and complaints for Franklin County
Licensing happens at the state level, so a lender working with Franklin County borrowers answers to the Texas Department of Banking. The Office of Consumer Credit Commissioner handles consumer-credit questions as well. Federal complaints: consumerfinance.gov. See the Texas state guide for the statewide picture.
Nearby and statewide guides
For statewide rules and data, see the Texas guide.
Frequently asked questions
How much do households in Franklin County earn?
The median is $72,360; 34% earn $100,000 or more and 19% under $35,000. A lender uses your own documented income, not this figure.
What do renters pay in Franklin County?
$936 a month at the median, about 16% of median household income.
Should Franklin County homeowners use home equity instead?
Maybe, but weigh the risk: 82% of Franklin County homes are owner-occupied, and a home-equity loan or line is secured by the house while a personal loan usually is not.
I live in a small Franklin County town. Is this my guide?
Yes. If your town has no city guide, this county page is the local one; it covers Mount Vernon.
Will a Franklin County address affect my match?
Beyond confirming Texas as your state, no. Your answers about amount, credit, income and payments are all that count.