Census ACS · ZIP Code Tabulation Area

23851 Income Statistics for 2026

Franklin city, Virginia

Median household income

$70,122

Median household income ($70,122) is equal than Franklin city County ($70,122).

23851$70,122
Franklin city County$70,122

Average household income

$80,760

Average household income ($80,760) is equal than Franklin city County ($80,760).

23851$80,760
Franklin city County$80,760

Per-capita income

$33,767

Per-capita income ($33,767) is equal than Franklin city County ($33,767).

23851$33,767
Franklin city County$33,767

Households earning $100k+

29.6%

Households earning $100k+ (29.6%) is lower than Franklin city County (30.0%).

2385129.6%
Franklin city County30.0%

All demographics

Population
13,237
Households
5,410
Median age
41.7 yrs
Median household income
$70,122
Mean household income
$80,760
Per capita income
$33,767
Median home value
$244,300
Median gross rent
$999
Owner-occupied housing
61.3%
Bachelor's degree or higher
25.3%
In labor force
58.8%
Poverty rate
14.9%
Households earning $100k+
29.6%
Population under 5
5.9%
Population age 18–34
17.7%
Population age 25–44
24.1%
Population age 45–64
25.8%
Population age 65+
20.0%
Hispanic or Latino
2.0%
Black (non-Hispanic)
47.0%
Asian (non-Hispanic)
0.6%
Unemployment rate
6.7%

County and peer ZIP comparisons use population-weighted aggregates from other ZCTAs in the same county. Source: US Census Bureau ACS 5-year estimates. Page URL: https://resource.skyrocketbpo.com/tools/market-research/us-income-demographics-by-zip-code/virginia/23851

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 23851 income statistics ($70,122 median)

ZIP Code Tabulation Area 23851 in Virginia is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 23851 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 13,237 people live in this ZCTA. Median household income here ($70,122) is equal than Franklin city County ($70,122). Operators sizing a local market often pair median income with mean income ($80,760) and the share of households earning $100k+ to gauge both typical and upscale demand.

Small-area ACS estimates carry wider margins of error than state or county totals. The Census Bureau publishes guidance on interpreting confidence intervals (linked below). When a figure is critical to your analysis, download the underlying table from data.census.gov and review the margin of error column before citing it in a business plan or press release.

Data vintage: Census ACS 2024 5-year estimates (published 2026). Tables: B19013 (median HH income), B19001 (distribution), B19049 (income by age of householder).

Authoritative sources & further reading

Primary government data and reference pages for verifying and extending this analysis.

Related market research tools

Combine ZIP-level income with these free Resource tools for fuller market pictures.

All ZIP codes·Virginia·ZIP codes in Franklin city