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Demographics
Population
Median Income
Racial Distributions
The zip code 17323 in Franklintown, Pennsylvania, is classified as a "Low Diversity" area with a "White Majority" as of 2022. The population is 93% white, with minimal representation from other racial groups. The median income for this community of 73 residents was $80,229 in 2022, indicating a relatively affluent area.
Franklintown has maintained its status as a "Low Diversity" area with a "White Majority" over the past decade. The white population has remained above 89% throughout the observed period, with only minor fluctuations. There have been no significant transitions between diversity categories, suggesting a stable racial composition.
There are subtle signs of increasing diversity. A small black population (1-3%) emerged from 2017 onwards. A consistent Hispanic presence of 3-4% has existed since 2013. A small two-or-more races category (1%) appeared from 2019. These changes, while minor, could potentially indicate the beginnings of a "Transitional Community", albeit at a very slow pace.
The median income in Franklintown has shown considerable volatility over the years. It peaked in 2020 at $103,928, declined sharply in 2021 to $66,943, and recovered to $80,229 in 2022. Despite fluctuations, the overall trend shows an increase from $72,421 in 2013 to $80,229 in 2022. The population has grown from 54 in 2010 to 73 in 2022, a 35% increase. This growth, combined with the generally upward trend in median income, suggests economic development in the area.
The periods of highest income (2020) and lowest income (2021) did not correspond with significant changes in racial composition, indicating that local economic factors may have a stronger influence on income than demographic shifts in this small community.
The stability of Franklintown's racial composition contrasts with national trends towards increasing diversity. The median household income in Franklintown ($80,229 in 2022) is higher than the national median ($69,717 in 2021), suggesting a relatively affluent community. The income volatility observed may reflect the small population size, where changes affecting a few households can significantly impact overall statistics.
The population growth of 35% over a decade is substantial for such a small community and could be indicative of local economic opportunities or changes in housing development. This growth rate is higher than the national average, which was about 7.4% from 2010 to 2020.
Franklintown remains a predominantly white, low-diversity area, with subtle indications of increasing diversity. The community has experienced economic growth and population increase, but also significant income volatility. These trends suggest a slowly evolving community that, while not reflecting broader national demographic shifts, is experiencing its own unique patterns of change and development.