Franklin is located in south Minnesota. Franklin is between the Renville, Brown, Redwood county. Franklin has 1.08 square miles of land area and has no water area. As of 2010-2014, the total Franklin population is 653, which has grown 31.12% since 2000. The population growth rate is much higher than the state average rate of 9.44% and is much higher than the national average rate of 11.61%. Franklin median household income is $37,386 in 2010-2014 and has has shrunk by 0.52% since 2000. The income growth rate is much lower than the state average rate of 29.12% and is much lower than the national average rate of 27.36%. Franklin median house value is $60,500 in 2010-2014 and has shrunk by -55.93% since 2000. The house value growth rate is higher than the state average rate of 51.31% and is higher than the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Franklin is worse than the state average in quality. The Franklin area code is 507.