Franklin, VA · standard
ZIP Code 23851
Isle of Wight County, Virginia — Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 13,715
- 50/sq mi
- $70,122
- Median income
- $244,300
- Median home value
- 25.3%
- Bachelor's or higher
The verdict
Franklin pairs a below-median household income with above-median home values, in a rural, homeowner-dominated area.
- 47th pct
- household income, US ZIPs
- Top 44%
- home value, US ZIPs
- 50
- people per sq mi
- 61%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 23851 against every reporting US ZIP.
ZIP code 23851 is classified by USPS as a standard delivery area and covers roughly 277.1 square miles in Franklin, Isle of Wight County, Virginia. The area is home to 13,715 residents, producing a population density of 50 people per square mile, and falls within the New York time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 23851 against Virginia and the nation.
On the economic side, the median household income for ZIP 23851 sits at $70,122 (18% below the Virginia average), while per-capita income is $33,767. The poverty rate stands at 14.9% and the unemployment rate at 6.7%. On housing, the median home value is $244,300 (27% below the state average) with median rent at $999 per month, and 61.3% of occupied units are owner-occupied, a direct signal of whether 23851 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 25.3% of adults hold a bachelor's degree or higher, the median age is 41.7, and the average commute is 27 minutes. We also surface 3 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Isle of Wight County, so you can benchmark 23851 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 23851
Top 5 sectors by establishment count
Which industries have the most business establishments in ZIP 23851.
- Health care and social assistance
Health care and social assistance
61 establishments
- Retail trade
Retail trade
56 establishments
- Other services (except public administration)
Other services (except public administration)
46 establishments
- Accommodation and food services
Accommodation and food services
31 establishments
- Finance and insurance 20
Finance and insurance
20 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, FHFA HPI for ZIP 23851, Franklin, VA · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; HUD FMR + FHFA HPI updated quarterly/annually.
Quick Facts
13,715
Population
277.1
Area (sq mi)
50
People / sq mi
New York
Time Zone
standard
ZIP Type
Who lives in ZIP 23851?
41.7
Median Age
47.0%
Male
53.0%
Female
1.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$70,122
Median Household Income
-18% vs state
$33,767
Per Capita Income
14.9%
Poverty Rate
6.7%
Unemployment Rate
27.4 min
Mean Commute Time
How ZIP 23851 ranks nationally
Household income vs. every US ZIP code
Median household income — the full national distribution, with this ZIP marked
$70,122 47th percentile higher than 47% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau — ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
6,027
Total Housing Units
5,410
Occupied Units
617
Vacant Units
2.42
Avg Household Size
Occupancy Type
$244,300
Median Home Value
-27% vs state
$999
Median Rent
1975
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+5.7%
YoY Change (2024)
213
HPI Index (2000 = 100)
+113%
Total Change Since 2000
Home values in ZIP 23851 have increased 5.7% over the past year (2024). Since 2000, this ZIP has seen +113% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.6% | 153 |
| 2021 | +10.6% | 169 |
| 2022 | +11.0% | 188 |
| 2023 | +7.1% | 201 |
| 2024 | +5.7% | 213 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 330 business establishments in ZIP 23851, employing approximately 4,321 people with a combined annual payroll of $180,349,000.
330
Businesses
4,321
Employees
$180.3M
Annual Payroll
15
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 61 | 18.5% |
| Retail trade | 56 | 17.0% |
| Other services (except public administration) | 46 | 13.9% |
| Accommodation and food services | 31 | 9.4% |
| Finance and insurance | 20 | 6.1% |
| Real estate and rental and leasing | 18 | 5.5% |
| Construction | 15 | 4.5% |
| Professional, scientific, and technical services | 14 | 4.2% |
| Manufacturing | 13 | 3.9% |
| Wholesale trade | 13 | 3.9% |
| Administrative and support and waste management and remediation services | 12 | 3.6% |
| Transportation and warehousing | 11 | 3.3% |
| Information | 7 | 2.1% |
| Arts, entertainment, and recreation | 5 | 1.5% |
| Agriculture, forestry, fishing and hunting | 4 | 1.2% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 23851 vs 23874 →
ZIP 23851 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 23851
Franklin (23851)
13,715 residents
- 23837 4,298
Courtland (23837)
4,298 residents
- 23315 1,525
Carrsville (23315)
1,525 residents
- 23874 1,004
Newsoms (23874)
1,004 residents
What this shows Among its immediate neighbors, ZIP 23851 ranks the most populous — useful context the national average alone can't give.
ZIP 23851 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 23315
Carrsville (23315)
$71,523 median income
- 23851
Franklin (23851)
$70,122 median income
- 23837
Courtland (23837)
$66,645 median income
- 23874
Newsoms (23874)
$58,628 median income
What this shows By household income, ZIP 23851 ranks #2 of 4 neighboring ZIPs — local affluence varies block to block, not just metro to metro.
More ZIP Codes in Isle of Wight County
Related Areas
Frequently Asked Questions
What county is ZIP code 23851 in? ▼
What is the population of ZIP code 23851? ▼
What is the median household income in ZIP 23851? ▼
What is the average home value in ZIP 23851? ▼
What is the demographic makeup of ZIP 23851? ▼
How many businesses are in ZIP code 23851? ▼
What are the main industries in ZIP code 23851? ▼
How have home values changed in ZIP code 23851? ▼
What is the education level in ZIP code 23851? ▼
What is the average commute time in ZIP 23851? ▼
What percentage of residents own vs. rent in ZIP 23851? ▼
What is the poverty rate in ZIP code 23851? ▼
ZIP Code Research Guides
Official Data Resources for Franklin, VA
Verify and explore additional data for this area using these official government sources.
Read our methodology to see how this data is sourced, computed, and verified.