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 Moderate-density area
- $70,122
- Median income Near-median income area
- $244,300
- Median home value Near-median home value
- 25.3%
- Bachelor's or higher Near-average bachelor's attainment
National ZIP placement
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.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 23851 (Franklin, VA) rose +5.7% from 2023 to 2024. The all-transactions index moved from 201.3 in 2023 to 212.7 in 2024 (2000 = 100).
ZIP code 23851 is a mid-sized community (a standard USPS delivery area) in Franklin, Isle of Wight County, Virginia, home to 13,715 residents across 277.1 square miles, a density of 50 people per square mile, in the New York time zone.
ZIP 23851 lands in the middle-income range, with a median household income of $70,122 (18% below the average Virginia ZIP), while per-capita income is $33,767. The poverty rate is 14.9%, with unemployment at 6.7%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $244,300 (27% below the average Virginia ZIP), and median rent is $999; owner occupancy is 61.3%.
Educational attainment sits below the national norm: 25.3% of adults hold a bachelor's degree or higher, the median age is 41.7, and the average commute is 27 minutes. The page also surfaces 3 ZIP codes within roughly 10 miles and 6 more in Isle of Wight County, so 23851 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 23851
Top 5 sectors by establishment count in Franklin, VA
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 + FHFA HPI ACS demographics and median rent, ZBP business establishments, 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; 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 ZIP avg
$33,767
Per Capita Income
14.9%
Poverty Rate
6.7%
Unemployment Rate
27.4 min
Mean Commute Time
How ZIP 23851 ranks among Virginia ZIPs
Franklin, VA household income vs. every Virginia ZIP code
Median household income among 804 reporting Virginia ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$70,122 44th percentile higher than 44% of 804 Virginia ZIPs
Each bar is a $20K-wide band; taller bars hold more Virginia 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?
Housing stock: occupied vs vacant
6,027housing units
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 ZIP avg
$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.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 23851, both outside VA so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (13,715 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Isle of Wight County
Related Areas
Frequently Asked Questions
What county is ZIP code 23851 in?
ZIP code 23851 (Franklin) is located in Isle of Wight County, Virginia. Isle of Wight County contains multiple ZIP codes, see the full list at /counties/isle-of-wight-va.
What is the population of ZIP code 23851?
ZIP code 23851 in Franklin, VA has a population of 13,715 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 23851?
The median household income in ZIP 23851 is $70,122, which is 8% below the national average of $76,288.
What is the average home value in ZIP 23851?
The median home value in ZIP 23851 is $244,300, which is 12% below the national average of $278,155.
What is the demographic makeup of ZIP 23851?
The largest racial group in ZIP 23851 is African American at 47.5%. Hispanic or Latino residents make up 2.0% of the population.
How many businesses are in ZIP code 23851?
ZIP code 23851 has 330 business establishments employing approximately 4,321 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 23851?
The top industries by establishment count in ZIP 23851 are: Health care and social assistance (61), Retail trade (56), Other services (except public administration) (46). There are 15 industry sectors represented in total.
How have home values changed in ZIP code 23851?
According to the FHFA House Price Index, home values in ZIP 23851 increased by 5.7% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 113%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 23851?
In ZIP code 23851, 60.1% of residents aged 25+ have a high school diploma or higher, and 25.3% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 23851?
The mean commute time for workers in ZIP code 23851 is 27.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 23851?
In ZIP code 23851, approximately 61.3% of occupied housing units are owner-occupied and 38.7% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 23851?
The poverty rate in ZIP code 23851 is 14.9% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 23851's numbers, next.
- See how ZIP 23851 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Franklin, VA ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.