Franktown
Franktown, Colorado is a picturesque unincorporated community located in Douglas County, approximately 40 miles south of Denver. Established in 1859 during the Pike’s Peak Gold Rush, Franktown offers a blend of rich history, natural beauty, and a tranquil rural lifestyle.
Demographics
As of the 2020 United States Census, Franktown has a population of approximately 409 residents. The community exhibits a median age of 44.7 years, with a gender distribution of about 48.72% male and 51.28% female. The racial composition is predominantly White at 89.5%, followed by Hispanic (4.2%), Native American (1.5%), Asian (1.1%), and Black (0.5%) populations.
Economy and Employment
The local economy of Franktown employs around 156 individuals, with the primary industries being Professional, Scientific, and Technical Services (employing 38 people), Information (33 people), and Educational Services (32 people). Notably, the highest-paying sectors include Professional, Scientific, and Management Services, with average earnings of $149,853.
The median household income in Franktown stands at $84,107, which is significantly higher than the national median of $55,322. However, the per capita income is $22,866, which is below the national average of $29,829. The community faces an unemployment rate of 9.5%, surpassing the national average of 4.7%
Cost of Living
Living in Franktown comes with certain financial considerations. The cost of living is approximately 2% higher than the national average, though it remains 8% lower than the Colorado state average. Housing costs are notably elevated, with the median home value at $965,500, significantly surpassing the U.S. median of $338,100. Rental options are limited, as 100% of homes are owner-occupied, and there is a 0% rental rate.Additional expenses, such as groceries, are slightly above average, with a Grocery Cost Index of 106 compared to the national baseline of 100.
Housing and Real Estate
The housing market in Franktown is characterized by its affluence and exclusivity. The median home value is $965,500, reflecting a 9.31% appreciation over the past year, indicating a robust real estate market. The area predominantly consists of owner-occupied properties, with no significant rental market presence.
Community and Lifestyle
Franktown offers a serene rural atmosphere, attracting those seeking a peaceful lifestyle away from urban hustle. Despite its tranquility, the community provides convenient access to major highways, facilitating easy commutes to nearby cities like Denver and Colorado Springs. Local amenities include establishments such as Cedarstone Restaurant & Bar and Rocky Mountain Embroidery & Screen Printing, catering to both residents and visitors.
Recreation and Attractions
Nature enthusiasts will appreciate the proximity to Castlewood Canyon State Park, which offers hiking trails, wildlife observation, and a glimpse into the area’s geological history. The park preserves the remnants of the historic Castlewood Canyon Dam, which dramatically collapsed in 1933, providing a unique historical context for visitors.
Conclusion
With its combination of historical significance, economic opportunities, and natural beauty, Franktown, Colorado presents a unique and inviting environment. Whether you’re considering relocation or planning a visit, Franktown offers a distinctive blend of rural charm and modern amenities.
