Franklin is a town in Izard County, Arkansas, United States. The population was 198 at the 2010 census.
Franklin is located in northeastern Izard County at 36°10′31″N 91°45′59″W (36.175324, -91.766494).
According to the United States Census Bureau, the town has a total area of 2.0 square miles (5.2 km2), all land.
At the 2000 census there were 184 people, 80 households, and 52 families in the town. The population density was 35.0/km2 (90.7/mi²). There were 89 housing units at an average density of 16.9/km2 (43.9/mi²). The racial makeup of the town was 97.83% White, 1.09% Native American, 1.09% from other races. 2.72% of the population were Hispanic or Latino of any race. Of the 80 households 23.8% had children under the age of 18 living with them, 50.0% were married couples living together, 7.5% had a female householder with no husband present, and 35.0% were non-families. 31.3% of households were one person and 25.0% were one person aged 65 or older. The average household size was 2.30 and the average family size was 2.81.
The age distribution was 21.7% under the age of 18, 11.4% from 18 to 24, 27.2% from 25 to 44, 21.7% from 45 to 64, and 17.9% 65 or older.