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Franklin County, MO

Union

RANK #16 / 996 NAT  ·  #3 / 22 MO  ·  POP 104,858

1YR FORECAST: +3.3%

5YR OUTLOOK: +44%

#7 Best for Families
Our model projects Franklin County's housing market to grow +3.3% over the next year, significantly outpacing the national average.

[01] Why Franklin County?

Washington, Missouri, known as the "Corncob Pipe Capital of the World," offers a glimpse into Franklin County's distinctive character. Located along the Missouri River, approximately an hour west of St. Louis, the county blends rural landscapes with suburban amenities. Commuting to St. Louis is feasible, with options including Amtrak service from Washington. The community feel varies from the historic charm of towns like Washington and New Haven to more rural areas. Outdoor recreation is a significant draw, with Meramec State Park and Shaw Nature Reserve providing extensive trails for hiking, fishing, and camping amidst forests and river bluffs.

Life in Franklin County often appeals to families and those seeking a balance between country living and access to urban centers. The public school system is generally rated above average. The local economy, historically rooted in manufacturing and agriculture, is experiencing shifts. While manufacturing remains a significant employer, the healthcare sector is expanding. Additionally, the county is seeing investment in technology infrastructure, including data centers, contributing to economic development.

[02] Market Snapshot

Housing Ratio
4.2x

Below national median (4.7x)

GDP Growth
+0.3%

Well below national median

Home Prices
+2.6%

Outpacing national median

Climate & Terrain
0.4

Moderate climate & terrain

Price/Rent
15x

Above national median (13x)

Housing is fairly valued at 4.2x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Mercy Hospital Washington Healthcare
    1,000+
  2. 2
    PLZ Aeroscience Corporation Manufacturing
    500+
  3. 3
    East Central College Education
    250+
  4. 4
    Parker Hannifin Corporation Manufacturing
  5. 5
    WEG Transformers Manufacturing
  6. 6
    Tops Products LLC Manufacturing
  7. 7
    Rawlings Sporting Goods Manufacturing
  8. 8
    Meramec Valley R-III School District Education
    100+
  9. 9
    Magnet LLC Manufacturing
  10. 10
    Cardinal Brands Hazel Division Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Franklin County U.S. National

The Numbers

DEMOGRAPHICS
Population
104,858
+0.51% YoY
Median Household Income
$70,111
Median Home Value
$201,700
+2.57% 12mo
Median Rent
$831
Average Annual Pay
$51,695
+2.8% YoY
Employment
39,312
+1.2% YoY
Income-to-Home-Value
0.3476
More affordable than average
Migration Inflow
3.09%
of pop. from another state
Bachelor's Degree+
21.4%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$265,000
Days on Market
56
Moderate pace
Months of Supply
4.3
Balanced market
Sale-to-List Ratio
98.3%
Near asking price
Sold Above List
31.2%
Listings w/ Price Drops
12.6%
Building Permits (2024)
661
Single-Family Permits
501

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.5
per 100K · nat avg 6.3
Firearm Fatalities
17.2
per 100K · nat avg 14.8
Injury Deaths
137.8
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$1,900M
TOTAL
PROJECT AMOUNT STATUS
Provident Data Center Campus (Diamond Farms)
Provident Data Centers
$1,000M Proposed
Beltline Data Center Development (Crooked Creek Farm)
Beltline
$750M Proposed
Highway 47 Widening Project
Missouri Department of Transportation (MoDOT)
$50M Planned
Union Rail Transfer Station
Missouri Eastern Railroad (Jaguar Transport Holdings)
$50M Under Construction
WEG Transformers USA Expansion & Ameren Substation Project
WEG Transformers USA / Ameren Missouri
$50M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +0.3% 10 percentile
Population Growth +0.5% 53 percentile
Income Growth +7.4% 25 percentile
Vacancy Rate 1.1% 50 percentile
Home Price Change +2.6% 66 percentile
Rent Growth +6.4% 88 percentile
Price/Rent 15x 36 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Franklin County, MO a good place to move to?

Franklin County ranks #16 out of 996 U.S. counties on the Boom Town Index with a score of 98/100, putting it in the top tier nationally. Job growth of +1.2% and a median household income of $70,111 point to a county with active economic momentum.

Is Franklin County affordable?

Housing in Franklin County is roughly in line with national affordability norms. The median home costs $201,700 and the income-to-home-value ratio sits at 0.35, with rents averaging $831/month. Not a bargain, but not a stretch for most local earners either.

Is Franklin County growing or shrinking?

Franklin County is growing on multiple fronts. Population is up +0.5% year-over-year while employers added jobs at a +1.2% clip. Home values shifted +2.6% in the past year.

Are people moving to Franklin County?

There's a moderate stream of newcomers. About 3.09% of residents moved from another state, which is above average and suggests Franklin County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[09] Similar Counties by Size & Score

Buchanan County, MO 99 Newton County, MO 100 Johnson County, MO 94 Pulaski County, MO 93 Jasper County, MO 91 Cole County, MO 90 Blair County, PA 98 Wilson County, NC 98