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Franklin County, OH

RANK #613 / 1001 NAT  ·  #42 / 49 OH  ·  POP 1,333,048

1YR FORECAST: -0.2%

5YR OUTLOOK: +27%

Franklin County's housing market is projected to grow -0.2% over the next year, below the national average.

[01] Why Franklin County?

Franklin County, Ohio, is home to Columbus, the state capital and its most populous city, giving the county a distinctive urban core alongside suburban communities like Dublin and Worthington. Situated in central Ohio, Franklin County serves as a transportation crossroads, with major routes facilitating commutes. The community offers a blend of historic neighborhoods and newer developments. Outdoor recreation is accessible through 22 Metro Parks, featuring over 270 miles of trails and diverse natural areas like Battelle Darby Creek Metro Park, known for its bison, and Blendon Woods Metro Park, popular for bird watching.

Life in Franklin County caters to a diverse population, including families drawn to areas with strong school districts such as Dublin City Schools and Upper Arlington Schools. Commute times average around 21.5 minutes, with many residents driving alone, though public transit options like the Central Ohio Transit Authority (COTA) are available and expanding. The economy is driven by sectors like healthcare, education, and professional services, with significant investment in technology infrastructure, including broadband and data centers. The county is also a hub for higher education, anchored by The Ohio State University.

MARKET PROFILE

Educated Suburban Growth

Franklin County is one of 110 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +0.2% runs below the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
6.4x

Below national median (11.3x)

Home Prices
+0.2%

Well below national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
16x

Above national median (15x)

Housing is fairly valued at 6.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    The Ohio State University Education
    25,000+
  2. 2
    OhioHealth Healthcare
  3. 3
    State of Ohio Government
    10,000+
  4. 4
    JPMorgan Chase & Co. Finance
  5. 5
    Nationwide Children's Hospital Healthcare
  6. 6
    Nationwide Finance
  7. 7
    Cardinal Health Healthcare
    5,000+
  8. 8
    Franklin County Government
  9. 9
    Huntington National Bank Finance
  10. 10
    American Electric Power (AEP) Energy
    2,500+

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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
1,333,048
+0.86% YoY
Median Household Income
$75,176
Median Home Value
$288,400
+0.19% 12mo
Median Rent
$1,302
Average Annual Pay
$75,898
+3.7% YoY
Employment
791,779
+1.6% YoY
Income-to-Home-Value
0.2607
More affordable than average
Migration Inflow
2.62%
of pop. from another state
Bachelor's Degree+
42.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$347,375
Days on Market
38
Active market
Months of Supply
2.3
Seller's market
Sale-to-List Ratio
100.1%
Homes selling above asking
Sold Above List
38.5%
Listings w/ Price Drops
24.5%
Building Permits (2025)
10,494
Single-Family Permits
1,829

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

[05] Crime & Safety

D
SAFETY
GRADE
Homicide Rate
11.6
per 100K · nat avg 6.3
Firearm Fatalities
16.3
per 100K · nat avg 14.8
Injury Deaths
108.3
per 100K · nat avg 76.3
vs National Average
Well above 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] Air Quality

C+
AIR QUALITY
GRADE
Median AQI (3yr)
51.3
Moderate
Good Air Days
47%
512 of 1,095 days
Unhealthy+ Days (3yr)
13
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
52
2022
48
2023
54
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$2,800M
TOTAL
PROJECT AMOUNT STATUS
Meta New Albany Data Center (Prometheus Supercluster)
Meta
$1,500M Under Construction
Google Lockbourne Data Center Campus
Google
$600M Operating
Microsoft New Albany Data Center
Microsoft
$420M Under Construction
Pleasant Prairie Solar Energy Center
Invenergy
$230M Under Construction
Hayden Place Master-Planned Development
Undisclosed Developer
$50M Proposed

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

[08] Score Breakdown

Population Growth +0.9% 61 percentile
Income Growth +1.9% 28 percentile
Vacancy Rate 1.1% 39 percentile
Home Price Change +0.2% 28 percentile
Rent Growth +1.6% 29 percentile
Price/Rent 16x 42 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

At 38/100, Franklin County faces headwinds that place it in the lower third of the 1001 counties we track. Median income of $75,176 combined with job growth of +1.6% suggests the local economy is struggling to keep pace with national trends.

Is Franklin County affordable?

Housing in Franklin County is roughly in line with national affordability norms. The median home costs $288,400 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,302/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 +0.9% year-over-year while employers added jobs at a +1.6% clip. Home values shifted +0.2% in the past year.

Are people moving to Franklin County?

There's a moderate stream of newcomers. About 2.62% 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.

[10] Similar Counties by Size & Score

Butler County, OH 42 Belmont County, OH 34 Montgomery County, OH 43 Lawrence County, OH 44 Lucas County, OH 47 Fairfield County, OH 28 Duval County, FL 39 Will County, IL 37