47 / 100

Franklin County, OH

Columbus

RANK #525 / 996 NAT  ·  #43 / 49 OH  ·  POP 1,318,149

1YR FORECAST: +0.7%

5YR OUTLOOK: +23%

Franklin County's housing market is projected to grow +0.7% 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.

[02] Market Snapshot

Housing Ratio
2.9x

Undervalued relative to economy

GDP Growth
+2.2%

Below national median

Home Prices
+0.1%

Well below national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing looks undervalued at 2.9x — home prices are low 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

The Numbers

DEMOGRAPHICS
Population
1,318,149
+0.35% YoY
Median Household Income
$71,070
Median Home Value
$243,100
+0.1% 12mo
Median Rent
$1,169
Average Annual Pay
$73,180
+4.3% YoY
Employment
779,560
+0.9% YoY
Income-to-Home-Value
0.2923
More affordable than average
Migration Inflow
2.78%
of pop. from another state
Bachelor's Degree+
41.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$310,000
Days on Market
59
Moderate pace
Months of Supply
2.8
Seller's market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
24.1%
Listings w/ Price Drops
20.1%
Building Permits (2024)
8,122
Single-Family Permits
2,013

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

GDP Growth +2.2% 41 percentile
Population Growth +0.3% 45 percentile
Income Growth +7.7% 30 percentile
Vacancy Rate 1.2% 42 percentile
Home Price Change +0.1% 32 percentile
Rent Growth +1.3% 24 percentile
Price/Rent 14x 46 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

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

Franklin County scores 47/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#525). Median household income is $71,070 and job growth is running at +0.9%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Franklin County affordable?

Housing in Franklin County is roughly in line with national affordability norms. The median home costs $243,100 and the income-to-home-value ratio sits at 0.29, with rents averaging $1,169/month. Not a bargain, but not a stretch for most local earners either.

Is Franklin County growing or shrinking?

Population and employment in Franklin County are both close to flat — population +0.3% YoY and jobs +0.9%. Home values shifted +0.1% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Franklin County?

There's a moderate stream of newcomers. About 2.78% 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

Clermont County, OH 46 Lawrence County, OH 44 Muskingum County, OH 52 Belmont County, OH 53 Fairfield County, OH 38 Athens County, OH 36 Wayne County, MI 47 Erie County, NY 46