84 / 100

Franklin County, WA

RANK #157 / 1001 NAT  ·  #1 / 21 WA  ·  POP 98,902

1YR FORECAST: -0.7%

5YR OUTLOOK: +34%

Our model projects Franklin County's housing market to grow -0.7% over the next year, significantly outpacing the national average.

[01] Why Franklin County?

Franklin County, Washington, stands out as the fastest-growing county in the Pacific Northwest, notably becoming the first in the region with a Hispanic-majority population. Located in south-central Washington, at the confluence of the Columbia and Snake Rivers, the county seat of Pasco is part of the Tri-Cities metropolitan area, which also includes Richland and Kennewick across the Columbia River. This area offers a mix of urban amenities and access to outdoor recreation, including riverside trails along the Columbia River and the striking Palouse Falls State Park, home to Washington's official waterfall. Commute options within the Tri-Cities are supported by Ben Franklin Transit, offering fixed-route bus services and other transportation solutions.

Life in Franklin County is characterized by a relatively affordable cost of living compared to the state average, though median home values are higher than the national average. The economy, traditionally rooted in agriculture, has diversified to include food processing and manufacturing, with major food processing companies located in Pasco. The county's population growth continues to drive demand for services, including in education and healthcare. Franklin County's public school system serves a large student body across several districts, including Pasco School District and North Franklin School District.

MARKET PROFILE

Idiosyncratic Markets

Franklin County's data profile doesn't fit any single market profile cleanly — its housing, labor, and demographic signals pull in different directions (home prices -0.3% YoY, population +1.3%, wages +3.3%). About 414 U.S. counties show this kind of mixed-signal pattern.

See all 414 Idiosyncratic Markets counties →

[02] Market Snapshot

Housing Ratio
16.7x

Overvalued relative to economy

Home Prices
-0.3%

Prices declining

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
18x

Above national median (15x)

Housing looks overvalued at 16.7x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Government Government
    5,000+
  2. 2
    Agriculture, Forestry, Fishing & Hunting Agriculture
  3. 3
    Health Care & Social Assistance Healthcare
  4. 4
    Retail Trade Retail
  5. 5
    Manufacturing Manufacturing
    2,500+
  6. 6
    Education Education
  7. 7
    Wholesalers Other
    1,000+

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
98,902
+1.26% YoY
Median Household Income
$86,714
Median Home Value
$379,300
-0.28% 12mo
Median Rent
$1,198
Average Annual Pay
$59,135
+3.3% YoY
Employment
38,044
+1.3% YoY
Income-to-Home-Value
0.2286
Near national average
Migration Inflow
4.8%
of pop. from another state
Bachelor's Degree+
21.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$437,450
Days on Market
47
Moderate pace
Months of Supply
3.0
Balanced market
Sale-to-List Ratio
99.7%
Near asking price
Sold Above List
17.4%
Listings w/ Price Drops
33.9%
Building Permits (2025)
768
Single-Family Permits
369

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

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.9
per 100K · nat avg 6.3
Firearm Fatalities
7.9
per 100K · nat avg 14.8
Injury Deaths
52.5
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] Air Quality

A
AIR QUALITY
GRADE
Median AQI (3yr)
23.3
Good
Good Air Days
88%
836 of 955 days
Unhealthy+ Days (3yr)
8
Includes 3 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
21
2022
23
2023
26
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

$1,107M
TOTAL
PROJECT AMOUNT STATUS
Gateway Digital Campus & Beltline Energy Data Centers
Undisclosed Developers (supported by L.B. Eckelkamp, Jr. of Bank of Washington)
$1,000M Proposed
Amazon National Inbound Cross Dock
Amazon
$107M Operating

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

[08] Score Breakdown

Population Growth +1.3% 73 percentile
Income Growth +4.8% 88 percentile
Vacancy Rate 0.9% 61 percentile
Home Price Change -0.3% 24 percentile
Rent Growth +3.4% 58 percentile
Price/Rent 18x 30 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

Franklin County ranks #157 out of 1001 U.S. counties on the Boom Town Index with a score of 84/100, putting it in the top tier nationally. Job growth of +1.3% and a median household income of $86,714 point to a county with active economic momentum.

Is Franklin County affordable?

Franklin County leans toward the expensive side. A median home value of $379,300 against an income-to-home-value ratio of 0.23 means housing eats a bigger share of local earnings than the national norm. Renters face $1,198/month on average.

Is Franklin County growing or shrinking?

Franklin County is growing on multiple fronts. Population is up +1.3% year-over-year while employers added jobs at a +1.3% clip. Home values shifted -0.3% in the past year.

Are people moving to Franklin County?

There's a moderate stream of newcomers. About 4.8% 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

Lewis County, WA 77 Yakima County, WA 64 Benton County, WA 62 Grays Harbor County, WA 54 Mason County, WA 42 Cowlitz County, WA 39 Lapeer County, MI 84 Chautauqua County, NY 84