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Franklin County, OH

RANK #487 / 996  ·  POP 1,318,149  ·  OH

PROJECTED GROWTH: +0.8%

Franklin County sits in the middle of the pack — stable but not accelerating.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Franklin County has a Boom Town Index score of 51/100, ranking #487 among 996 U.S. counties. With job growth at +0.9% and a median household income of $71,070, it's an above-average county on economic indicators.

Is Franklin County affordable?

The median home value in Franklin County is $243,100 with median rent at $1,169/month. The income-to-home-value ratio is 0.2923, which is more affordable than the national average.

Is Franklin County growing or shrinking?

Population growth: +0.3% year-over-year. Job growth: +0.9%. Home values changed +0.1% in the past 12 months.

Are people moving to Franklin County?

Yes — 2.78% of Franklin County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Bedford County, TN 61 Douglas County, NE 61 Lawrence County, PA 61 Carroll County, NH 61 Barnstable County, MA 61 Cumberland County, TN 61 Washington County, VA 61 Crow Wing County, MN 61