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Franklin County, WA

RANK #652 / 996  ·  POP 96,692  ·  WA

PROJECTED GROWTH: +0.2%

Franklin County shows below-average economic momentum. Growth signals are flat or softening.

[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.

[02] Market Snapshot

Housing Ratio
6.8x

Above national median (4.7x)

GDP Growth
+5.0%

Well above national median

Home Prices
-0.6%

Prices declining

Climate & Terrain
-0.4

Below-average climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 6.8x 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
96,692
+1.45% YoY
Median Household Income
$77,877
Median Home Value
$308,700
-0.58% 12mo
Median Rent
$1,124
Average Annual Pay
$57,266
+4.0% YoY
Employment
37,554
+1.9% YoY
Income-to-Home-Value
0.2523
More affordable than average
Migration Inflow
5.25%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$428,995
Days on Market
90
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
17.9%
Listings w/ Price Drops
21.3%
Building Permits (2024)
974
Single-Family Permits
446

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

[05] 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.

[06] Score Breakdown

GDP Growth +5.0% 83 percentile
Population Growth +1.4% 82 percentile
Income Growth +7.5% 26 percentile
Vacancy Rate 0.7% 82 percentile
Home Price Change -0.6% 24 percentile
Rent Growth +1.9% 32 percentile
Price/Rent 14x 44 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

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

Franklin County has a Boom Town Index score of 35/100, ranking #652 among 996 U.S. counties. With job growth at +1.9% and a median household income of $77,877, it faces some economic headwinds compared to faster-growing counties.

Is Franklin County affordable?

The median home value in Franklin County is $308,700 with median rent at $1,124/month. The income-to-home-value ratio is 0.2523, which is more affordable than the national average.

Is Franklin County growing or shrinking?

Population growth: +1.4% year-over-year. Job growth: +1.9%. Home values changed -0.6% in the past 12 months.

Are people moving to Franklin County?

Yes — 5.25% of Franklin County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Richland County, SC 45 Norfolk County, MA 45 Hall County, NE 45 Columbia County, PA 45 Yakima County, WA 45 Mercer County, WV 45 Bonneville County, ID 45 Madison County, KY 45