Franklin County, Florida: commercial real estate data.
Franklin County, Florida had an estimated 12,979 residents on July 1, 2024, up 4.2 percent since the 2020 census base of 12,454, across 535 square miles. County output reached $505.9 m in 2024, 324 establishments operate here, and the SBA record carries 8 7(a) approvals worth $8.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Franklin County
How many people live in Franklin County
- Population, American Community Survey 2020-202412,553
- Households4,949
- Average household size2.54
- Median household income$64,105
- Median age50.1
- Median gross rent$1,049 per month
- Median owner-occupied home value$273,300
- Home value to household income4.3 times
- Annual rent as a share of median income19.6 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree12.6 percent
- Adults 25 and over9,889
- Population under 181,938
- Share under 1815.4 percent
- Population 65 and over3,326
- Share 65 and over26.5 percent
- Working age population, 18 to 647,289
- Civilian labor force5,111
- Unemployment rate8.5 percent
- Labor force participation, adults 18 and over48.1 percent
- Rank by population among Florida counties65th of 67
- Rank by population among US county-equivalents, Puerto Rico included2317th of 3,222
Franklin County is the 65th largest of 67 Florida counties by population. A median home costs 4.3 times median household income, which is seriously unaffordable by national standards. Residents 65 and over outnumber those under 18, at 26.5 percent against 15.4 percent, which points demand at health care, services and single story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Franklin County
Is Franklin County's population growing?
- Population, July 1, 202412,979
- Census 2020 base population12,454
- Population change since the 2020 census base4.22 percent
- Population change, 2023 to 2024351
- Births, 202487
- Deaths, 2024155
- Natural change, 2024-68
- Net domestic migration, 2024392
- Net international migration, 202427
- Total net migration, 2024419
- Cumulative net domestic migration, 2021 to 2024755
- Rank by growth among US county-equivalents648th of 3,144
The county has grown 4.22 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Franklin County
Where are people moving to Franklin County from?
- Tax returns filed by households arriving436
- People arriving, from those returns742
- Tax returns filed by households leaving309
- Net household movement127
- Adjusted gross income arriving$62.2 m
- Net adjusted gross income movement$32.7 m
- Average income of an arriving household$142,743
- Average income of a leaving household$95,605
- Largest single originLeon County (53 households)
- Largest single destinationLeon County (40 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Leon County | 53 | 73 | $2.9 m |
| Wakulla County | 20 | 33 | $2.7 m |
Households arriving report $47,138 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Leon County, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Franklin County
What is the Franklin County economy?
- County GDP, 2024$505.9 m
- County GDP, 2023$480.7 m
- GDP change, 2023 to 20245.2 percent
- GDP change over five years30.5 percent
- Rank by GDP among the Florida areas BEA publishes62nd of 67
- Rank by GDP among the US county areas BEA publishes2402nd of 3,127
- GDP per resident$40,300
Output grew 5.2 percent in the latest year and 30.5 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Franklin County
Employment by industry in Franklin County
- Covered employment, annual average3,545
- Establishments reporting426
- Average annual pay$43,873
- Average weekly wage$844
- Accommodation and food services, employment785
- Accommodation and food services, average annual pay$35,119
- Retail trade, employment512
- Retail trade, average annual pay$30,118
- Construction, employment298
- Construction, average annual pay$42,740
- Real estate and rental and leasing, employment145
- Real estate and rental and leasing, average annual pay$48,807
- Other services, except public administration, employment117
- Wholesale trade, employment92
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Accommodation and food services | 785 | 58 | $35,119 |
| Retail trade | 512 | 76 | $30,118 |
| Construction | 298 | 50 | $42,740 |
| Real estate and rental and leasing | 145 | 36 | $48,807 |
| Other services, except public administration | 117 | 21 | $48,949 |
| Wholesale trade | 92 | 15 | $49,222 |
| Arts, entertainment and recreation | 80 | 12 | $27,737 |
| Professional, scientific and technical services | 72 | 34 | $76,647 |
Accommodation and food services is the largest private sector at 785 jobs, 22.1 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Franklin County
How many businesses are in Franklin County?
- Establishments, all industries324
- Employment at those establishments2,315
- Annual payroll$88.0 m
- Establishments per 1,000 residents25.8
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Franklin County
Building permits in Franklin County
- Housing units authorized by permit, 2024113
- Declared construction value permitted$24.8 m
- Single family units authorized113
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$219,045
- Units authorized per 1,000 households22.8
Single-family homes are 100.0 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
SBA loans in Franklin County (7(a) and 504)
- 7(a) approvals recorded8
- 7(a) gross approval dollars$8.3 m
- Average 7(a) approval$1,039,950
- Median 7(a) approval$1,057,000
- Largest single approval$2,392,000
- Jobs reported supported, 7(a)97
- Jobs per approval12.1
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals6
- Median 7(a) term279 months
- Share of loans on real estate terms, 240 months or longer62.5 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countFull-Service Restaurants (3)
- Most active lenderCentennial Bank (3)
- 504 approvals recorded5
- 504 gross approval dollars$3.2 m
- Average 504 approval$649,600
- Median 504 approval$432,000
- Distinct CDCs active1
- 504 jobs per approval10.4
- 504 jobs per million dollars approved16.0
- Most active CDCFlorida First Capital Finance Corporation, Inc. (5)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$11.6 m
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Franklin County
SBA loan default and charge-off rates in Franklin County
Do SBA loans in Franklin County get paid back?
- Loans with a final outcome recorded6
- Paid in full6
- Charged off0
- Status: Paid in full6
- Status: Exempt from disclosure2
Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
SBA lending by place in Franklin County
- Borrower cities with recorded lending3
- St. George Island, approvals4
- Apalachicola, approvals3
- Carrabelle, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| St. George Island | 4 | $4,881,000 |
| Apalachicola | 3 | $3,305,100 |
| Carrabelle | 1 | $133,500 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
How large is Franklin County?
- Land area535 sq mi
- Rank by land area among Florida counties56th of 67
- Width, east to west53.4 mi
- Height, north to south29.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land23
- Establishments per square mile0.61
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Franklin County
Flood risk in Franklin County
- Participation of the county's own NFIP community Franklin County, unincorporated areasParticipating, community 120088
- Community Rating System class of the county's own communityClass 7
- Communities in the county in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- NFIP participation rate100.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 7
- Communities carrying a CRS class2
- Radon levels in Franklin County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Franklin County (community 120088), participates in the National Flood Insurance Program and carries Community Rating System class 7, a flood insurance premium discount for policies written there. The EPA places Franklin County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. The best Community Rating System class among the county's communities is 7, which carries a flood insurance premium discount for policies written in that community. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Feasibility studies
When a Franklin County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Franklin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population, American Community Survey 2020-202412,553
- Households4,949
- Average household size2.54
- Median household income$64,105
- Median age50.1
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Florida?
The Census Bureau estimates 12,979 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 12,553, in 4,949 households, ranking 65th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County's population growing?
The population has grown 4.22 percent since the 2020 census base of 12,454, to 12,979 on July 1, 2024. In 2024 there were 87 births against 155 deaths, with net migration of 419. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$64,105. The median owner-occupied home is valued at $273,300, which is 4.3 times income, and median gross rent is $1,049 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Franklin County?
324 establishments, employing 2,315 people with an annual payroll of $88.0 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is employment by industry in Franklin County?
Accommodation and food services is the largest private sector at 785 jobs, 22.1 percent of covered employment. Covered employment averages 3,545 jobs at an average annual pay of $43,873, or $844 a week. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Franklin County?
8 7(a) approvals totaling $8.3 m since FY2020, across 5 lenders, with a median approval of $1,057,000, plus 5 504 approvals worth $3.2 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Franklin County?
113 housing units were authorized by permit in 2024, with a declared construction value of $24.8 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Franklin County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Franklin County come from?
The largest single origin is Leon County, with 53 households. Arriving households report an average income of $142,743 against $95,605 for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Franklin County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Franklin County?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Franklin County
Cities and places in Franklin.
4 Census places lie wholly or partly in Franklin County. All 4 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Eastpoint | CDP | 3,163 | None recorded | Wholly in this county |
| Carrabelle | city | 2,438 | 1 | Wholly in this county |
| Apalachicola | city | 2,431 | 3 | Wholly in this county |
| St. George Island | CDP | 1,133 | 4 | Wholly in this county |
Nearby