Franklin County, Georgia: commercial real estate data.
Franklin County, Georgia had an estimated 25,208 residents on July 1, 2024, up 7.6 percent since the 2020 census base of 23,429, across 261 square miles. County output reached $1.50 bn in 2024, 515 establishments operate here, and the SBA record carries 31 7(a) approvals worth $33.3 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 2020-202424,234
- Households8,994
- Average household size2.69
- Median household income$53,046
- Median age40.1
- Median gross rent$844 per month
- Median owner-occupied home value$179,000
- Home value to household income3.4 times
- Annual rent as a share of median income19.1 percent
- Adults 25 and over with a bachelor degree or higher17.8 percent
- Adults 25 and over with a graduate degree7.7 percent
- Adults 25 and over16,519
- Population under 185,381
- Share under 1822.2 percent
- Population 65 and over4,634
- Share 65 and over19.1 percent
- Working age population, 18 to 6414,219
- Civilian labor force10,444
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over55.4 percent
- Rank by population among Georgia counties79th of 159
- Rank by population among US county-equivalents, Puerto Rico included1691st of 3,222
Franklin County is the 79th largest of 159 Georgia counties by population. A median home costs 3.4 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 22.2 percent against 19.1 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Franklin County
Is Franklin County's population growing?
- Population, July 1, 202425,208
- Census 2020 base population23,429
- Population change since the 2020 census base7.59 percent
- Population change, 2023 to 2024393
- Births, 2024284
- Deaths, 2024330
- Natural change, 2024-46
- Net domestic migration, 2024347
- Net international migration, 202495
- Total net migration, 2024442
- Cumulative net domestic migration, 2021 to 20241,779
- Rank by growth among US county-equivalents266th of 3,144
The county has grown 7.59 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 arriving847
- People arriving, from those returns1,791
- Tax returns filed by households leaving699
- Net household movement148
- Adjusted gross income arriving$43.5 m
- Net adjusted gross income movement$12.6 m
- Average income of an arriving household$51,312
- Average income of a leaving household$44,222
- Largest single originHart County (119 households)
- Largest single destinationHart County (144 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Hart County | 119 | 287 | $5.9 m |
| Stephens County | 81 | 202 | $3.9 m |
| Gwinnett County | 60 | 121 | $4.3 m |
| Jackson County | 50 | 105 | $2.7 m |
| Barrow County | 38 | 87 | $2.1 m |
| Hall County | 37 | 77 | $1.7 m |
| Madison County | 37 | 79 | $1.4 m |
| Clarke County | 34 | 70 | $1.3 m |
Households arriving report $7,090 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 Hart 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$1.50 bn
- County GDP, 2023$1.32 bn
- GDP change, 2023 to 202413.9 percent
- GDP change over five years69.3 percent
- Rank by GDP among the Georgia areas BEA publishes64th of 159
- Rank by GDP among the US county areas BEA publishes1515th of 3,127
- GDP per resident$61,997
Output grew 13.9 percent in the latest year and 69.3 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 average8,125
- Establishments reporting610
- Average annual pay$46,716
- Average weekly wage$898
- Manufacturing, employment1,202
- Manufacturing, average annual pay$59,467
- Accommodation and food services, employment1,159
- Accommodation and food services, average annual pay$19,435
- Transportation and warehousing, employment1,091
- Transportation and warehousing, average annual pay$51,400
- Retail trade, employment891
- Retail trade, average annual pay$36,885
- Construction, employment288
- Other services, except public administration, employment210
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 1,202 | 36 | $59,467 |
| Accommodation and food services | 1,159 | 62 | $19,435 |
| Transportation and warehousing | 1,091 | 18 | $51,400 |
| Retail trade | 891 | 108 | $36,885 |
| Construction | 288 | 58 | $56,546 |
| Other services, except public administration | 210 | 32 | $47,795 |
| Agriculture, forestry, fishing and hunting | 191 | 12 | $57,806 |
| Administrative and support and waste management services | 149 | 36 | $39,465 |
Manufacturing is the largest private sector at 1,202 jobs, 14.8 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 industries515
- Employment at those establishments7,184
- Annual payroll$330.2 m
- Establishments per 1,000 residents21.3
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, 2024215
- Declared construction value permitted$54.6 m
- Single family units authorized215
- Multifamily units authorized0
- Multifamily share of units0.0 percent
- Average declared value per unit$253,914
- Units authorized per 1,000 households23.9
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 recorded31
- 7(a) gross approval dollars$33.3 m
- Average 7(a) approval$1,073,590
- Median 7(a) approval$857,600
- 10th percentile approval$100,000
- 90th percentile approval$2,271,200
- Largest single approval$3,060,000
- Jobs reported supported, 7(a)146
- Jobs per approval4.7
- Distinct 7(a) lenders active17
- Distinct industries receiving approvals15
- Median 7(a) term240 months
- Share of loans on real estate terms, 240 months or longer58.1 percent
- Loans on real estate terms18
- Loans on working capital terms, 120 months or shorter12
- Franchise loans9
- Franchise share of approvals29.0 percent
- Leading industry by approval countChicken Egg Production (8)
- Most active lenderMetro City Bank (8)
- 504 approvals recorded9
- 504 gross approval dollars$6.8 m
- Average 504 approval$760,000
- Median 504 approval$564,000
- Distinct CDCs active4
- 504 jobs per approval11.1
- 504 jobs per million dollars approved14.6
- Most active CDCSmall Business Access Partners, Inc. (5)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$40.1 m
The average approval of $1,073,590 sits well above the median of $857,600, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. 58.1 percent of approvals run on real estate terms of 240 months or more, so this is a market where SBA credit is buying buildings, not just funding operations.
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 recorded10
- Paid in full10
- Charged off0
- Status: Exempt from disclosure16
- Status: Paid in full10
- Status: Cancelled5
Only 10 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 lending6
- Royston, approvals11
- Carnesville, approvals8
- Lavonia, approvals8
- Martin, approvals2
- Canon, approvals1
- Marietta, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Royston | 11 | $10,043,700 |
| Carnesville | 8 | $11,537,000 |
| Lavonia | 8 | $6,819,000 |
| Martin | 2 | $2,107,600 |
| Canon | 1 | $2,130,000 |
| Marietta | 1 | $644,000 |
Royston accounts for 11 approvals against 8 in Carnesville. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
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 area261 sq mi
- Rank by land area among Georgia counties113th of 159
- Width, east to west19.8 mi
- Height, north to south21.4 mi
- Geographies sharing a boundary5
- Residents per square mile of land93
- Establishments per square mile1.97
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 130659
- Communities in the county in the NFIP Community Status Book6
- Of those, participating in the NFIP6
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Franklin County, EPA zone predicted average indoor radon screening level from 2 to 4 pCi/LZone 2
The county's own community in the status book, unincorporated Franklin County (community 130659), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Franklin County in radon zone 2, a predicted average indoor radon screening level from 2 to 4 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 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 2020-202424,234
- Households8,994
- Average household size2.69
- Median household income$53,046
- Median age40.1
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Georgia?
The Census Bureau estimates 25,208 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 24,234, in 8,994 households, ranking 79th of 159 Georgia 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 7.59 percent since the 2020 census base of 23,429, to 25,208 on July 1, 2024. In 2024 there were 284 births against 330 deaths, with net migration of 442. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$53,046. The median owner-occupied home is valued at $179,000, which is 3.4 times income, and median gross rent is $844 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Franklin County?
515 establishments, employing 7,184 people with an annual payroll of $330.2 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?
Manufacturing is the largest private sector at 1,202 jobs, 14.8 percent of covered employment. Covered employment averages 8,125 jobs at an average annual pay of $46,716, or $898 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?
31 7(a) approvals totaling $33.3 m since FY2020, across 17 lenders, with a median approval of $857,600, plus 9 504 approvals worth $6.8 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Franklin County?
215 housing units were authorized by permit in 2024, with a declared construction value of $54.6 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 2, a predicted average indoor radon screening level from 2 to 4 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 Hart County, with 119 households. Arriving households report an average income of $51,312 against $44,222 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.
7 Census places lie wholly or partly in Franklin County. All 7 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 |
|---|---|---|---|---|
| Gumlog | CDP | 2,382 | None recorded | Wholly in this county |
| Lavonia | city | 2,279 | 8 | Wholly in this county |
| Royston | city | 2,258 | 11 | 66.1 percent here, 33.7 percent Hart County |
| Franklin Springs | city | 1,108 | None recorded | Wholly in this county |
| Canon | city | 879 | 1 | 82.7 percent here, 17.3 percent Hart County |
| Carnesville | city | 852 | 8 | Wholly in this county |
| Martin | town | 422 | 2 | 3.1 percent here, 96.9 percent Stephens County |
A further 1 of the county's 31 SBA 7(a) approvals are to borrowers in cities that match no Census place in Franklin County, the largest being Marietta (1). Those are postal cities, unincorporated areas and cities outside the county, so no place row claims them; they are counted in the county total above.
Nearby