Franklin County, Maine: commercial real estate data.
Franklin County, Maine had an estimated 30,902 residents on July 1, 2024, up 4.9 percent since the 2020 census base of 29,451, across 1,697 square miles. County output reached $1.51 bn in 2024, 878 establishments operate here, and the SBA record carries 28 7(a) approvals worth $16.1 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 2020-202430,413
- Households12,675
- Average household size2.40
- Median household income$58,675
- Median age46.1
- Median gross rent$802 per month
- Median owner-occupied home value$194,700
- Home value to household income3.3 times
- Annual rent as a share of median income16.4 percent
- Adults 25 and over with a bachelor degree or higher32.0 percent
- Adults 25 and over with a graduate degree12.3 percent
- Adults 25 and over21,908
- Population under 185,201
- Share under 1817.1 percent
- Population 65 and over7,211
- Share 65 and over23.7 percent
- Working age population, 18 to 6418,001
- Civilian labor force14,715
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over58.4 percent
- Rank by population among Maine counties15th of 16
- Rank by population among US county-equivalents, Puerto Rico included1471st of 3,222
Franklin County is the 15th largest of 16 Maine counties by population. A median home costs 3.3 times median household income, which is moderately unaffordable by national standards. Residents 65 and over outnumber those under 18, at 23.7 percent against 17.1 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, 202430,902
- Census 2020 base population29,451
- Population change since the 2020 census base4.93 percent
- Population change, 2023 to 202476
- Births, 2024211
- Deaths, 2024403
- Natural change, 2024-192
- Net domestic migration, 2024230
- Net international migration, 202442
- Total net migration, 2024272
- Cumulative net domestic migration, 2021 to 20242,070
- Rank by growth among US county-equivalents544th of 3,144
The county has grown 4.93 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 arriving916
- People arriving, from those returns1,562
- Tax returns filed by households leaving791
- Net household movement125
- Adjusted gross income arriving$59.1 m
- Net adjusted gross income movement$13.4 m
- Average income of an arriving household$64,498
- Average income of a leaving household$57,786
- Largest single originAndroscoggin County (123 households)
- Largest single destinationKennebec County (106 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Androscoggin County | 123 | 222 | $5.3 m |
| Kennebec County | 89 | 156 | $4.2 m |
| Cumberland County | 83 | 140 | $7.1 m |
| Oxford County | 68 | 122 | $3.3 m |
| Somerset County | 54 | 88 | $2.1 m |
| Penobscot County | 43 | 57 | $2.2 m |
| York County | 36 | 51 | $2.8 m |
Households arriving report $6,712 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 Androscoggin 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$1.51 bn
- County GDP, 2023$1.45 bn
- GDP change, 2023 to 20243.7 percent
- GDP change over five years25.6 percent
- Rank by GDP among the Maine areas BEA publishes14th of 16
- Rank by GDP among the US county areas BEA publishes1512th of 3,127
- GDP per resident$49,621
Output grew 3.7 percent in the latest year and 25.6 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 average10,518
- Establishments reporting1,152
- Average annual pay$48,419
- Average weekly wage$931
- Health care and social assistance, employment1,759
- Health care and social assistance, average annual pay$59,455
- Retail trade, employment1,753
- Retail trade, average annual pay$37,215
- Accommodation and food services, employment1,309
- Accommodation and food services, average annual pay$25,884
- Arts, entertainment and recreation, employment554
- Arts, entertainment and recreation, average annual pay$49,355
- Finance and insurance, employment285
- Wholesale trade, employment109
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 1,759 | 108 | $59,455 |
| Retail trade | 1,753 | 148 | $37,215 |
| Accommodation and food services | 1,309 | 112 | $25,884 |
| Arts, entertainment and recreation | 554 | 23 | $49,355 |
| Finance and insurance | 285 | 36 | $63,698 |
| Wholesale trade | 109 | 38 | $59,962 |
| Real estate and rental and leasing | 100 | 36 | $41,449 |
| Educational services | 92 | 11 | $36,457 |
Health care and social assistance is the largest private sector at 1,759 jobs, 16.7 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 industries878
- Employment at those establishments8,625
- Annual payroll$384.0 m
- Establishments per 1,000 residents28.9
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, 2024169
- Declared construction value permitted$51.0 m
- Single family units authorized157
- Multifamily units authorized12
- Multifamily share of units7.1 percent
- Average declared value per unit$301,551
- Units authorized per 1,000 households13.3
Single-family homes are 92.9 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 recorded28
- 7(a) gross approval dollars$16.1 m
- Average 7(a) approval$573,675
- Median 7(a) approval$88,950
- 10th percentile approval$26,400
- 90th percentile approval$1,618,830
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)414
- Jobs per approval14.8
- Distinct 7(a) lenders active12
- Distinct industries receiving approvals21
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer14.3 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter23
- Franchise loans3
- Franchise share of approvals10.7 percent
- Most active lenderTD Bank, National Association (9)
- 504 approvals recorded10
- 504 gross approval dollars$3.9 m
- Average 504 approval$388,200
- Median 504 approval$273,500
- Distinct CDCs active3
- 504 jobs per approval8.7
- 504 jobs per million dollars approved22.4
- Most active CDCGranite State Economic Development Corporation (7)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$19.9 m
The average approval of $573,675 sits well above the median of $88,950, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 14.3 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
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 recorded7
- Paid in full7
- Charged off0
- Status: Paid in full7
- Status: Exempt from disclosure18
- Status: Committed, not yet disbursed2
- Status: Cancelled1
Only 7 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 lending11
- Farmington, approvals8
- Jay, approvals5
- Wilton, approvals4
- Phillips, approvals3
- Temple, approvals2
- Rangeley, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Farmington | 8 | $835,300 |
| Jay | 5 | $300,200 |
| Wilton | 4 | $554,600 |
| Phillips | 3 | $3,956,900 |
| Temple | 2 | $80,000 |
| Rangeley | 1 | $5,000,000 |
| New Vineyard | 1 | $4,162,000 |
| Industry | 1 | $660,000 |
| 3 other borrower cities | 3 | $513,900 |
Farmington accounts for 8 approvals against 5 in Jay. 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 area1,697 sq mi
- Rank by land area among Maine counties7th of 16
- Width, east to west44 mi
- Height, north to south83.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land18
- Establishments per square mile0.52
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
- Communities in the county in the NFIP Community Status Book48
- Of those, participating in the NFIP48
- 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 8
- Communities carrying a CRS class1
- Radon levels in Franklin County, EPA zone predicted average indoor radon screening level greater than 4 pCi/LZone 1
The EPA places Franklin County in radon zone 1, a predicted average indoor radon screening level greater than 4 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 8, 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 2020-202430,413
- Households12,675
- Average household size2.40
- Median household income$58,675
- Median age46.1
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Maine?
The Census Bureau estimates 30,902 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 30,413, in 12,675 households, ranking 15th of 16 Maine 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 4.93 percent since the 2020 census base of 29,451, to 30,902 on July 1, 2024. In 2024 there were 211 births against 403 deaths, with net migration of 272. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$58,675. The median owner-occupied home is valued at $194,700, which is 3.3 times income, and median gross rent is $802 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Franklin County?
878 establishments, employing 8,625 people with an annual payroll of $384.0 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?
Health care and social assistance is the largest private sector at 1,759 jobs, 16.7 percent of covered employment. Covered employment averages 10,518 jobs at an average annual pay of $48,419, or $931 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?
28 7(a) approvals totaling $16.1 m since FY2020, across 12 lenders, with a median approval of $88,950, plus 10 504 approvals worth $3.9 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Franklin County?
169 housing units were authorized by permit in 2024, with a declared construction value of $51.0 m. Multifamily was 7.1 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Franklin County?
Zone 1, a predicted average indoor radon screening level greater than 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 Androscoggin County, with 123 households. Arriving households report an average income of $64,498 against $57,786 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.
5 Census places lie wholly or partly in Franklin County. All 5 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 |
|---|---|---|---|---|
| Farmington | CDP | 4,705 | 8 | Wholly in this county |
| Wilton | CDP | 1,687 | 4 | Wholly in this county |
| Chisholm | CDP | 988 | None recorded | Wholly in this county |
| Kingfield | CDP | 586 | None recorded | Wholly in this county |
| Rangeley | CDP | 407 | 1 | Wholly in this county |
A further 15 of the county's 28 SBA 7(a) approvals are to borrowers in cities that match no Census place in Franklin County, the largest being Jay (5), Phillips (3), Temple (2). 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