Franklin County, Ohio: commercial real estate data.
Franklin County, Ohio had an estimated 1,356,303 residents on July 1, 2024, up 2.5 percent since the 2020 census base of 1,323,819, across 532 square miles. County output reached $141.97 bn in 2024, 30,700 establishments operate here, and the SBA record carries 3,035 7(a) approvals worth $1.01 bn 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 2020-20241,333,048
- Households553,099
- Average household size2.41
- Median household income$75,176
- Median age34.8
- Median gross rent$1,302 per month
- Median owner-occupied home value$288,400
- Home value to household income3.8 times
- Annual rent as a share of median income20.8 percent
- Adults 25 and over with a bachelor degree or higher42.1 percent
- Adults 25 and over with a graduate degree16.3 percent
- Adults 25 and over896,440
- Population under 18310,110
- Share under 1823.3 percent
- Population 65 and over173,679
- Share 65 and over13.0 percent
- Working age population, 18 to 64849,259
- Civilian labor force732,687
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over71.6 percent
- Rank by population among Ohio counties1st of 88
- Rank by population among US county-equivalents, Puerto Rico included31st of 3,222
Franklin County is the 1st largest of 88 Ohio counties by population. A median home costs 3.8 times median household income, which is moderately unaffordable by national standards. Residents under 18 outnumber those 65 and over, at 23.3 percent against 13.0 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, 20241,356,303
- Census 2020 base population1,323,819
- Population change since the 2020 census base2.45 percent
- Population change, 2023 to 202417,400
- Births, 202417,244
- Deaths, 202410,087
- Natural change, 20247,157
- Net domestic migration, 2024-9,974
- Net international migration, 202420,257
- Total net migration, 202410,283
- Cumulative net domestic migration, 2021 to 2024-45,536
- Rank by growth among US county-equivalents1020th of 3,144
The county has grown 2.45 percent since the 2020 census base. The population grew in 2024 from both sources: births exceeded deaths and more people moved in than left.
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 arriving31,142
- People arriving, from those returns47,934
- Tax returns filed by households leaving36,705
- Net household movement-5,563
- Adjusted gross income arriving$2.06 bn
- Net adjusted gross income movement$-940.0 m
- Average income of an arriving household$66,058
- Average income of a leaving household$81,657
- Largest single originDelaware County (2,734 households)
- Largest single destinationDelaware County (4,271 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Delaware County | 2,734 | 4,003 | $214.4 m |
| Fairfield County | 2,059 | 3,412 | $104.7 m |
| Licking County | 1,486 | 2,323 | $79.0 m |
| Cuyahoga County | 929 | 1,275 | $55.1 m |
| Montgomery County | 675 | 975 | $37.4 m |
| Hamilton County | 639 | 855 | $34.7 m |
| Pickaway County | 575 | 922 | $30.1 m |
| Union County | 436 | 654 | $41.9 m |
Households arriving report $15,599 less average income than households leaving, which drains spending power even where headcount holds up. The largest single source of arrivals is Delaware 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$141.97 bn
- County GDP, 2023$134.48 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years33.9 percent
- Rank by GDP among the Ohio areas BEA publishes1st of 88
- Rank by GDP among the US county areas BEA publishes33rd of 3,127
- GDP per resident$106,502
Output grew 5.6 percent in the latest year and 33.9 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 average779,560
- Establishments reporting40,020
- Average annual pay$73,180
- Average weekly wage$1,407
- Health care and social assistance, employment122,964
- Health care and social assistance, average annual pay$60,226
- Retail trade, employment67,186
- Retail trade, average annual pay$42,868
- Accommodation and food services, employment63,348
- Accommodation and food services, average annual pay$27,426
- Professional, scientific and technical services, employment51,849
- Professional, scientific and technical services, average annual pay$107,419
- Transportation and warehousing, employment49,479
- Administrative and support and waste management services, employment48,217
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Health care and social assistance | 122,964 | 4,920 | $60,226 |
| Retail trade | 67,186 | 3,866 | $42,868 |
| Accommodation and food services | 63,348 | 3,436 | $27,426 |
| Professional, scientific and technical services | 51,849 | 6,824 | $107,419 |
| Transportation and warehousing | 49,479 | 1,444 | $75,308 |
| Administrative and support and waste management services | 48,217 | 2,428 | $49,685 |
| Finance and insurance | 41,453 | 2,321 | $113,219 |
| Manufacturing | 36,600 | 1,064 | $79,770 |
Health care and social assistance is the largest private sector at 122,964 jobs, 15.8 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 industries30,700
- Employment at those establishments695,387
- Annual payroll$44.31 bn
- Establishments per 1,000 residents23.0
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, 20248,122
- Declared construction value permitted$1.56 bn
- Single family units authorized2,013
- Multifamily units authorized6,109
- Multifamily share of units75.2 percent
- Average declared value per unit$192,587
- Units authorized per 1,000 households14.7
Multifamily is 75.2 percent of units authorized, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
SBA loans in Franklin County (7(a) and 504)
- 7(a) approvals recorded3,035
- 7(a) gross approval dollars$1.01 bn
- Average 7(a) approval$333,253
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$765,600
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)31,241
- Jobs per approval10.3
- Distinct 7(a) lenders active121
- Distinct industries receiving approvals415
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.8 percent
- Loans on real estate terms205
- Loans on working capital terms, 120 months or shorter2,733
- Franchise loans315
- Franchise share of approvals10.4 percent
- Leading industry by approval countFull-Service Restaurants (138)
- Most active lenderThe Huntington National Bank (1,595)
- 504 approvals recorded464
- 504 gross approval dollars$296.4 m
- Average 504 approval$638,875
- Median 504 approval$400,000
- Distinct CDCs active9
- 504 jobs per approval8.3
- 504 jobs per million dollars approved13.0
- Most active CDCCommunity Capital Development Corporation (215)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$1.31 bn
The average approval of $333,253 sits well above the median of $100,000, pulled up by a few larger deals, so the median is the better guide to what a typical borrower here gets. Only 6.8 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 recorded609
- Paid in full541
- Charged off68
- Charge-off rate on resolved loans11.2 percent
- Status: Paid in full541
- Status: Exempt from disclosure1,906
- Status: Cancelled363
- Status: Charged off68
- Status: Committed, not yet disbursed157
Of the 609 loans that have reached a final outcome, 11.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong.
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 lending45
- Columbus, approvals1,811
- Dublin, approvals209
- Westerville, approvals158
- Hilliard, approvals152
- Grove City, approvals145
- Reynoldsburg, approvals93
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Columbus | 1,811 | $598,902,900 |
| Dublin | 209 | $63,601,300 |
| Westerville | 158 | $52,796,800 |
| Hilliard | 152 | $58,600,000 |
| Grove City | 145 | $33,246,300 |
| Reynoldsburg | 93 | $45,545,600 |
| Gahanna | 72 | $21,099,000 |
| New Albany | 70 | $28,295,700 |
| 37 other borrower cities | 325 | $109,336,600 |
Columbus accounts for 1,811 approvals against 209 in Dublin. 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 area532 sq mi
- Rank by land area among Ohio counties19th of 88
- Width, east to west26.1 mi
- Height, north to south24 mi
- Geographies sharing a boundary6
- Residents per square mile of land2,506
- Establishments per square mile57.71
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 390167
- Communities in the county in the NFIP Community Status Book25
- Of those, participating in the NFIP23
- NFIP participation rate92.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- 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 county's own community in the status book, unincorporated Franklin County (community 390167), 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 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 10, which carries a flood insurance premium discount for policies written in that community. 92.0 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 2020-20241,333,048
- Households553,099
- Average household size2.41
- Median household income$75,176
- Median age34.8
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Ohio?
The Census Bureau estimates 1,356,303 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 1,333,048, in 553,099 households, ranking 1st of 88 Ohio 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 2.45 percent since the 2020 census base of 1,323,819, to 1,356,303 on July 1, 2024. In 2024 there were 17,244 births against 10,087 deaths, with net migration of 10,283. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$75,176. The median owner-occupied home is valued at $288,400, which is 3.8 times income, and median gross rent is $1,302 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are in Franklin County?
30,700 establishments, employing 695,387 people with an annual payroll of $44.31 bn. 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 122,964 jobs, 15.8 percent of covered employment. Covered employment averages 779,560 jobs at an average annual pay of $73,180, or $1,407 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?
3,035 7(a) approvals totaling $1.01 bn since FY2020, across 121 lenders, with a median approval of $100,000, plus 464 504 approvals worth $296.4 m since FY2010. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Franklin County get paid back?
Of the 609 loans that have reached a final outcome, 541 were paid in full and 68 charged off, a charge-off rate of 11.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
How many building permits were issued in Franklin County?
8,122 housing units were authorized by permit in 2024, with a declared construction value of $1.56 bn. Multifamily was 75.2 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 Delaware County, with 2,734 households. Arriving households report an average income of $66,058 against $81,657 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.
31 Census places lie wholly or partly in Franklin County. All 31 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 |
|---|---|---|---|---|
| Columbus | city | 914,802 | 1,811 | Wholly in this county |
| Dublin | city | 49,294 | 209 | 84.4 percent here, 7.9 percent Union County, 7.7 percent Delaware County |
| Grove City | city | 42,517 | 145 | Wholly in this county |
| Reynoldsburg | city | 41,224 | 93 | 64.3 percent here, 28.0 percent Licking County, 7.7 percent Fairfield County |
| Westerville | city | 38,645 | 158 | 68.4 percent here, 31.6 percent Delaware County |
| Hilliard | city | 38,033 | 152 | Wholly in this county |
| Upper Arlington | city | 36,293 | 10 | Wholly in this county |
| Gahanna | city | 35,486 | 72 | Wholly in this county |
| Pickerington | city | 24,477 | 3 | 3.2 percent here, 96.8 percent Fairfield County |
| Whitehall | city | 20,019 | 11 | Wholly in this county |
| Worthington | city | 14,938 | 64 | Wholly in this county |
| Bexley | city | 13,114 | 4 | Wholly in this county |
| New Albany | city | 10,896 | 70 | 54.5 percent here, 45.5 percent Licking County |
| Canal Winchester | city | 10,170 | 58 | 74.1 percent here, 25.9 percent Fairfield County |
| Lincoln Village | CDP | 8,928 | None recorded | Wholly in this county |
| Grandview Heights | city | 8,647 | 8 | Wholly in this county |
| Blacklick Estates | CDP | 8,389 | None recorded | Wholly in this county |
| Obetz | city | 7,330 | 4 | Wholly in this county |
| Groveport | city | 5,900 | 50 | Wholly in this county |
| Lake Darby | CDP | 4,608 | None recorded | Wholly in this county |
| Huber Ridge | CDP | 4,111 | None recorded | Wholly in this county |
| Lithopolis | village | 2,522 | None recorded | 30.6 percent here, 69.4 percent Fairfield County |
| Minerva Park | village | 2,446 | None recorded | Wholly in this county |
| Urbancrest | village | 1,240 | None recorded | Wholly in this county |
| Marble Cliff | village | 850 | None recorded | Wholly in this county |
| Valleyview | village | 742 | None recorded | Wholly in this county |
| Darbydale | CDP | 737 | None recorded | Wholly in this county |
| Riverlea | village | 543 | None recorded | Wholly in this county |
| Harrisburg | village | 306 | None recorded | 96.3 percent here, 3.7 percent Pickaway County |
| Lockbourne | village | 165 | 3 | 87.4 percent here, 12.6 percent Pickaway County |
| Brice | village | 161 | None recorded | Wholly in this county |
A further 110 of the county's 3,035 SBA 7(a) approvals are to borrowers in cities that match no Census place in Franklin County, the largest being Blacklick (43), Galloway (24), Powell (9). 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