HomeOhioSummit CountyNew Franklin city
New Franklin city, Ohio: commercial real estate data.
New Franklin city is a Census city of 13,843 people across 24.99 square miles of land, in Summit County. Median household income is $90,244, 88.3 percent of occupied homes are owned, and the SBA record carries 12 7(a) approvals to borrowers here worth $1.3 m.
70 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
New Franklin
What New Franklin is
- Census place typecity
- Land area24.99 sq mi
- Water area1.64 sq mi
- Population per square mile of land554
- County holding the largest share of its areaSummit County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Franklin
How many people live in New Franklin
- Population13,843
- Median age47.9
- Population under 182,471
- Share under 1817.9 percent
- Population 65 and over3,116
- Share 65 and over22.5 percent
- Households5,665
- Family households4,242
- Share of households that are families74.9 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Franklin
Income and work in New Franklin
- Median household income$90,244
- Per capita income$43,997
- Civilian labor force7,502
- Employed7,201
- Unemployed301 plus or minus 179
- Unemployment rate4.0 percent plus or minus 2.4
- Adults 25 and over10,409
- Adults 25 and over with a high school diploma or higher96.5 percent
- Adults 25 and over with a bachelor degree or higher24.7 percent
- Adults 25 and over with a graduate degree9.0 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Franklin
Housing in New Franklin
- Housing units5,901
- Occupied units5,665
- Vacant units236 plus or minus 123
- Vacancy rate4.0 percent plus or minus 2.1
- Owner occupied5,000
- Renter occupied665 plus or minus 156
- Ownership rate88.3 percent
- Median owner-occupied home value$214,300
- Median gross rent, monthly$1,132
- Annual rent as a share of median income15.1 percent
- Single family units5,486
- Share single family93.0 percent
- Units in buildings of two or more237 plus or minus 90
- Share in buildings of two or more4.0 percent plus or minus 1.5
- Mobile homes171 plus or minus 66
- Median year structure built1963
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Franklin
How New Franklin gets to work
- Workers 16 and over who commute6,148
- Commuting under 15 minutes1,322 plus or minus 339
- Share commuting under 15 minutes21.5 percent plus or minus 5.3
- Commuting 30 minutes or more2,060
- Share commuting 30 minutes or more33.5 percent
- Drove alone80.6 percent
- Carpooled5.7 percent plus or minus 1.9
- Public transport0.0 percent
- Walked1.3 percent plus or minus 1.8
- Worked from home11.7 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Franklin
SBA loans in New Franklin (7(a))
- Approvals12
- Gross approval$1,324,000
- Average approval$110,333
- Median approval$99,200
- Ninetieth percentile approval$300,000
- Largest approval$353,000
- Jobs supported36
- Jobs per approval3.0
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more8.3 percent
- Share to franchises16.7 percent
- Distinct lenders1
- Distinct industries by NAICS8
A charge-off rate is not published here. only 3 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
New Franklin
Flood risk in New Franklin
- Listed NFIP communities1
- Of those, participating1
- NFIP community number390993
- Currently effective map date04/19/16
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Summit County, not New Franklin
Summit County context, not New Franklin figures
These are Summit County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Franklin measurements.
- Establishments in Summit County13,309
- Employment at those establishments, Summit County249,827
- Covered employment, Summit County261,045
- Average annual pay, Summit County$62,871
- Average weekly wage, Summit County$1,209
- Housing units permitted, Summit County1,082
- Of those, single family, Summit County580
- County product, 2024, Summit County$40,349,074,000
- County product change over the prior year, Summit County4.3 percent
- Average income of an arriving household, Summit County$97,249
Every figure in this section is published for Summit County as a whole and is not a measurement of New Franklin. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
New Franklin questions, answered from the record.
How many people live in New Franklin, Ohio?
13,843, in 5,665 households. New Franklin city covers 24.99 square miles of land, which is 554 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Franklin in?
Summit County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in New Franklin?
$90,244. The median owner-occupied home is valued at $214,300. Median gross rent is $1,132 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Franklin businesses?
12 7(a) approvals totalling $1.3 m, across 1 lenders, median approval $99,200. These count approvals to borrowers whose address is in New Franklin, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Franklin borrowers get paid back?
No rate is published for New Franklin. only 3 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is New Franklin in the National Flood Insurance Program?
Yes. New Franklin appears in the FEMA Community Status Book as community 390993, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page New Franklin figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Summit County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of New Franklin.
Is zoning published for New Franklin?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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