Franklin County, Alabama: commercial real estate data.
Franklin County, Alabama has a population of 31,966 across 634 square miles, down 0.7 percent since the 2020 census base. County output reached $1.34 bn in 2024, 539 establishments operate here, and the SBA record carries 6 7(a) approvals worth $5.9 m.
117 sourced county values · tier FULL · 11 sections
Franklin County
How many people live in Franklin County
- Population31,966
- Households11,954
- Average household size2.67
- Median household income$53,338
- Median age38.0
- Median gross rent$676 per month
- Median owner-occupied home value$136,000
- Home value to household income2.5 times
- Annual rent as a share of median income15.2 percent
- Adults 25 and over with a bachelor degree or higher15.8 percent
- Adults 25 and over with a graduate degree5.9 percent
- Adults 25 and over21,249
- Population under 188,052
- Share under 1825.2 percent
- Population 65 and over5,328
- Share 65 and over16.7 percent
- Working age population, 18 to 6418,586
- Civilian labor force14,151
- Unemployment rate3.6 percent
- Labor force participation, adults 18 and over59.2 percent
- Rank by population among Alabama counties37th of 67
- Rank by population among US county-equivalents1423rd
Franklin County is the 37th largest of 67 Alabama counties by population. A median home costs 2.5 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 25.2 percent against 16.7 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 growing
- Population change since the 2020 census base-0.74 percent
- Census 2020 base population32,111
- Births, 2024431
- Deaths, 2024444
- Natural change, 2024-13
- Net domestic migration, 2024-241
- Net international migration, 2024189
- Total net migration, 2024-52
- Cumulative net domestic migration, 2021 to 2024-498
- Rank by growth among US county-equivalents2103rd
The county has lost 0.74 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Franklin County
Where people moving to Franklin County come from
- Tax returns filed by households arriving541
- People arriving, from those returns1,079
- Adjusted gross income arriving$22.6 m
- Net adjusted gross income movement$0
- Average income of an arriving household$41,815
- Largest single originFranklin County Non-migrants (9,545 households)
- Largest single destination (9,545 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County Non-migrants | 9,545 | 21,295 | $525.3 m |
| Other flows - Different State | 167 | 336 | $7.4 m |
| Other flows - South | 110 | 217 | $5.0 m |
| Colbert County | 105 | 226 | $4.1 m |
| Other flows - Same State | 93 | 150 | $3.6 m |
| Lauderdale County | 54 | 86 | $1.8 m |
| Marion County | 47 | 111 | $2.1 m |
| Other flows - Midwest | 31 | 66 | $1.3 m |
The largest single source of arrivals is Franklin County Non-migrants, 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 the Franklin County economy runs on
- County GDP, 2024$1.34 bn
- County GDP, 2023$1.24 bn
- GDP change, 2023 to 20247.5 percent
- GDP change over five years38.2 percent
- Rank by GDP among Alabama counties35th
- Rank by GDP among US county-equivalents1608th
- GDP per resident$41,817
Output grew 7.5 percent in the latest year and 38.2 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
Who employs people in Franklin County
- Covered employment, annual average10,956
- Establishments reporting691
- Average annual pay$48,266
- Average weekly wage$928
- Sector 31-33, employment4,631
- Sector 31-33, average annual pay$55,867
- Sector 44-45, employment1,129
- Sector 44-45, average annual pay$29,731
- Sector 72, employment638
- Sector 72, average annual pay$18,690
- Sector 52, employment387
- Sector 52, average annual pay$51,049
- Sector 23, employment217
- Sector 56, employment192
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 4,631 | 45 | $55,867 |
| Sector 44-45 | 1,129 | 116 | $29,731 |
| Sector 72 | 638 | 55 | $18,690 |
| Sector 52 | 387 | 48 | $51,049 |
| Sector 23 | 217 | 58 | $56,752 |
| Sector 56 | 192 | 20 | $43,484 |
| Sector 81 | 140 | 40 | $43,787 |
| Sector 21 | 88 | 3 | $56,746 |
The largest sector is the biggest private employer group at 4,631 jobs, 42.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Franklin County
What businesses operate in Franklin County
- Establishments, all industries539
- Employment at those establishments11,039
- Annual payroll$456.5 m
- Establishments per 1,000 residents16.9
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Franklin County
What is being built in Franklin County
- Housing units authorised by permit, 202413
- Declared construction value permitted$1.8 m
- Single family units authorised13
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$140,706
- Units authorised per 1,000 households1.1
Multifamily is 0.0 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
How much SBA lending happens in Franklin County
- 7(a) approvals recorded6
- 7(a) gross approval dollars$5.9 m
- Average 7(a) approval$978,233
- Median 7(a) approval$880,000
- 10th percentile approval$300,000
- 90th percentile approval$2,209,000
- Largest single approval$2,209,000
- Jobs reported supported, 7(a)69
- Jobs per approval11.5
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals5
- Median 7(a) term179 months
- Share of loans on real estate terms, 240 months or longer33.3 percent
- Loans on real estate terms2
- Loans on working capital terms, 120 months or shorter3
- Franchise loans1
- Franchise share of approvals16.7 percent
- Leading industry by approval countPharmacies and Drug Retailers (2)
- Most active lenderPinnacle Bank (2)
- 504 approvals recorded2
- 504 gross approval dollars$1.5 m
- Average 504 approval$746,500
- Median 504 approval$940,000
- Distinct CDCs active2
- 504 jobs per approval1.5
- 504 jobs per million dollars approved2.0
- Most active CDCFlorida First Capital Finance Corporation, Inc. (1)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$7.4 m
The average approval of $978,233 sits close to the median of $880,000, so lending here is fairly evenly sized rather than driven by a few large deals. 33.3 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
Do SBA loans in Franklin County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Paid in full1
- Status: Cancelled3
- Status: Exempt from disclosure2
Too few loans have reached a final outcome to publish a charge off rate. only 1 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
Which parts of Franklin County get the lending
- Places in the county with recorded lending3
- Russellville, approvals3
- PHIL CAMPBELL, approvals2
- RED BAY, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Russellville | 3 | $3,389,000 |
| PHIL CAMPBELL | 2 | $2,130,400 |
| RED BAY | 1 | $350,000 |
Russellville accounts for 3 approvals against 2 in PHIL CAMPBELL. 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 big is Franklin County
- Land area634 sq mi
- Rank by land area among Alabama counties41st of 67
- Width, east to west36.7 mi
- Height, north to south19.1 mi
- Geographies sharing a boundary4
- Residents per square mile of land50
- Establishments per square mile0.85
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.
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.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
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.
- Population31,966
- Households11,954
- Average household size2.67
- Median household income$53,338
- Median age38.0
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Alabama?
31,966, in 11,954 households, ranking 37th of 67 Alabama counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County growing?
The population has fallen 0.74 percent since the 2020 census base. In 2024 there were 431 births against 444 deaths, with net migration of -52. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$53,338. The median owner-occupied home is valued at $136,000, which is 2.5 times income, and median gross rent is $676 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin County?
539 establishments, employing 11,039 people with an annual payroll of $456.5 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Franklin County?
Average annual pay is $48,266, or $928 a week, across 10,956 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Franklin County?
6 7(a) approvals totalling $5.9 m since FY2020, across 5 lenders, with a median approval of $880,000, plus 2 504 approvals worth $1.5 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Franklin County?
13 housing units were authorised by permit in 2024, with a declared construction value of $1.8 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 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 Franklin County Non-migrants, with 9,545 households. Arriving households report an average income of $41,815 against null 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.