Franklin County, Florida: commercial real estate data.
Franklin County, Florida has a population of 12,553 across 535 square miles, up 4.2 percent since the 2020 census base. County output reached $505.9 m in 2024, 324 establishments operate here, and the SBA record carries 8 7(a) approvals worth $8.3 m.
122 sourced county values · tier FULL · 12 sections
Franklin County
How many people live in Franklin County
- Population12,553
- Households4,949
- Average household size2.54
- Median household income$64,105
- Median age50.1
- Median gross rent$1,049 per month
- Median owner-occupied home value$273,300
- Home value to household income4.3 times
- Annual rent as a share of median income19.6 percent
- Adults 25 and over with a bachelor degree or higher27.9 percent
- Adults 25 and over with a graduate degree12.6 percent
- Adults 25 and over9,889
- Population under 181,938
- Share under 1815.4 percent
- Population 65 and over3,326
- Share 65 and over26.5 percent
- Working age population, 18 to 647,289
- Civilian labor force5,111
- Unemployment rate8.5 percent
- Labor force participation, adults 18 and over48.1 percent
- Rank by population among Florida counties65th of 67
- Rank by population among US county-equivalents2317th
Franklin County is the 65th largest of 67 Florida counties by population. A median home costs 4.3 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 26.5 percent against 15.4 percent, which points demand at health care, services and single storey product rather than schools.
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 base4.22 percent
- Census 2020 base population12,454
- Births, 202487
- Deaths, 2024155
- Natural change, 2024-68
- Net domestic migration, 2024392
- Net international migration, 202427
- Total net migration, 2024419
- Cumulative net domestic migration, 2021 to 2024755
- Rank by growth among US county-equivalents648th
The county has grown 4.22 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone 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 people moving to Franklin County come from
- Tax returns filed by households arriving436
- People arriving, from those returns742
- Adjusted gross income arriving$62.2 m
- Net adjusted gross income movement$0
- Average income of an arriving household$142,743
- Largest single originFranklin County Non-migrants (3,749 households)
- Largest single destination (3,749 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County Non-migrants | 3,749 | 7,121 | $384.9 m |
| Other flows - Different State | 236 | 431 | $35.5 m |
| Other flows - South | 136 | 244 | $19.8 m |
| Other flows - Same State | 127 | 207 | $16.3 m |
| Leon County | 53 | 73 | $2.9 m |
| Other flows - Midwest | 39 | 64 | $3.9 m |
| Other flows - West | 31 | 62 | $7.2 m |
| Other flows - Northeast | 30 | 61 | $4.6 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$505.9 m
- County GDP, 2023$480.7 m
- GDP change, 2023 to 20245.2 percent
- GDP change over five years30.5 percent
- Rank by GDP among Florida counties62nd
- Rank by GDP among US county-equivalents2402nd
- GDP per resident$40,300
Output grew 5.2 percent in the latest year and 30.5 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 average3,545
- Establishments reporting426
- Average annual pay$43,873
- Average weekly wage$844
- Sector 72, employment785
- Sector 72, average annual pay$35,119
- Sector 44-45, employment512
- Sector 44-45, average annual pay$30,118
- Sector 23, employment298
- Sector 23, average annual pay$42,740
- Sector 53, employment145
- Sector 53, average annual pay$48,807
- Sector 81, employment117
- Sector 42, employment92
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 72 | 785 | 58 | $35,119 |
| Sector 44-45 | 512 | 76 | $30,118 |
| Sector 23 | 298 | 50 | $42,740 |
| Sector 53 | 145 | 36 | $48,807 |
| Sector 81 | 117 | 21 | $48,949 |
| Sector 42 | 92 | 15 | $49,222 |
| Sector 71 | 80 | 12 | $27,737 |
| Sector 54 | 72 | 34 | $76,647 |
The largest sector is the biggest private employer group at 785 jobs, 22.1 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 industries324
- Employment at those establishments2,315
- Annual payroll$88.0 m
- Establishments per 1,000 residents25.8
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, 2024113
- Declared construction value permitted$24.8 m
- Single family units authorised113
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$219,045
- Units authorised per 1,000 households22.8
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 recorded8
- 7(a) gross approval dollars$8.3 m
- Average 7(a) approval$1,039,950
- Median 7(a) approval$1,189,000
- 10th percentile approval$133,500
- 90th percentile approval$2,392,000
- Largest single approval$2,392,000
- Jobs reported supported, 7(a)97
- Jobs per approval12.1
- Distinct 7(a) lenders active5
- Distinct industries receiving approvals6
- Median 7(a) term300 months
- Share of loans on real estate terms, 240 months or longer62.5 percent
- Loans on real estate terms5
- Loans on working capital terms, 120 months or shorter1
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countFull-Service Restaurants (3)
- Most active lenderCentennial Bank (3)
- 504 approvals recorded5
- 504 gross approval dollars$3.2 m
- Average 504 approval$649,600
- Median 504 approval$432,000
- Distinct CDCs active1
- 504 jobs per approval10.4
- 504 jobs per million dollars approved16.0
- Most active CDCFlorida First Capital Finance Corporation, Inc. (5)
- 7(a) share of SBA approvals61.5 percent
- Combined SBA approval dollars$11.6 m
The average approval of $1,039,950 sits close to the median of $1,189,000, so lending here is fairly evenly sized rather than driven by a few large deals. 62.5 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 recorded6
- Paid in full6
- Charged off0
- Status: Paid in full6
- Status: Exempt from disclosure2
Too few loans have reached a final outcome to publish a charge off rate. only 6 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
- SAINT GEORGE ISLAND, approvals4
- APALACHICOLA, approvals3
- Carrabelle, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| SAINT GEORGE ISLAND | 4 | $4,881,000 |
| APALACHICOLA | 3 | $3,305,100 |
| Carrabelle | 1 | $133,500 |
SAINT GEORGE ISLAND accounts for 4 approvals against 3 in APALACHICOLA. 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 area535 sq mi
- Rank by land area among Florida counties56th of 67
- Width, east to west53.4 mi
- Height, north to south29.5 mi
- Geographies sharing a boundary3
- Residents per square mile of land23
- Establishments per square mile0.61
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
What hazards affect Franklin County
- EPA radon zone predicted average indoor radon screening level less than 2 pCi/LZone 3
- Communities in the NFIP Community Status Book3
- Of those, participating in the NFIP3
- 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 7
- Communities carrying a CRS class2
The EPA places the county in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The best Community Rating System class in the county is 7, which carries a flood insurance premium discount for properties in the participating community.
US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001. FEMA OpenFEMA, NFIP Community Status Book, Community Status Book, as retrieved.
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.
- 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.
- Population12,553
- Households4,949
- Average household size2.54
- Median household income$64,105
- Median age50.1
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Florida?
12,553, in 4,949 households, ranking 65th of 67 Florida counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County growing?
The population has grown 4.22 percent since the 2020 census base. In 2024 there were 87 births against 155 deaths, with net migration of 419. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$64,105. The median owner-occupied home is valued at $273,300, which is 4.3 times income, and median gross rent is $1,049 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin County?
324 establishments, employing 2,315 people with an annual payroll of $88.0 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 $43,873, or $844 a week, across 3,545 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?
8 7(a) approvals totalling $8.3 m since FY2020, across 5 lenders, with a median approval of $1,189,000, plus 5 504 approvals worth $3.2 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Franklin County?
113 housing units were authorised by permit in 2024, with a declared construction value of $24.8 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 3, a predicted average indoor radon screening level less than 2 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 3,749 households. Arriving households report an average income of $142,743 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.