Franklin County, Kentucky: commercial real estate data.
Franklin County, Kentucky has a population of 51,842 across 208 square miles, up 1.7 percent since the 2020 census base. County output reached $4.57 bn in 2024, 1,278 establishments operate here, and the SBA record carries 15 7(a) approvals worth $5.5 m.
113 sourced county values · tier FULL · 10 sections
Franklin County
How many people live in Franklin County
- Population51,842
- Households22,718
- Average household size2.28
- Median household income$65,298
- Median age40.8
- Median gross rent$967 per month
- Median owner-occupied home value$216,600
- Home value to household income3.3 times
- Annual rent as a share of median income17.8 percent
- Adults 25 and over with a bachelor degree or higher31.9 percent
- Adults 25 and over with a graduate degree13.1 percent
- Adults 25 and over36,460
- Population under 1810,864
- Share under 1821.0 percent
- Population 65 and over9,696
- Share 65 and over18.7 percent
- Working age population, 18 to 6431,282
- Civilian labor force26,301
- Unemployment rate5.9 percent
- Labor force participation, adults 18 and over64.2 percent
- Rank by population among Kentucky counties19th of 120
- Rank by population among US county-equivalents987th
Franklin County is the 19th largest of 120 Kentucky counties by population. A median home costs 3.3 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 21.0 percent against 18.7 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 base1.74 percent
- Census 2020 base population51,546
- Births, 2024492
- Deaths, 2024714
- Natural change, 2024-222
- Net domestic migration, 2024549
- Net international migration, 2024293
- Total net migration, 2024842
- Cumulative net domestic migration, 2021 to 20241,029
- Rank by growth among US county-equivalents1262nd
The county has grown 1.74 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 arriving1,492
- People arriving, from those returns2,544
- Adjusted gross income arriving$72.4 m
- Net adjusted gross income movement$0
- Average income of an arriving household$48,532
- Largest single originFranklin County Non-migrants (20,051 households)
- Largest single destination (20,051 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County Non-migrants | 20,051 | 38,679 | $1.38 bn |
| Other flows - Different State | 410 | 651 | $23.0 m |
| Other flows - Same State | 254 | 435 | $11.1 m |
| Fayette County | 235 | 394 | $10.6 m |
| Other flows - South | 187 | 292 | $10.4 m |
| Anderson County | 144 | 257 | $5.7 m |
| Other flows - Midwest | 125 | 192 | $6.0 m |
| Scott County | 111 | 208 | $6.6 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$4.57 bn
- County GDP, 2023$4.27 bn
- GDP change, 2023 to 20247.0 percent
- GDP change over five years37.2 percent
- Rank by GDP among Kentucky counties11th
- Rank by GDP among US county-equivalents749th
- GDP per resident$88,215
Output grew 7.0 percent in the latest year and 37.2 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 average34,824
- Establishments reporting2,802
- Average annual pay$60,163
- Average weekly wage$1,157
- Sector 56, employment4,368
- Sector 56, average annual pay$53,453
- Sector 31-33, employment3,361
- Sector 31-33, average annual pay$68,862
- Sector 62, employment2,858
- Sector 62, average annual pay$55,264
- Sector 72, employment2,483
- Sector 72, average annual pay$22,762
- Sector 44-45, employment2,457
- Sector 54, employment1,459
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 56 | 4,368 | 250 | $53,453 |
| Sector 31-33 | 3,361 | 107 | $68,862 |
| Sector 62 | 2,858 | 248 | $55,264 |
| Sector 72 | 2,483 | 144 | $22,762 |
| Sector 44-45 | 2,457 | 229 | $34,765 |
| Sector 54 | 1,459 | 570 | $97,203 |
| Sector 23 | 953 | 209 | $64,587 |
| Sector 52 | 825 | 117 | $82,216 |
The largest sector is the biggest private employer group at 4,368 jobs, 12.5 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 industries1,278
- Employment at those establishments16,897
- Annual payroll$868.9 m
- Establishments per 1,000 residents24.7
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, 2024123
- Declared construction value permitted$30.8 m
- Single family units authorised123
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$250,606
- Units authorised per 1,000 households5.4
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 recorded15
- 7(a) gross approval dollars$5.5 m
- Average 7(a) approval$369,747
- Median 7(a) approval$205,000
- 10th percentile approval$36,000
- 90th percentile approval$1,250,000
- Largest single approval$1,441,400
- Jobs reported supported, 7(a)166
- Jobs per approval11.1
- Distinct 7(a) lenders active8
- Distinct industries receiving approvals13
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer26.7 percent
- Loans on real estate terms4
- Loans on working capital terms, 120 months or shorter11
- Franchise loans2
- Franchise share of approvals13.3 percent
- Leading industry by approval countGeneral Freight Trucking, Long-Distance, Truckload (2)
- Most active lenderCommunity Trust Bank, Inc. (4)
- 504 approvals recorded5
- 504 gross approval dollars$1.1 m
- Average 504 approval$214,200
- Median 504 approval$184,000
- Distinct CDCs active1
- 504 jobs per approval2.0
- 504 jobs per million dollars approved9.3
- Most active CDCCommunity Ventures Corporation (5)
- 7(a) share of SBA approvals75.0 percent
- Combined SBA approval dollars$6.6 m
The average approval of $369,747 sits well above the median of $205,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 26.7 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
Do SBA loans in Franklin County get paid back
- Loans with a final outcome recorded1
- Paid in full1
- Charged off0
- Status: Exempt from disclosure12
- Status: Paid in full1
- Status: Cancelled2
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
How big is Franklin County
- Land area208 sq mi
- Rank by land area among Kentucky counties97th of 120
- Width, east to west16.2 mi
- Height, north to south16.6 mi
- Geographies sharing a boundary6
- Residents per square mile of land249
- Establishments per square mile6.14
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.
- Population51,842
- Households22,718
- Average household size2.28
- Median household income$65,298
- Median age40.8
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Kentucky?
51,842, in 22,718 households, ranking 19th of 120 Kentucky counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County growing?
The population has grown 1.74 percent since the 2020 census base. In 2024 there were 492 births against 714 deaths, with net migration of 842. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$65,298. The median owner-occupied home is valued at $216,600, which is 3.3 times income, and median gross rent is $967 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin County?
1,278 establishments, employing 16,897 people with an annual payroll of $868.9 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 $60,163, or $1,157 a week, across 34,824 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?
15 7(a) approvals totalling $5.5 m since FY2020, across 8 lenders, with a median approval of $205,000, plus 5 504 approvals worth $1.1 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Franklin County?
123 housing units were authorised by permit in 2024, with a declared construction value of $30.8 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 20,051 households. Arriving households report an average income of $48,532 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.