Franklin Parish, Louisiana: commercial real estate data.
Franklin Parish, Louisiana has a population of 19,408 across 625 square miles, down 3.4 percent since the 2020 census base. County output reached $619.1 m in 2024, 408 establishments operate here, and the SBA record carries 10 7(a) approvals worth $3.5 m.
103 sourced county values · tier FULL · 10 sections
Franklin Parish
How many people live in Franklin Parish
- Population19,408
- Households7,525
- Average household size2.58
- Median household income$47,020
- Median age39.2
- Median gross rent$721 per month
- Median owner-occupied home value$113,000
- Home value to household income2.4 times
- Annual rent as a share of median income18.4 percent
- Adults 25 and over with a bachelor degree or higher17.5 percent
- Adults 25 and over with a graduate degree5.6 percent
- Adults 25 and over13,045
- Population under 184,813
- Share under 1824.8 percent
- Population 65 and over3,825
- Share 65 and over19.7 percent
- Working age population, 18 to 6410,770
- Civilian labor force7,595
- Unemployment rate8.2 percent
- Labor force participation, adults 18 and over52.0 percent
- Rank by population among Louisiana parishes47th of 64
- Rank by population among US county-equivalents1916th
Franklin Parish is the 47th largest of 64 Louisiana parishes by population. A median home costs 2.4 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 24.8 percent against 19.7 percent, a household formation profile rather than a retirement one.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Franklin Parish
Is Franklin Parish growing
- Population change since the 2020 census base-3.37 percent
- Census 2020 base population19,773
- Births, 2024221
- Deaths, 2024293
- Natural change, 2024-72
- Net domestic migration, 2024-94
- Net international migration, 20249
- Total net migration, 2024-85
- Cumulative net domestic migration, 2021 to 2024-321
- Rank by growth among US county-equivalents2799th
The county has lost 3.37 percent of its population since the 2020 census base.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Franklin Parish
Where people moving to Franklin Parish come from
- Tax returns filed by households arriving292
- People arriving, from those returns546
- Adjusted gross income arriving$10.9 m
- Net adjusted gross income movement$0
- Average income of an arriving household$37,171
- Largest single originFranklin Parish Non-migrants (6,348 households)
- Largest single destination (6,348 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin Parish Non-migrants | 6,348 | 13,613 | $298.5 m |
| Other flows - Same State | 104 | 184 | $3.2 m |
| Other flows - Different State | 67 | 126 | $3.7 m |
| Other flows - South | 67 | 126 | $3.7 m |
| Richland Parish | 63 | 130 | $2.2 m |
| Ouachita Parish | 58 | 106 | $1.8 m |
The largest single source of arrivals is Franklin Parish 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 Parish
What the Franklin Parish economy runs on
- County GDP, 2024$619.1 m
- County GDP, 2023$655.5 m
- GDP change, 2023 to 2024-5.6 percent
- GDP change over five years21.5 percent
- Rank by GDP among Louisiana parishes54th
- Rank by GDP among US county-equivalents2248th
- GDP per resident$31,898
Output grew -5.6 percent in the latest year and 21.5 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 Parish
Who employs people in Franklin Parish
- Covered employment, annual average4,650
- Establishments reporting491
- Average annual pay$38,451
- Average weekly wage$739
- Sector 44-45, employment868
- Sector 44-45, average annual pay$31,762
- Sector 72, employment343
- Sector 72, average annual pay$16,433
- Sector 31-33, employment194
- Sector 31-33, average annual pay$24,393
- Sector 52, employment150
- Sector 52, average annual pay$54,210
- Sector 54, employment120
- Sector 23, employment118
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 44-45 | 868 | 86 | $31,762 |
| Sector 72 | 343 | 29 | $16,433 |
| Sector 31-33 | 194 | 11 | $24,393 |
| Sector 52 | 150 | 38 | $54,210 |
| Sector 54 | 120 | 43 | $49,983 |
| Sector 23 | 118 | 37 | $36,758 |
| Sector 42 | 104 | 20 | $74,865 |
| Sector 48-49 | 84 | 20 | $54,553 |
The largest sector is the biggest private employer group at 868 jobs, 18.7 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 Parish
What businesses operate in Franklin Parish
- Establishments, all industries408
- Employment at those establishments3,587
- Annual payroll$132.5 m
- Establishments per 1,000 residents21.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Franklin Parish
What is being built in Franklin Parish
- Housing units authorised by permit, 202414
- Declared construction value permitted$5.3 m
- Single family units authorised14
- Multifamily units authorised0
- Multifamily share of units0.0 percent
- Average declared value per unit$380,349
- Units authorised per 1,000 households1.9
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 Parish
How much SBA lending happens in Franklin Parish
- 7(a) approvals recorded10
- 7(a) gross approval dollars$3.5 m
- Average 7(a) approval$354,080
- Median 7(a) approval$40,000
- 10th percentile approval$25,000
- 90th percentile approval$2,610,000
- Largest single approval$2,610,000
- Jobs reported supported, 7(a)62
- Jobs per approval6.2
- Distinct 7(a) lenders active7
- Distinct industries receiving approvals7
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer10.0 percent
- Loans on real estate terms1
- Loans on working capital terms, 120 months or shorter9
- Franchise loans1
- Franchise share of approvals10.0 percent
- Leading industry by approval countTax Preparation Services (4)
- Most active lenderNortheast Bank (3)
The average approval of $354,080 sits well above the median of $40,000, 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 10.0 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.
Franklin Parish
Do SBA loans in Franklin Parish get paid back
- Loans with a final outcome recorded0
- Paid in full0
- Charged off0
- Status: Exempt from disclosure7
- Status: Cancelled2
- Status: Committed, not yet disbursed1
Too few loans have reached a final outcome to publish a charge off rate. only 0 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 Parish
How big is Franklin Parish
- Land area625 sq mi
- Rank by land area among Louisiana parishes34th of 64
- Width, east to west24.5 mi
- Height, north to south36.1 mi
- Geographies sharing a boundary5
- Residents per square mile of land31
- Establishments per square mile0.65
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 504 approvals recorded in this county in the FOIA release covering FY2010 onward.
- 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 Parish 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 Parish site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population19,408
- Households7,525
- Average household size2.58
- Median household income$47,020
- Median age39.2
Common questions
Franklin Parish questions, answered from the record.
How many people live in Franklin Parish, Louisiana?
19,408, in 7,525 households, ranking 47th of 64 Louisiana counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin Parish growing?
The population has fallen 3.37 percent since the 2020 census base. In 2024 there were 221 births against 293 deaths, with net migration of -85. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin Parish?
$47,020. The median owner-occupied home is valued at $113,000, which is 2.4 times income, and median gross rent is $721 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin Parish?
408 establishments, employing 3,587 people with an annual payroll of $132.5 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 Parish?
Average annual pay is $38,451, or $739 a week, across 4,650 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Franklin Parish?
10 7(a) approvals totalling $3.5 m since FY2020, across 7 lenders, with a median approval of $40,000. These are approvals recorded in the release, not loans disbursed.
What is being built in Franklin Parish?
14 housing units were authorised by permit in 2024, with a declared construction value of $5.3 m. Multifamily was 0.0 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Franklin Parish?
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 Parish come from?
The largest single origin is Franklin Parish Non-migrants, with 6,348 households. Arriving households report an average income of $37,171 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 Parish 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 Parish?
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.