Franklin County, Ohio: commercial real estate data.
Franklin County, Ohio has a population of 1,333,048 across 532 square miles, up 2.5 percent since the 2020 census base. County output reached $141.97 bn in 2024, 30,700 establishments operate here, and the SBA record carries 3,035 7(a) approvals worth $1.01 bn.
129 sourced county values · tier FULL · 12 sections
Franklin County
How many people live in Franklin County
- Population1,333,048
- Households553,099
- Average household size2.41
- Median household income$75,176
- Median age34.8
- Median gross rent$1,302 per month
- Median owner-occupied home value$288,400
- Home value to household income3.8 times
- Annual rent as a share of median income20.8 percent
- Adults 25 and over with a bachelor degree or higher42.1 percent
- Adults 25 and over with a graduate degree16.3 percent
- Adults 25 and over896,440
- Population under 18310,110
- Share under 1823.3 percent
- Population 65 and over173,679
- Share 65 and over13.0 percent
- Working age population, 18 to 64849,259
- Civilian labor force732,687
- Unemployment rate4.6 percent
- Labor force participation, adults 18 and over71.6 percent
- Rank by population among Ohio counties1st of 88
- Rank by population among US county-equivalents31st
Franklin County is the 1st largest of 88 Ohio counties by population. A median home costs 3.8 times median household income, which is an affordable ownership market by national standards. Residents under 18 outnumber those 65 and over, at 23.3 percent against 13.0 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 base2.45 percent
- Census 2020 base population1,323,819
- Births, 202417,244
- Deaths, 202410,087
- Natural change, 20247,157
- Net domestic migration, 2024-9,974
- Net international migration, 202420,257
- Total net migration, 202410,283
- Cumulative net domestic migration, 2021 to 2024-45,536
- Rank by growth among US county-equivalents1020th
The county has grown 2.45 percent since the 2020 census base. Migration contributed more to 2024 change than births over deaths, so demand here follows people arriving rather than families forming.
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 arriving31,142
- People arriving, from those returns47,934
- Adjusted gross income arriving$2.06 bn
- Net adjusted gross income movement$0
- Average income of an arriving household$66,058
- Largest single originFranklin County Non-migrants (515,995 households)
- Largest single destination (515,995 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County Non-migrants | 515,995 | 973,001 | $47.49 bn |
| Other flows - Different State | 4,626 | 7,554 | $277.9 m |
| Delaware County | 2,734 | 4,003 | $214.4 m |
| Other flows - South | 2,163 | 3,511 | $123.4 m |
| Fairfield County | 2,059 | 3,412 | $104.7 m |
| Licking County | 1,486 | 2,323 | $79.0 m |
| Other flows - Midwest | 1,066 | 1,744 | $58.0 m |
| Cuyahoga County | 929 | 1,275 | $55.1 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$141.97 bn
- County GDP, 2023$134.48 bn
- GDP change, 2023 to 20245.6 percent
- GDP change over five years33.9 percent
- Rank by GDP among Ohio counties1st
- Rank by GDP among US county-equivalents33rd
- GDP per resident$106,502
Output grew 5.6 percent in the latest year and 33.9 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 average779,560
- Establishments reporting40,020
- Average annual pay$73,180
- Average weekly wage$1,407
- Sector 62, employment122,964
- Sector 62, average annual pay$60,226
- Sector 44-45, employment67,186
- Sector 44-45, average annual pay$42,868
- Sector 72, employment63,348
- Sector 72, average annual pay$27,426
- Sector 54, employment51,849
- Sector 54, average annual pay$107,419
- Sector 48-49, employment49,479
- Sector 56, employment48,217
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 62 | 122,964 | 4,920 | $60,226 |
| Sector 44-45 | 67,186 | 3,866 | $42,868 |
| Sector 72 | 63,348 | 3,436 | $27,426 |
| Sector 54 | 51,849 | 6,824 | $107,419 |
| Sector 48-49 | 49,479 | 1,444 | $75,308 |
| Sector 56 | 48,217 | 2,428 | $49,685 |
| Sector 52 | 41,453 | 2,321 | $113,219 |
| Sector 31-33 | 36,600 | 1,064 | $79,770 |
The largest sector is the biggest private employer group at 122,964 jobs, 15.8 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 industries30,700
- Employment at those establishments695,387
- Annual payroll$44.31 bn
- Establishments per 1,000 residents23.0
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 County
What is being built in Franklin County
- Housing units authorised by permit, 20248,122
- Declared construction value permitted$1.56 bn
- Single family units authorised2,013
- Multifamily units authorised6,109
- Multifamily share of units75.2 percent
- Average declared value per unit$192,587
- Units authorised per 1,000 households14.7
Multifamily is 75.2 percent of units authorised, so the pipeline is being built for renters rather than buyers.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
How much SBA lending happens in Franklin County
- 7(a) approvals recorded3,035
- 7(a) gross approval dollars$1.01 bn
- Average 7(a) approval$333,253
- Median 7(a) approval$100,000
- 10th percentile approval$25,000
- 90th percentile approval$766,000
- Largest single approval$5,000,000
- Jobs reported supported, 7(a)31,241
- Jobs per approval10.3
- Distinct 7(a) lenders active121
- Distinct industries receiving approvals415
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer6.8 percent
- Loans on real estate terms205
- Loans on working capital terms, 120 months or shorter2,733
- Franchise loans315
- Franchise share of approvals10.4 percent
- Leading industry by approval countFull-Service Restaurants (138)
- Most active lenderThe Huntington National Bank (1,595)
- 504 approvals recorded464
- 504 gross approval dollars$296.4 m
- Average 504 approval$638,875
- Median 504 approval$401,000
- Distinct CDCs active9
- 504 jobs per approval8.3
- 504 jobs per million dollars approved13.0
- Most active CDCCommunity Capital Development Corporation (215)
- 7(a) share of SBA approvals86.7 percent
- Combined SBA approval dollars$1.31 bn
The average approval of $333,253 sits well above the median of $100,000, 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 6.8 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 recorded609
- Paid in full541
- Charged off68
- Charge off rate on resolved loans11.2 percent
- Status: Paid in full541
- Status: Exempt from disclosure1,906
- Status: Cancelled363
- Status: Charged off68
- Status: Committed, not yet disbursed157
| NAICS | Industry | Resolved loans | Charged off | Charge off rate |
|---|---|---|---|---|
| 484121 | General Freight Trucking, Long-Distance, Truckload | 26 | 5 | 19.2% |
| 484110 | General Freight Trucking, Local | 20 | 3 | 15.0% |
| 722511 | Full-Service Restaurants | 18 | 4 | 22.2% |
| 621610 | Home Health Care Services | 16 | 0 | 0.0% |
| 812112 | Beauty Salons | 14 | 5 | 35.7% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 11 | 2 | 18.2% |
| 561730 | Landscaping Services | 11 | 0 | 0.0% |
| 722513 | Limited-Service Restaurants | 11 | 0 | 0.0% |
Of the 609 loans that have reached a final outcome, 11.2 percent were charged off. This is computed only over resolved loans, because a loan still running has not yet succeeded or failed and counting it either way would be wrong. Among industries with at least ten resolved loans, Beauty Salons carries the highest charge off rate at 35.7 percent.
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 lending47
- Columbus, approvals1,811
- DUBLIN, approvals209
- WESTERVILLE, approvals158
- Hilliard, approvals152
- Grove City, approvals145
- REYNOLDSBURG, approvals93
| Place | Approvals | Gross approval dollars |
|---|---|---|
| Columbus | 1,811 | $598,902,900 |
| DUBLIN | 209 | $63,601,300 |
| WESTERVILLE | 158 | $52,796,800 |
| Hilliard | 152 | $58,600,000 |
| Grove City | 145 | $33,246,300 |
| REYNOLDSBURG | 93 | $45,545,600 |
| Gahanna | 72 | $21,099,000 |
| NEW ALBANY | 69 | $28,255,700 |
Columbus accounts for 1,811 approvals against 209 in DUBLIN. 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 area532 sq mi
- Rank by land area among Ohio counties19th of 88
- Width, east to west26.1 mi
- Height, north to south24 mi
- Geographies sharing a boundary6
- Residents per square mile of land2,506
- Establishments per square mile57.71
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 greater than 4 pCi/LZone 1
- Communities in the NFIP Community Status Book25
- Of those, participating in the NFIP23
- NFIP participation rate92.0 percent
- Best Community Rating System class in the county A lower CRS class is a larger flood insurance premium discount.Class 10
- Communities carrying a CRS class1
The EPA places the county in radon zone 1, a predicted average indoor radon screening level greater than 4 pCi/L. The best Community Rating System class in the county is 10, 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.
- Population1,333,048
- Households553,099
- Average household size2.41
- Median household income$75,176
- Median age34.8
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Ohio?
1,333,048, in 553,099 households, ranking 1st of 88 Ohio counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County growing?
The population has grown 2.45 percent since the 2020 census base. In 2024 there were 17,244 births against 10,087 deaths, with net migration of 10,283. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$75,176. The median owner-occupied home is valued at $288,400, which is 3.8 times income, and median gross rent is $1,302 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin County?
30,700 establishments, employing 695,387 people with an annual payroll of $44.31 bn. 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 $73,180, or $1,407 a week, across 779,560 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?
3,035 7(a) approvals totalling $1.01 bn since FY2020, across 121 lenders, with a median approval of $100,000, plus 464 504 approvals worth $296.4 m. These are approvals recorded in the release, not loans disbursed.
Do SBA loans in Franklin County get paid back?
Of the 609 loans that have reached a final outcome, 541 were paid in full and 68 charged off, a charge off rate of 11.2 percent. Loans still running are excluded, because they have not yet succeeded or failed.
What is being built in Franklin County?
8,122 housing units were authorised by permit in 2024, with a declared construction value of $1.56 bn. Multifamily was 75.2 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 515,995 households. Arriving households report an average income of $66,058 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.