Franklin County, Ohio Housing Market Prices
Franklin County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 61% above the Ohio median More expensive than 79% of counties in Ohio$223,791
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Median rent 26% above the Ohio median Among the 3 most expensive counties in Ohio$1,302
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Franklin County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,791 | $139,044 | $248,835 |
| Price Trend (Annual %) | 10.4% | 6.7% | 7.5% |
| Median Gross Rent | $1,302 | $1,033 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Franklin County is about 61% higher than in Ohio. Rent is about 26% higher than the Ohio average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Franklin County, up about 10.4% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Franklin County rose about 54.2% between 2015 and 2024, from $844 to $1,302. Over the same span, rent in Ohio rose about 41.7%.
Affordability
On average, housing unit costs 3.0 yearly household incomes in Franklin County.
Buying the median-priced home in Franklin County costs roughly 14.3 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County. The price-to-rent ratio in Ohio is about 11.2.
| Metric | Franklin County | Ohio Avg | US Average |
|---|---|---|---|
| Median Home Price | $223,791 | $139,044 | $248,835 |
| Median Household Income | $75,175 | $71,509 | $80,455 |
| Price-to-Income Ratio | 3.0 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Franklin County rose about 138.2%, while median household income rose about 47.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Franklin County | Ohio Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.0% | 61.7% | 58.5% |
| Rental Rate | 43.8% | 30.1% | 31.2% |
| Vacancy Rate | 7.1% | 8.1% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Franklin County has a homeownership rate of 49.0%, lower than the Ohio average of 61.7%. Its housing vacancy rate is 7.1%, compared with 8.1% in Ohio.
Housing Stock
| Metric | Franklin County | Ohio Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1978 | 1970 | 1978 |
| Median Number of Rooms | 5.3 | 5.9 | 5.5 |
The typical housing unit in Franklin County was built around 1978. On average, 2.4 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Franklin County, OH Housing Compared With Nearby Counties
Franklin County, OH is the largest of the 5 counties compared here, 1,332,477 residents against a local median of 115,388. Where Franklin County, OH breaks from the counties next to it is homeownership, sitting 31% below the local median of 76.7% at 52.8%. That is the weaker end of the local range on this measure.
Median home price tells the same story from another angle: $223,791 against a local median of $281,019, 20% below it. The counties themselves sit within 5.1% of each other on homeownership, a tighter band than the gap between any of them and Franklin County, OH, which makes it a genuine outlier here rather than one end of a wide local spread. Franklin County, OH has the 5th highest homeownership of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Franklin County, OH | 1,332,477 | $223,791 #4/5 | $1,302 #2/5 | 52.8% #5/5 |
| Delaware County, OH | 226,834 | $454,424 | $1,491 | 78.5% |
| Pickaway County, OH | 60,131 | $39,614 | $1,020 | 74.0% |
| Fairfield County, OH | 163,453 | $319,540 | $1,171 | 74.9% |
| Union County, OH | 67,322 | $242,497 | $1,246 | 79.2% |
Frequently Asked Questions
Common questions about the housing market in Franklin County, Ohio.
What is the median home price in Franklin County, Ohio?
The median home price in Franklin County, Ohio is $223,791, higher than the Ohio average of $139,044.
What is the average home price in Franklin County, Ohio?
The typical home price in Franklin County, Ohio, reported as the median sale price, is $223,791. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Franklin County, Ohio?
The median gross rent in Franklin County, Ohio is $1,302 per month, higher than the Ohio average of $1,033.
What was the median gross rent in Franklin County in 2020?
In 2020, the median gross rent in Franklin County, Ohio was $1,002 per month.
What is the price-to-rent ratio in Franklin County, Ohio?
The price-to-rent ratio in Franklin County, Ohio is about 14.3, meaning it would take roughly 14.3 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Franklin County.
Are home prices or rent rising faster in Franklin County, Ohio?
Both home prices and rent are rising in Franklin County, up about 10.4% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Franklin County, Ohio?
49.0% of households in Franklin County, Ohio own their home, lower than the Ohio average of 61.7%.
What is the vacancy rate in Franklin County, Ohio?
The housing vacancy rate in Franklin County, Ohio is 7.1%, lower than the Ohio average of 8.1%.
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