Franklin County, Ohio Housing Market
In Franklin County, Ohio, the median home value is $288,400, with a median monthly rent of $1,302. This places Franklin County at #684 nationally out of 3134 counties by median home value, and #6 within Ohio.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,415
- Establishments: 39,102
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,829
- Multi-family: 8,665
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 551,763 (avg $90,183)
- Outflow: 548,048 (avg $91,248)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Franklin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 43137 | 217.6 | +8.92% | 2025 |
| 2 | 43227 | 247.7 | +6.71% | 2025 |
| 3 | 43219 | 257.9 | +2.51% | 2025 |
| 4 | 43232 | 241.0 | +4.93% | 2025 |
| 5 | 43224 | 264.2 | +5.20% | 2025 |
| 6 | 43125 | 241.0 | +5.28% | 2025 |
| 7 | 43229 | 255.3 | +3.19% | 2025 |
| 8 | 43215 | 245.2 | +8.14% | 2025 |
| 9 | 43064 | 243.7 | +1.73% | 2025 |
| 10 | 43230 | 252.2 | +3.57% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Franklin County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Franklin County →How Franklin County Compares
| Metric | Franklin County | Ohio Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $288,400 | $196,325 | $227,706 |
| Median Gross Rent | $1,302 | $904 | $968 |
| Owner Occupancy Rate | 52.8% | 73.7% | 73.3% |
| Price/Rent Ratio | 18.5 | 17.9 | 18.7 |
Market Analysis
The median home value in Franklin County is 46.9% above the Ohio state average and 26.7% above the U.S. national average. The median rent of $1,302/month is 44.0% above the state average.
With a price-to-rent ratio of 18.5, the buy-vs-rent decision in Franklin County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Franklin County has an owner-occupancy rate of 52.8%, compared to 73.7% in Ohio and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Scott County | Kentucky | $288,500 | $1,247 |
| Cass County | Minnesota | $288,300 | $863 |
| Washington County | Texas | $288,100 | $1,165 |
| Alachua County | Florida | $288,800 | $1,339 |
| Bartow County | Georgia | $289,000 | $1,268 |
Other Counties in Ohio
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Medina County | $287,000 | $1,143 | 80.3% |
| Fairfield County | $298,800 | $1,172 | 74.9% |
| Licking County | $275,200 | $1,078 | 73.7% |
| Holmes County | $267,700 | $816 | 79.0% |
| Clermont County | $266,200 | $1,107 | 73.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).