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Featured local agent — Franklin, OH
Sarah Mitchell
Compass Real Estate · Franklin, OH
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Franklin, OH Housing Market & Real Estate
Housing market overview · Updated monthly ·
$175,200median sale price
How is the Franklin, OH housing market right now?
The median home sale price in Franklin, OH is $175,200, down 42.4% year-over-year. Homes sell in an average of 44 days with 24 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Franklin a buyer's or seller's market?
Franklin, OH is currently a seller's market, based on 2.4 months of supply and homes selling in about 44 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
44
Average pace
Active listings
24
2.4 months supply
Sale-to-list
98.3%
Below asking
What does the Franklin housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $175,200 |
| Median list price | $272,250 |
| Year-over-year price change | -42.4% |
| Average days on market | 44 days |
| Active inventory | 24 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 98.3% |
| Median price per sq ft | $179/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 18 |
| Listings with a price cut | 16.7% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Franklin by property type?
How the Franklin, OH market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $175,200 | $179/sq ft | 10 | 44 days |
| Townhouse | $270,000 | $137/sq ft | 1 | 2 days |
Source: Redfin · Updated monthly
The Franklin housing market is currently classified as a seller's market with a median sale price of $175,200. Prices have fallen 42.4% compared to last year, with homes spending an average of 44 days on market, indicating 2.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Franklin
There are currently 24 homes listed for sale in Franklin, Ohio. The median listing price is $272K.
Active listings
24
Homes on market
Median list price
$272K
Avg. days on market
44
Days until sale
New this week
18
Newly listed
Who lives in Franklin?
Population
11,670
Median income
$58,134/yr
Median age
35.2 years
Owner-occupied
60.3%
College grads
14.3%
Avg commute
22.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Franklin?
Zillow home value
$271,467
Zillow rent index
$1,259/mo
Price-to-rent ratio
18.0x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Franklin?
Franklin is a community of approximately 12K residents with a median age of 35.2 years.The median household income is $58,134, which represents a working-class community with solid middle-income opportunities. 14.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.3%, showing a blend of owner and renter-occupied properties. The average commute time is 22.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Franklin offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Franklin?
7 schools tracked · 2,594 students
The largest public schools serving Franklin, OH by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Franklin High School
Grades 8-12 · 679 students
Franklin Junior High School
Grades 7-8 · 401 students
Hunter Elementary School
Grades K-6 · 399 students
George H Gerke Elementary School
Grades K-6 · 322 students
Anthony Wayne Elementary School
Grades K-6 · 299 students
Pennyroyal Elementary School
Grades K-6 · 290 students
William C Schenck Elementary School
Grades K-6 · 204 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Franklin, OH?
Want a head-to-head view? Compare Franklin side-by-side with any other U.S. city using our market-comparison tool.
Is Franklin a good real estate investment market?
For investors evaluating Franklin, the price-to-rent ratio of 18.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 42.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Franklin's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Franklin's median home price.
Frequently asked questions
What is the average home price in Franklin?
The median home sale price in Franklin is $175,200, down 42.4% from last year.
How long do homes stay on market in Franklin?
Homes typically spend 44 days on market before going under contract.
What is the median income in Franklin?
The median household income is $58,134 per year.
Is Franklin a buyer's or seller's market?
With 2.4 months of supply, Franklin is currently a seller's market.
What is the Zillow home value estimate for Franklin?
The Zillow Home Value Index (ZHVI) for Franklin is $271,467, representing the typical home value in the area.
How much does a single-family home cost in Franklin?
The median single-family home price in Franklin, OH is $175,200 (about $179 per square foot).
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