Data through September 2026 · updated 2026-11-08 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$292,0010.0% YoY · prices are flat
Market right nowBalanced, leaning buyersMore homes for sale than last year, 30% have cut their price
Income needed to buy, per year$63,300About 0.8× the local median income ($76,578): affordable for a typical household
Days on market49 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+2.1%Zillow expects prices to rise slightly
The typical home in Franklin County, OH is worth $292,001, about the same as a year ago. That is well above what local incomes have historically supported: fair value is about $245,750, so the area is 18.8% overvalued. It is a balanced market, leaning toward buyers: homes take about 49 days to sell, listings are up 12% from a year ago, 30% of listings have had a price cut. Zillow expects prices to rise about 2.1% over the next year. A household needs about $63,300 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,578. Typical rent is $1,511 a month, or $2,089 for a house. In the latest IRS figures, 9,579 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$292,001
Change in 1 year
0.0%
Overvalued %
+18.8%
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Fair home value
$245,750
Change in 5 years
+23.1%
Zillow forecast, next 12 months
+2.1%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,582
Income needed to afford it
$63,300
Property tax rate
1.47%
Rent and investing
Typical rent
$1,511
Typical rent for houses
$2,089
Price-to-rent ratio
16.1×
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HUD Fair Market Rent, 2 bedrooms
$1,602
Gross rental yield
6.21%
Cap rate (estimate)
4.04%
Market activity
Listings vs a year ago
+12.0%
Days on market
49
Listings with a price cut
29.7%
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Homes for sale
2,892
Pending sales per 100 listings
46
Asking price per sq ft
$201
People and jobs
Median household income
$76,578
Population change (1 year)
+0.7%
Unemployment rate
4.6%
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Population
1,361,536
Income adjusted for cost of living
$80,186
Net moves in (IRS)
−9,579
Cost of living (US = 100)
95.5
Schools, risk and environment
School rating (1 to 10)
4.7
FEMA hazard risk score (0 to 100)
98.1
Unhealthy air days a year
5
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Flood risk score
98.8
Wildfire risk score
29.1
Walkability (1 to 20)
11.0
Road, rail and air noise
53 dB
Questions people ask
Is Franklin County, OH overvalued?
Home prices in Franklin County, OH are well above what local incomes have historically supported: fair value is about $245,750, so the area is 18.8% overvalued.
Is Franklin County, OH a buyer's or seller's market?
Franklin County, OH is a balanced market, leaning toward buyers: homes take about 49 days to sell, listings are up 12% from a year ago, 30% of listings have had a price cut.
Are home prices going down in Franklin County, OH?
Home values in Franklin County, OH are up 0.0% over the last year. Zillow's forecast for the next 12 months is +2.1%.
How much do you need to earn to buy a home in Franklin County, OH?
A household needs about $63,300 a year to afford the typical home in Franklin County, OH at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $76,578.