Commercial Real Estate Market in Franklin, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
458 active listings and 1,063 off-market properties in Franklin, NC.
Market Trends
Franklin, NC spans 301.0 square miles in Macon County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Franklin, NC asks $192/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail space in Franklin, NC asks $300/SF to buy. Vacancy runs 5.4% across the South region in 2025, down from 7% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Industrial
Industrial vacancy in Franklin, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily vacancy in Franklin, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 59.6%
- Industrial 19.6%
- Commercial 13.2%
- Civic 4.1%
- Mixed use 3.1%
- Planned_development 0.5%
Largest Zones share of zoned land by district
Residential
Secondary Commercial
Highway Commercial
Residential
Industrial
Franklin, NC zones 7,015 acres across 16 districts. Commercial zoning covers 13.2% of zoned land, residential 59.6% and industrial 19.6%. The largest single district is Residential at 50%. For commercial buyers the practical constraint is that only 32.8% of land carries a commercial or industrial designation.
Residential (R1)
R-1 Residential 152.021 R-2 Residential 152.022 C-1 Central Commercial 152.023 C-2 Secondary Commercial 152.024 C-3 Highway Commercial 152.025 I-1 Industrial 152.026 NMU Neighborhood Mixed Use 152.027 MICR Medical Institutional Cultural Residential 152.028 EC Entry Corridor Overlay 152.029 UV Urban Village 152.030 TN Traditional Neighborhood Overlay 152.031…
Market overview
Demographics & Economy
Franklin, NC has 29,284 residents in 18,472 households. Density runs 97 people per square mile. Median household income here is $50,221 and median gross rent $779 a month.
29,284
Population
18,472
Households
1.6
Avg Household Size
49
Median Age
21%
College-Educated
90%
High-School Grad
301 sq mi
ZIP Area
97
Density / Sq Mi
$50,221
Median Household Income
$35,913
Median Earnings
$779
Median Rent
$203,700
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
What zoning applies to commercial property in Franklin?
Franklin, NC zones 7,015 acres across 16 districts, of which 13.2% is commercial and 19.6% industrial. The largest single district is Residential at 50% of zoned land. R-1 Residential 152.021 R-2 Residential 152.022 C-1 Central Commercial 152.023 C-2 Secondary Commercial 152.024 C-3 Highway Commercial 152.025 I-1 Industrial 152.026 NMU Neighborhood Mixed Use 152.027 MICR Medical Institutional Cultural Residential 152.028 EC Entry Corridor Overlay 152.029 UV Urban Village 152.030 TN Traditional Neighborhood Overlay 152.031… Residential zoning covers 59.6% and open space 0%.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, NC figures from 7 recent recorded sales, 457 active sale listings, 1 active lease listings, 1,063 tracked off-market properties, the current Franklin zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 457 active for-sale and 1 active for-lease listings in Franklin, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 7,015 zoned acres across 16 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
