Commercial Real Estate Market in Franklin, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
36 active listings and 894 off-market properties in Franklin, OH.
Market Trends
Franklin, OH spans 36.6 square miles in Warren County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Franklin, OH runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Franklin, OH runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Franklin, OH runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily vacancy in Franklin, OH runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 43.8%
- Industrial 21.5%
- Civic 11.8%
- Commercial 10.2%
- Open space 6.7%
- Mixed use 4%
- Agricultural 2.1%
Largest Zones share of zoned land by district
Estate Residential
General Industrial
Office And Institutional
Suburban Residential
Light Industrial
Franklin, OH zones 6,106 acres across 22 districts. Commercial zoning covers 10.2% of zoned land, residential 43.8%, open space 6.7% and industrial 21.5%. The largest single district is Estate Residential at 21.2%. For commercial buyers the practical constraint is that only 31.8% of land carries a commercial or industrial designation.
Estate Residential (R-1A)
R-1A: Estate Residential District: The intent of the Estate Residential District is to provide spaces for the lowest density, single-family residential uses, with an average density of three dwelling units or less for every one acre of land.
Market overview
Demographics & Economy
Franklin, OH has 31,577 residents in 13,458 households. Density runs 862 people per square mile. Median household income here is $74,239 and median gross rent $1,005 a month.
31,577
Population
13,458
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
90%
High-School Grad
36.6 sq mi
ZIP Area
862
Density / Sq Mi
$74,239
Median Household Income
$44,082
Median Earnings
$1,005
Median Rent
$201,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Carlisle | — | — |
| Springboro | — | — |
| Middletown | — | — |
| Miamisburg | — | — |
Frequently Asked Questions
What zoning applies to commercial property in Franklin?
Franklin, OH zones 6,106 acres across 22 districts, of which 10.2% is commercial and 21.5% industrial. The largest single district is Estate Residential at 21.2% of zoned land. R-1A: Estate Residential District: The intent of the Estate Residential District is to provide spaces for the lowest density, single-family residential uses, with an average density of three dwelling units or less for every one acre of land. Residential zoning covers 43.8% and open space 6.7%.
Where does Realmo's Franklin market data come from?
Realmo compiles Franklin, OH figures from 7 recent recorded sales, 26 active sale listings, 10 active lease listings, 894 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 26 active for-sale and 10 active for-lease listings in Franklin, OH. 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: 6,106 zoned acres across 22 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 Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest 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
