Commercial Real Estate Market in New Franklin, OH
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
3 active listings and 198 off-market properties in New Franklin, OH.
Market Trends
New Franklin, OH spans 100.4 square miles in Stark County, Ohio. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in New 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 New 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 New 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 space in New Franklin, OH asks $113/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Market overview
Demographics & Economy
New Franklin, OH has 83,775 residents in 37,800 households. Density runs 834 people per square mile. Median household income here is $71,102 and median gross rent $906 a month.
83,775
Population
37,800
Households
2.2
Avg Household Size
45
Median Age
25%
College-Educated
93%
High-School Grad
100.4 sq mi
ZIP Area
834
Density / Sq Mi
$71,102
Median Household Income
$41,695
Median Earnings
$906
Median Rent
$174,393
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Moultrie | — | — |
| Homeworth | — | — |
| Chambersburg | — | — |
| Paris | — | — |
Commercial property in New Franklin, OH asks $387/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in New Franklin?
Commercial property in New Franklin, OH asks an average of $387 per square foot. The 5 most recent recorded sales traded at a median of $104/SF, so asking sits 272% above the achieved median. Multifamily carries the highest asking price at $113/SF.
Where does Realmo's New Franklin market data come from?
Realmo compiles New Franklin, OH figures from 5 recent recorded sales, 3 active sale listings, 198 tracked off-market properties. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 3 active for-sale and 0 active for-lease listings in New 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.
- 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
