Median Age
40 Years
Largest Age Group
30-39 Years
Approximately 14% of Residents
Under 20
24%
Over 65
19%
Area Guide
Avg Rent
$997
Population
12,030
Renter Mix
43% Rent
Franklin sits along the Great Miami River, tucked between Dayton and Cincinnati in a spot that gives residents genuine access to two major metros without the noise or pace of either. Founded in 1796 by General William C. Schenck and named for Benjamin Franklin, the city carries its history proudly, especially along Main Street, where historic storefronts house local businesses in a compact downtown that feels lived-in and real. Neighborhoods here are largely residential and spread across roughly ten square miles, offering a quieter pace with a strong sense of community identity.
The rental market in Franklin leans toward traditional housing stock, with single-family rentals and modest apartment communities making up much of the inventory. Renters can also find updated units in smaller complexes and select townhome-style options throughout the city. Miami University Middletown is just a short drive away, adding an educational presence to the region. Interstate 75 runs along the city's eastern edge, putting commuters within comfortable reach of both Dayton and Cincinnati for work or weekend plans. Franklin keeps things grounded, offering a no-frills, close-knit setting with more within reach than its size might suggest.
Median Household Income
$58,598
Average: $72,781
Education
1,498
Residents Have a Degree
Job Market
5,715
Workers Employed
Median Age
40 Years
Largest Age Group
30-39 Years
Approximately 14% of Residents
Under 20
24%
Over 65
19%
Housing Distribution
Franklin has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
As of June 2026, the average apartment rent in Franklin, OH is $670 for a studio, $992 for one bedroom, $1,058 for two bedrooms, and $1,575 for three bedrooms. Apartment rent in Franklin has increased by 2.3% in the past year.
Explore how walkable, bikeable, drivable, and transit-friendly Franklin, OH is for everyday living.
Somewhat Walkable
Walkability
Exceptionally Drivable
Drivability
Fairly Bikeable
Bikeability
Anthony Wayne Elementary School
Public
Grades K-5
295 Students
Public
Grades K-5
294 Students
George H Gerke Elementary School
Public
Grades K-8
244 Students
Public
Grades K-5
220 Students
William C Schenck Elementary School
Public
Grades K-5
214 Students
Public
Grades 6-12
627 Students
Public
Grades 6-8
617 Students
George H Gerke Elementary School
Public
Grades K-8
244 Students
Public
Grades 6-12
627 Students
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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© 2026. All rights reserved.
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.