Is Franklin County, OH good for real estate investing?

Franklin County has an investment score of 59/100, rated as "Hold". The county ranks #543 nationally among 1000 counties analyzed.

What is the rent-to-price ratio in Franklin?

The rent-to-price ratio in Franklin County is 6.15% annually, which ranks in the 55th percentile nationally. Higher ratios indicate better cash flow potential.

What is the median home price in Franklin?

The median home price in Franklin County is $288,459. This ranks #545 in affordability among all US counties.

Can you cash flow on rental properties in Franklin?

Based on median values with 20% down at current rates, a typical rental in Franklin County would generate negative cash flow of $551/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Franklin County

OhioPopulation: 1,318,149

/100

Hold

#543 of 1,000 counties

#81 in Ohio (88 counties)

Market Snapshot

$288,459

Median Home Price

5% above national median

$1,478/mo

Median Rent

1% below national median

6.15%

Rent-to-Price Ratio

Top 45% nationally

-$551

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$288,459

Down Payment (20%)$57,692

Loan Amount$230,767

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,478

Monthly P&I-$1,512

Est. Expenses (35%)-$517

Net Cash Flow-$551/mo

4.0%

Cap Rate (all cash)

-10.0%

Cash-on-Cash Return

6.15%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

59/100

Cash Flow(30%)

61/100

Based on 6.15% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

59/100

Based on 0.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

69/100

Price-to-income ratio of 4.1x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Complete rent data available

Challenges

-Negative cash flow at typical financing (-$551/mo)
-Negative leverage (cap rate 4.0% < mortgage rate 6.9%)

Economic Indicators

Population

1,318,149

Median Income

$71,070

vs $62,400 national est.

Unemployment Rate

—

Data pending

Price-to-Income

4.1x

Moderately affordable

Compare to Nearby Counties

County					Verdict
AshlandOH	61	$232,439	$903	4.66%	Buy	View
LickingOH	60	$327,794	$1,630	5.97%	Buy	View
PickawayOH	60	$318,045	$1,404	5.30%	Buy	View
CurrentFranklinOH	59	$288,459	$1,478	6.15%	Hold
UnionOH	57	$401,002	$1,534	4.59%	Hold	View
OttawaOH	57	$265,986	Est. pending	—	Hold	View

The Bottom Line

HoldFranklin is a neutral market. Consider house hacking or targeting below-market deals.

Franklin County in Ohio scores 59/100, ranking #543 of 1,000 US counties (top 54%). The 6.15% rent-to-price ratio indicates moderate cash flow potential. Current market conditions make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or all-cash purchases.

Monthly Cash Flow

$-551/mo

Cap Rate

4.0%

Cash-on-Cash

-10.0%

Ready to Analyze a Deal in Franklin?

Use our investment calculators to run detailed numbers on specific properties.

Single Family1-4 unit rentals, BRRRR House HackOwner-occupied strategy Multifamily5+ unit properties

Explore Other Markets

Quick Investment Calculator

Down Payment20%

5%50%100%

Purchase

Purchase Price$288,459

Down Payment (20%)$57,692

Loan Amount$230,767

Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,478

Monthly P&I-$1,512

Est. Expenses (35%)-$517

Net Cash Flow-$551/mo

4.0%

Cap Rate (all cash)

-10.0%

Cash-on-Cash Return

6.15%

Rent-to-Price Ratio

Negative leverage: At 6.85% rates, borrowing costs exceed the 4.0% cap rate. All-cash buyers may see better returns.

* Based on county median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Actual results vary by property.

Run Full Analysis Try House Hack Strategy

Score Breakdown

Overall Investment Score

59/100

Cash Flow(30%)

61/100

Based on 6.15% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)

59/100

Based on 0.9% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

69/100

Price-to-income ratio of 4.1x. Lower ratios indicate more affordable markets.

County

Verdict

AshlandOH

$232,439

$903

4.66%

Buy

View

LickingOH

$327,794

$1,630

5.97%

Buy

View

PickawayOH

$318,045

$1,404

5.30%

Buy

View

CurrentFranklinOH

$288,459

$1,478

6.15%

Hold

UnionOH

$401,002

$1,534

4.59%

Hold

View

OttawaOH

$265,986

Est. pending

—

Hold

View

The Bottom Line

HoldFranklin is a neutral market. Consider house hacking or targeting below-market deals.

Monthly Cash Flow

$-551/mo

Cap Rate

4.0%

Cash-on-Cash

-10.0%