Franklin Furnace, OH—45629
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Franklin Furnace, OH
As of Oct '25, the median home price in Franklin Furnace, OH is $170,000, with a year-over-year change of 7.7%. This indicates that home prices in Franklin Furnace, OH are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $170,000 | 7.7% |
| Single Family | $168,000 | 8.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $131,000 | 10.1% |
3 Bed | $190,000 | 8.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Franklin Furnace, OH
Franklin Furnace, OH lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $675 | $675 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $675 | $675 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Franklin Furnace, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Franklin Furnace, OH is 127. This is a increase of 89.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $361,000 | 110.0% |
Listing Count | 8 | 44.0% |
| Listings as % of Homes | 0.2% | 44.0% |
Days on Market | 127 | 89.0% |
Demographics — Franklin Furnace, OH
As of the latest ACS Survey released in 2023, Franklin Furnace, OH has a population of 3,130, which has increased by 9.5% over the past 5 years. Franklin Furnace, OH is a moderately popular place for families, as children make up 18.9% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,130 | 9.5% |
% Under 18 | 18.9% | 9.9% |
% Seniors | 15.5% | -18.0% |
% WFH | 6.0% | 185.7% |
% w/ College Degree | 26.1% | 128.9% |
As of the latest ACS Survey released in 2023, Franklin Furnace, OH is a predominantly white area, with 94.2% of the population identifying as white. The white population has grown by 2.4% in the last 5 years. The second most common race or ethnicity in Franklin Furnace, OH is black, making up 2.8% of the population. Foreign-born residents account for 0.2% of the population in Franklin Furnace, OH, and this percentage has increased by Inf% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 94.2% | 2.4% |
% Black | 2.8% | -39.1% |
% Hispanic | 0.3% | -70.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | ∞% |
Mortgage and Risk — Franklin Furnace, OH
According to HUD data as of 2023, there were 57 mortgage originations in Franklin Furnace, OH, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Franklin Furnace, OH. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 57 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 0.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Franklin Furnace, OH
Franklin Furnace, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $910 |
| 2 Bedroom | N/A | N/A | $1,060 |
| 3 Bedroom | $775 | $675 | $1,450 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Franklin Furnace, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $170,000 |
| Median Household Income | $61,700 |