New Franklin, Ohio Housing

New Franklin, Ohio has a population of 14,080, with a median household income of $70,200.

Current housing data for New Franklin.

$264,400

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Population

14,080

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Median Income

$70,200

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Unemployment

2.80%

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Housing Price

$264,400

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Crime Rate

0.20

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Internet Speed

209.70 Mbps

New Franklin is a small local community located in Ohio. The city has a population that is above the average city population in Ohio, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Situated in Ohio, New Franklin provides insight into regional population trends, income levels, and housing conditions.

Population Overview

New Franklin has a population of 14,080, which is higher than the state average. This indicates a relatively larger urban presence within Ohio.

Income and Economy

The median household income in New Franklin is $70,200, which is above the state average. This reflects stronger earning potential and economic stability.

Housing Market

Housing prices in New Franklin average around $264,400, which is relatively high compared to other cities in Ohio.

Employment and Safety

The unemployment rate in New Franklin is 2.80%, which is lower than the state average, indicating a relatively strong job market. New Franklin has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Ohio, New Franklin shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, New Franklin offers a balanced mix of economic conditions, population trends, and housing opportunities within Ohio.

Frequently Asked Questions about New Franklin

What is the population of New Franklin?

The population of New Franklin is approximately 14,080.

Is New Franklin a good place to live?

New Franklin offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in New Franklin?

The median household income in New Franklin is around $70,200.

How expensive is housing in New Franklin?

The average housing price in New Franklin is approximately $264,400.