Franklin Furnace, OH
Population 1,511 · Ohio
About Franklin Furnace, OH
Franklin Furnace is a small town located in Ohio with a population of 1,511 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,306 per year, which is 20% below the national median of $75,149. The median age of 37.5 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Franklin Furnace features a median home value of $116,200, which is 53% below the national median of $244,900. This makes Franklin Furnace one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $599, 48% below the national average of $1,163/month. Of the 546 total housing units, 80% are owner-occupied (385 units) and 20% are renter-occupied (98 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Franklin Furnace shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 10.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Franklin Furnace have an average one-way commute time of 30.1 minutes.
Education & Demographics
19.5% of Franklin Furnace residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.5% White, 2.0% Hispanic or Latino, 0.1% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
How Franklin Furnace Ranks in Ohio
Cost of Living in Franklin Furnace, OH
Compared to national averages, Franklin Furnace has a median household income of $60,306 (20% below the national median of $75,149). Home values average $116,200, which is 53% below the national median. Monthly rent at $599 is 48% below the US average of $1,163. Within Ohio, Franklin Furnace's income is 16% below the state average of $71,814, and home values are 33% below the state median of $174,449.
Why Live in Franklin Furnace, OH?
Franklin Furnace offers affordable housing with a median home value of $116,200, below the US average of $244,900, and rent that’s lower than the national average at $599/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 10.1%, better than the national average.
Potential considerations include median household income ($60,306) that falls below the national average. However, Franklin Furnace’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Franklin Furnace has a population of 1,511 with a median age of 37.5 years. Compare Franklin Furnace with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Franklin Furnace
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Powhatan Point | 1,511 | $49,453 | $110,000 | Compare |
| Weston | 1,508 | $54,489 | $118,500 | Compare |
| Elmore | 1,524 | $85,474 | $155,700 | Compare |
| Glenmoor | 1,497 | $70,208 | $133,900 | Compare |
| Lake Lorelei | 1,497 | $109,427 | $267,800 | Compare |
| Brooklyn Heights | 1,492 | $92,639 | $221,800 | Compare |
| Curtice | 1,533 | $94,342 | $254,500 | Compare |
| Coldstream | 1,483 | $224,722 | $753,700 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Franklin Furnace With Other Cities
Frequently Asked Questions about Franklin Furnace
What is the population of Franklin Furnace, OH?
The population of Franklin Furnace, OH is 1,511 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Franklin Furnace?
The median household income in Franklin Furnace, OH is $60,306 per year, which is 20% below the national median of $75,149.
What is the median home value in Franklin Furnace?
The median home value in Franklin Furnace, OH is $116,200, which is 53% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Franklin Furnace?
The median monthly rent in Franklin Furnace, OH is $599, which is 48% below the national average of $1,163/month.
What is the unemployment rate in Franklin Furnace?
The unemployment rate in Franklin Furnace, OH is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Franklin Furnace, OH a good place to live?
Franklin Furnace offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,511 and a median age of 37.5, the city appeals to a broad range of residents.
How educated is Franklin Furnace, OH?
19.5% of residents in Franklin Furnace aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Franklin Furnace?
Key cost-of-living indicators for Franklin Furnace, OH: median home value is $116,200 (53% below national), median rent is $599/month, and median household income is $60,306. The home-value-to-income ratio is 1.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Franklin Furnace?
The poverty rate in Franklin Furnace, OH is 10.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Franklin Furnace, OH?
Franklin Furnace's population is 0.5% White, 2.0% Hispanic or Latino, 0.1% Black or African American, 0.0% Asian, and 5.9% two or more races. 0.5% of residents are foreign-born.