Ohio · Census place 54562
New Franklin city, OH
Quick answer
New Franklin city has 13,830 residents, ranking #131 of 1265 places in Ohio. Median household income is $88,306, the median home is worth $196,600 and median gross rent runs $1,101 a month.
- Population
- 13,830New Franklin city residents
- Median household income
- $88,306Past 12 months, inflation adjusted
- Median home value
- $196,600Owner-occupied units
- Median gross rent
- $1,101Rent plus utilities, monthly
- Median age
- 47.5 yrsAll residents
- Homeownership rate
- 87.1%Owner-occupied households
What the numbers mean in New Franklin city
Housing cost measured against local earnings.
A household earning the New Franklin city median would spend about 15% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.2% of residents and 87.1% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Ohio.
- Lyndhurst city 13,854
- Beachwood city 13,850
- Bridgetown CDP 13,830
- Maumee city 13,765
- East Cleveland city 13,666
- Brecksville city 13,656
- Warrensville Heights city 13,585
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