Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in New Franklin city, Ohio?
City · Census ACS 5-Year estimates
The median gross rent in New Franklin city, Ohio is $1,132/month (±$99), based on Census ACS 5-Year estimates (2024). The median home value is $214,300 (±$11,676), and the median household income is $90,244/year. The unemployment rate in Summit County, Ohio was 3.3% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for New Franklin city, Ohio
| Metric | Value |
|---|---|
| Median Gross Rent | $1,132 |
| Median Home Value | $214,300 |
| Median Household Income | $90,244 |
| Total Housing Units | 5,665 |
| Renter-Occupied Units | 665 |
| Renter-Occupied Share | 12% |
| Households Paying 50%+ Income | 68 households |
| Unemployment Rate(April 2026) | 3.3% |
How does New Franklin city, Ohio compare?
Median gross rent ranked against all cities in Ohio.
Higher rent than 80% of cities in Ohio · 197th of 997
| # | City | Value |
|---|---|---|
| 1 | Pepper Pike city | $3,501 |
| 2 | Glenwillow village | $3,417 |
| 3 | Terrace Park village | $3,200 |
| … 193 more … | ||
| 197 | New Franklin city(you are here) | $1,132 |
| … 797 more … | ||
| 995 | Elmore village | $398 |
| 996 | Bolton CDP | $340 |
| 997 | Wolfhurst CDP | $271 |
More data for New Franklin city, Ohio
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Frequently asked questions
What is the average rent in New Franklin city, Ohio?
The median gross rent in New Franklin city, Ohio is $1,132/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in New Franklin city, Ohio?
The median rent for a 2-bedroom in New Franklin city, Ohio is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in New Franklin city, Ohio?
The median home value in New Franklin city, Ohio is $214,300 according to Census ACS 5-Year estimates (2024).
What percentage of renters in New Franklin city are rent-burdened?
In New Franklin city, Ohio, 68 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in New Franklin city, Ohio?
The median household income in New Franklin city, Ohio is $90,244/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $1,132 has a margin of error of ±$99. In very small areas, MOEs can be large relative to the estimate.
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