New Franklin

Located in Summit County, New Franklin is a Ohio community of 13,830 residents with a housing stock of 5,912 units. Ownership is the dominant tenure here, with 87.1 percent of occupied units owner-occupied, well above national norms. Renters who do lease pay a median gross rent of $1,101 per month. The local economy sends most workers out into the broader region each day, with an average commute of 22.2 minutes and only 1.2 percent of the workforce working from home, suggesting residents are largely employed off-site in nearby employment centers. The median household income of $88,306 reflects a working population with solid earnings. The combination of high ownership rates and a relatively compact housing inventory points to a community where established residents have put down roots over time, keeping turnover modest and the residential character stable. Those drawn to owner-occupied neighborhoods with reasonable commute times to the greater Akron area will find New Franklin worth considering.

Market description generated from current MLS and U.S. Census data.