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New Franklin, Ohio Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

During the 2020–2024 ACS period, New Franklin, Ohio had a total population of 13,843, the 128th largest city in Ohio, with a median household income of $90,244, which is 26% higher than the state average. The poverty rate is 6.1%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

New Franklin Quick Facts

Population 13,843
Median Household Income $90,244
Median Home Value $214,300
Poverty Rate 6.1%
Unemployment Rate 4.0%
Median Age 47.9 years
Homeownership Rate 88.3%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 24.7%
High School Graduation Rate 96.5%
Diversity Index 12/100
Population 13,843 128th of 1,264
Median Income $90,244 top 30%
Poverty Rate 6.1% 51% lower than national
Median Home Value $214,300 top 30%

How New Franklin Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population13,83013,843+0.1%
Median household income$88,306$90,244+2.2%
Median home value$196,600$214,300+9.0%

How New Franklin Compares

Economy & Housing

Household Income Distribution

Under $25K 6.4%
$25K-$50K 19.4%
$50K-$100K 29.7%
$100K+ 44.5%
Detailed income brackets
Under $10K
1.5%
$10K-$15K
3.2%
$15K-$20K
1.0%
$20K-$25K
0.8%
$25K-$30K
2.5%
$30K-$35K
2.2%
$35K-$40K
3.5%
$40K-$45K
5.4%
$45K-$50K
5.7%
$50K-$60K
5.0%
$60K-$75K
8.6%
$75K-$100K
16.2%
$100K-$125K
12.5%
$125K-$150K
8.1%
$150K-$200K
15.4%
$200K+
8.5%

Employment

4.0% Unemployment Rate State: 4.8%|National: 5.2%
64.7% Labor Force Participation

Housing Overview

Owner 88.3%
Renter 11.7%
Affordability Index Very Affordable
2.4x home value to income ratio
Median gross rent $1,132/mo 15.1% of median household income annually

People & Demographics

Diversity Index

12out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 41 | National average: 61

Education

New Franklin Rankings in Ohio

#128 Population of 1,264
#245 Median Income of 1,191
#422 Education of 1,264
#313 Home Value of 1,206

Other Cities in Summit County

CityPopulationMedian IncomePovertyHome Value
Akron 189,247 $48,076 23.3% $122,000
Cuyahoga Falls 50,909 $72,705 10.5% $183,300
Stow 34,240 $93,727 5.2% $248,000
Green 27,393 $95,047 7.1% $280,200
Barberton 24,844 $52,267 15.6% $135,200
Hudson 23,039 $171,427 3.7% $466,500
Twinsburg 19,410 $99,144 4.2% $318,800
Tallmadge 18,335 $89,410 5.0% $232,500
Macedonia 12,152 $101,285 4.1% $308,500
Norton 11,524 $90,464 6.1% $200,800

Cities Similar to New Franklin

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Lyndhurst13,801$91,238$212,20058.9%4.7%
Clayton13,277$92,879$208,20035.8%7.0%
Maumee13,715$80,833$194,50038.3%4.9%
University Heights13,394$96,971$242,70067.5%11.1%
Loveland13,197$94,323$321,30050.2%7.8%

Population Overview

New Franklin is a small city located in Ohio, within Summit County. The total population is 13,843. It ranks as the 128th most populous out of 1,264 Census-designated places in Ohio.

Age Demographics

The median age in New Franklin is 47.9 years. This is 21% higher than the state median of 39.7 years.

Economy, Income & Housing

The median household income in New Franklin is $90,244. This is 26% higher than the state median of $71,389. It is also 12% higher than the national median of $80,734. The poverty rate stands at 6.1%. This is 54% lower than the state poverty rate of 13.3%. The unemployment rate is 4.0%. This is 16% lower than the state rate of 4.8%. The median home value is $214,300. Housing costs are about the same as the state median of $214,800. With a home-value-to-income ratio of just 2.4x, New Franklin is one of the most affordable housing markets in the area. 88.3% of occupied housing units are owner-occupied. This homeownership rate is 31% higher than the state average of 67.2%.

Race & Ethnicity

New Franklin has a predominantly White (non-Hispanic) population, comprising 93.6% of all residents. Hispanic or Latino residents account for 1.1%. The Black or African American population (0.5%) is well below the state average of 12.0%. The Hispanic or Latino population (1.1%) is well below the state average of 4.8%. The Asian population (0.3%) is well below the state average of 2.5%.

Education

24.7% of residents aged 25 and older hold a bachelor's degree or higher. This is 22% lower than the state rate of 31.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.5%.

Data Sources & Methodology

All demographic data for New Franklin, Ohio is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Ohio state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,264 Census-designated places in Ohio. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of New Franklin, Ohio?

New Franklin, Ohio has a population of 13,843 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in New Franklin, OH?

The median household income in New Franklin is $90,244, which is 12% higher than the national median of $80,734.

What is the poverty rate in New Franklin, OH?

The poverty rate in New Franklin is 6.1%. This means approximately 837 residents live below the federal poverty line.

What is the racial makeup of New Franklin, Ohio?

New Franklin's population is 93.6% White, 0.5% Black, 1.1% Hispanic/Latino, and 0.3% Asian.

What is the median home value in New Franklin, OH?

The median home value in New Franklin is $214,300. The home-value-to-income ratio is 2.4x.

How educated is New Franklin, Ohio?

24.7% of adults (25+) in New Franklin hold a bachelor's degree or higher, and 9.0% hold a graduate or professional degree.