Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 71,962 ↑ 4.9% since 2020 |
| Median Household Income | $71,386 4% below national median |
| Median Home Value | $240,900 |
| Unemployment Rate | 5.5% |
| Median Age | 40.9 years |
| Housing Vacancy Rate | 10.9% |
| Total Land Sales (Past 12 Months) | 200 transactions |
| Active Listings | 200 properties |
| Avg Days on Market | 157 days |
Rural Land Sales (1+ Acres) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $52,174 |
| Recent Sales | 76 transactions |
| Avg Days on Market | 150 days |
| Avg Parcel Size | 3.70 acres |
| Active Listings | 77 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Mar 2026 | 1.00 | $1,325,000 | $1,325,000 | Eastpoint |
| Mar 2026 | 3.32 | $100,000 | $30,139 | Carrabelle |
| Mar 2026 | 1.00 | $400 | $400 | Apalachicola |
| Mar 2026 | 1.00 | $92,500 | $92,500 | Saint George Island |
| Mar 2026 | 1.29 | $55,000 | $42,735 | Carrabelle |
| Feb 2026 | 1.00 | $450,000 | $450,000 | Eastpoint |
| Feb 2026 | 12.40 | $122,500 | $9,879 | Carrabelle |
| Feb 2026 | 1.04 | $39,000 | $37,500 | Apalachicola |
| Feb 2026 | 1.62 | $110,000 | $67,901 | Carrabelle |
| Feb 2026 | 1.00 | $28,000 | $28,000 | Carrabelle |
Suburban/Urban Land Sales (Under 1 Acre) (Feb 2026 – Mar 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $73,625 |
| Recent Sales | 124 transactions |
| Avg Days on Market | 161 days |
| Avg Parcel Size | 0.30 acres |
| Active Listings | 123 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Mar 2026 | 0.14 | $43,500 | Apalachicola |
| Mar 2026 | 0.11 | $32,000 | Lanark Village |
| Mar 2026 | 0.27 | $66,000 | Sopchoppy |
| Mar 2026 | 0.20 | $69,000 | Saint Teresa |
| Mar 2026 | 0.30 | $84,000 | Eastpoint |
| Feb 2026 | 0.21 | $140,000 | Sopchoppy |
| Feb 2026 | 0.13 | $107,500 | Carrabelle |
| Feb 2026 | 0.79 | $75,000 | Eastpoint |
| Feb 2026 | 0.46 | $10,000 | Apalachicola |
| Feb 2026 | 0.16 | $150,000 | Lanark Village |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 12,418 |
| Population (2020) | 12,451 |
| Population Growth | -0.27% |
| Median Household Income | $62,734 |
| Median Home Value | $254,300 |
| Total Housing Units | 8,476 |
| Vacant Housing Units | 3,558 |
| Housing Vacancy Rate | 42.0% |
| Median Age | 49.2 |
| Bachelor's Degree or Higher | 1,385 (11.2%) |
| Unemployment Rate | 5.5% |
Market Overview
Franklin County, Florida has a population of 12,418, which has declined 0.27% since 2020. The median household income is $62,734, below the national median of $74,580 by 15.9%. The housing vacancy rate of 42.0% suggests soft market conditions. Franklin County is part of Florida's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $52,174 per acre, with properties averaging 3.70 acres. There are currently 200 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Franklin County, Florida?
As of the 2023 American Community Survey, Franklin County has a population of 12,418. The county has declined 0.27% since the 2020 Census.
What is the median household income in Franklin County?
The median household income in Franklin County is $62,734, which is 15.9% below the national median of $74,580.
Is Franklin County growing or shrinking?
Franklin County is shrinking. The population has declined 0.27% since 2020.
What is the housing market like in Franklin County?
The median home value in Franklin County is $254,300. The housing vacancy rate is 42.0%, which suggests soft market conditions. The unemployment rate is 5.5%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $52,174 per acre. Suburban/urban lots under 1 acre have a median lot price of $73,625.
Does Reelvest buy land in Franklin County, Florida?
Yes! Reelvest Properties buys vacant land throughout Florida, including Franklin County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.