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) | 137 transactions |
| Active Listings | 53 properties |
| Avg Days on Market | 530 days |
Rural Land Sales (1+ Acres) (Oct 2025 – Jan 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $18,006 |
| Recent Sales | 87 transactions |
| Avg Days on Market | 528 days |
| Avg Parcel Size | 25.80 acres |
| Active Listings | 37 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Location |
|---|---|---|---|---|
| Jan 2026 | 15.21 | $85,000 | $5,588 | Frankfort |
| Jan 2026 | 5.00 | $159,000 | $31,800 | Frankfort |
| Jan 2026 | 4.10 | $225,000 | $54,878 | Frankfort |
| Dec 2025 | 1.78 | $110,000 | $61,666 | Frankfort |
| Dec 2025 | 1.86 | $105,000 | $56,409 | Frankfort |
| Dec 2025 | 5.25 | $300,000 | $57,143 | Frankfort |
| Dec 2025 | 1.14 | $125,000 | $109,649 | Frankfort |
| Dec 2025 | 1.12 | $125,000 | $111,607 | Frankfort |
| Nov 2025 | 1.51 | $37,000 | $24,503 | Frankfort |
| Oct 2025 | 35.50 | $139,900 | $3,941 | Frankfort |
Suburban/Urban Land Sales (Under 1 Acre) (Nov 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $27,625 |
| Recent Sales | 50 transactions |
| Avg Days on Market | 533 days |
| Avg Parcel Size | 0.40 acres |
| Active Listings | 16 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Location |
|---|---|---|---|
| Feb 2026 | 0.69 | $85,000 | Frankfort |
| Feb 2026 | 0.15 | $45,000 | Frankfort |
| Feb 2026 | 0.15 | $15,870 | Frankfort |
| Feb 2026 | 0.33 | $22,570 | Shelbyville |
| Jan 2026 | 0.21 | $55,000 | Frankfort |
| Jan 2026 | 0.21 | $55,000 | Frankfort |
| Jan 2026 | 0.25 | $20,000 | Frankfort |
| Dec 2025 | 0.21 | $60,000 | Frankfort |
| Dec 2025 | 0.27 | $20,000 | Frankfort |
| Nov 2025 | 0.91 | $119,900 | Frankfort |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 51,563 |
| Population (2020) | 51,541 |
| Population Growth | 0.04% |
| Median Household Income | $66,470 |
| Median Home Value | $198,700 |
| Total Housing Units | 24,082 |
| Vacant Housing Units | 1,534 |
| Housing Vacancy Rate | 6.4% |
| Median Age | 40.6 |
| Bachelor's Degree or Higher | 6,690 (13.0%) |
| Unemployment Rate | 5.5% |
Market Overview
Franklin County, Kentucky has a population of 51,563, which has grown 0.04% since 2020. The median household income is $66,470, below the national median of $74,580 by 10.9%. The housing vacancy rate of 6.4% suggests tight market conditions. Franklin County remains a key area for land acquisition in Kentucky. Recent rural land sales show a median price of $18,006 per acre, with properties averaging 25.80 acres. There are currently 53 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Franklin County, Kentucky?
As of the 2023 American Community Survey, Franklin County has a population of 51,563. The county has grown 0.04% since the 2020 Census, indicating a growing community.
What is the median household income in Franklin County?
The median household income in Franklin County is $66,470, which is 10.9% below the national median of $74,580.
Is Franklin County growing or shrinking?
Franklin County is growing. The population has increased 0.04% since 2020.
What is the housing market like in Franklin County?
The median home value in Franklin County is $198,700. The housing vacancy rate is 6.4%, which suggests tight market conditions. The unemployment rate is 5.5%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $18,006 per acre. Suburban/urban lots under 1 acre have a median lot price of $27,625.
Does Reelvest buy land in Franklin County, Kentucky?
Yes! Reelvest Properties buys vacant land throughout Kentucky, 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.