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Franklin, TN
Full City Profile · Tennessee · Williamson County County
3.6
/5.0
B+
Good
85,575
Population
1,921/sq mi density
$115,000
Median Income
$58,094 per capita
$646,300
Home Value
$904,529 Zillow
$1,861
Median Rent
27.8% income on rent
61°F
Avg Temperature
299 sunny days/yr
165
Violent Crime/100K
1,109 property/100K
B+
Overall
3.6 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
5.0 / 5.0
$115,000 median income, 1.6% unemployment
B+
Affordability
3.5 / 5.0
$646,300 home value, $1,861/mo rent
F
Safety
1.0 / 5.0
165 violent crimes/100K
A+
Education
5.0 / 5.0
64.3% bachelor's degree or higher
Housing Overview
Median Home Value
$646,300
129% above
US avg: $281,900
Median Rent
$1,861/mo
60% above
US avg: $1,163/mo
Homeownership Rate
64.3%
2% below US avg (65.4%)
Total Housing Units
34,309
Median year built: 2000
Home Value by Source
Census Median
$646,300
Zillow (ZHVI)
$904,529
Median Sale Price
$830,000
Median List Price
$925,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.3%
Owner-Occupied
35.7%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$742/mo
1 Bedroom
$747/mo
2 Bedroom
$980/mo
3 Bedroom
$1,307/mo
4 Bedroom
$1,622/mo
Census median rent:
$1,861/mo
· Zillow rent:
$2,025/mo
Market Indicators (Redfin)
Median Days on Market
90 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
92
Price Drops
16.1%
of listings with price reduction
Price Per Sq Ft
$351
Active Inventory
373
homes for sale
Affordability & Housing Stock
Rent Burden
27.8%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
2000
Average age of housing stock: 26 years
Homeownership Rate
64.3%
Complete Housing Data
Home Values
| Census Median Value | $646,300 |
| Zillow Home Value (ZHVI) | $904,529 |
| Median Sale Price | $830,000 |
| Median List Price | $925,000 |
| Price Per Sq Ft | $351 |
Rent
| Census Median Rent | $1,861 |
| Zillow Rent (ZORI) | $2,025 |
| FMR Studio | $742 |
| FMR 1-Bedroom | $747 |
| FMR 2-Bedroom | $980 |
| FMR 3-Bedroom | $1,307 |
| FMR 4-Bedroom | $1,622 |
Market
| Days on Market | 90 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 16.1% |
| Homes Sold | 92 |
| Active Inventory | 373 |
| Price Per Sq Ft | $351 |
Ownership & Stock
| Owner-Occupied | 64.3% |
| Renter-Occupied | 35.7% |
| Homeownership Rate | 64.3% |
| Total Housing Units | 34,309 |
| Median Year Built | 2000 |
| Rent Burden | 27.8% |