Why Live in Franklin
Downtown Franklin's historic Main Street captivates visitors with its preserved Victorian architecture, locally-owned boutiques, and antique shops, earning recognition as a Great American Main Street. The beautifully restored art deco Franklin Theatre hosts movies and live performances, while The Factory at Franklin houses artisan shops and event spaces in a repurposed historic building. History buffs will appreciate Carnton, which served as a Civil War field hospital and contains the largest private Confederate cemetery, along with the Carter House and Lotz House Civil War Museum. The culinary scene features upscale establishments like Cork & Cow, known for oak and hickory wood-fired steaks, and Red Pony Restaurant's contemporary Southern cuisine.
The Franklin housing market includes diverse options across distinct neighborhoods. The median price for single-family homes varies significantly by area: Central Franklin at $1,035,000, McLemore at $1,330,000, and Carnton at $770,000. Condominiums present more affordable options, with median prices of $275,000 for one-bedroom units and $455,000 for two-bedroom units. Townhomes have a median price of $607,000.
Franklin's cost of living sits 1.7% below the national average. A family with school-age children needs an annual income of $104,000 to live comfortably, while renters should aim for $58,000. The property tax rate of 0.43% in Williamson County compares favorably to Nashville's 0.62%. The city has excellent schools, including Battle Ground Academy and Ravenwood High School, both rated A+ by Niche. Franklin's location 21 miles south of Nashville provides easy access via Interstate 65, while the Franklin Transit Authority operates fixed-route services within city limits.
Home Trends in Franklin, TN
On average, homes in Franklin, TN sell after 43 days on the market compared to the national average of 50 days. The median sale price for homes in Franklin, TN over the last 12 months is $899,900, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$899,900
Median Single Family Sale Price
$1,064,000
Median Townhouse Sale Price
$614,950
Median 2 Bedroom Sale Price
$461,250
Median 1 Bedroom Sale Price
$279,250
Average Price Per Sq Ft
$402
Number of Homes for Sale
674
Last 12 months Home Sales
2,059
Median List Price
$975,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
3%