Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin area can be challenging. Home prices in Franklin are now at a median cost of $523,521, higher than the Tennessee average of $218,916.
The average cost of rent is $1,842/mo in Franklin, primarily driven by the current value of real estate in the Franklin area. While nearly 29.12% of residents own their homes outright in Franklin, 21.55% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin is $10,556 per month. Households that rent pay about 17.45% of their income on rent here. Franklin's most expensive areas are in the southern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Douglas, TN: higher priced homes
- Brentwood, TN: higher priced homes
- Bingham, TN: higher priced homes
- Rudderville, TN: higher priced homes
- Peytonsville, TN: equally priced homes
- Forest Hills, TN: higher priced homes
- Leipers Fork, TN: less expensive homes
- Nolensville, TN: equally priced homes
- Oak Hill, TN: higher priced homes
- Kingfield, TN: equally priced homes
Cities with Similar Populations
- San Angelo, TX: less expensive homes
- San Marcos, TX: less expensive homes
- Seattle, WA: equally priced homes
- San Mateo, CA: higher priced homes
- San Bernardino, CA: less expensive homes
- Silver Spring, MD: less expensive homes
- Santa Rosa, CA: higher priced homes
- San Diego, CA: higher priced homes
- San Antonio, TX: less expensive homes
- Schenectady, NY: less expensive homes
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