Franklin, TN Real Estate

According to census data in the year 2000 there were 17,214 housing units in Franklin. This represents a 96.8% growth from 8,748 in 1990.

Of those housing units, 17,083 were located in either urbanized areas or urban clusters, and 131 were located in what is classified as a rural area.

Homeownership rate in Franklin is about 63.5%. Franklin's vacancy rate, including seasonal lodging, is about 6.5%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Franklin were built after 1991.


Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom13.30%
Two Bedrooms26.20%
Three Bedrooms36.30%
Four Bedrooms20.80%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1992
Median Value of occupied units$184,500
Median Price asked for vacant units$207,900

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1988
Median Monthly Rent asked for vacant units$795

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage6.60%
Home Equity Loan11.20%
Simple Mortgage68.30%
Debt Free13.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%