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Franklin, TN Housing

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As of 2010-2014, median price of a house in Franklin is $312,400, which is much higher than the state average of $139,900 and is much higher than the national average of $175,700. The Franklin median house value has grown by 69.32% since 2000. The growth rate for the price of a house in Franklin is higher than the state average rate of 50.43% and is higher than the national average rate of 46.91%. The median year that a house in Franklin was built is 1995, which is newer than the median year for a house built in the state which is 1981 and is newer than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 17,572 Owner Occupied Houses in Franklin, TN, #9

Franklin, TN	312,400 USD
Tennessee	139,900 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #30

Franklin, TN	69.32%
Tennessee	50.43%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Franklin, TN	Tennessee	U.S.
Total Housing Units	26,819, see rank, 100%	2,839,142	132,741,033
Occupied Housing Units	25,740, 95.98%, see rank	87.61%	87.55%
Owner Occupied	17,572, 65.52%, see rank	58.82%	56.34%
Renter Occupied	8,168, 30.46%, see rank	28.79%	31.21%
Vacant Housing Units	1,079, 4.02%, see rank	12.39%	12.45%
For Rent	233, 0.87%, see rank	2.61%	2.34%
For Sale Only	124, 0.46%, see rank	1.32%	1.20%
Rented or Sold, Not Occupied	183, 0.68%, see rank	1.07%	0.92%
For Seasonal, Recreational, or Occasional Use	185, 0.69%, see rank	2.44%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.02%	0.03%
Other Vacant	354, 1.32%, see rank	4.93%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #18

Franklin, TN	Tennessee	U.S.
1995	1981	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Franklin, TN	%	Tennessee	U.S.
Owner-Occupied Units	17,572	100%	1,669,953	74,787,460
With a Mortgage	13,603	77.41%, see rank	61.60%	65.58%
Without a Mortgage	3,969	22.59%, see rank	38.40%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Franklin, TN	1,936 USD
Tennessee	1,197 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, TN	%	Tennessee	U.S.
$299 or Less	0	0.00%, see rank	0.28%	0.20%
$300 to $499	110	0.81%, see rank	2.56%	1.59%
$500 to $699	227	1.67%, see rank	8.39%	5.01%
$700 to $999	704	5.18%, see rank	23.06%	14.32%
$1,000 to $1,499	2,905	21.36%, see rank	34.56%	27.90%
$1,500 to $1,999	3,263	23.99%, see rank	16.87%	20.35%
$2,000 to $2,999	4,954	36.42%, see rank	10.45%	19.52%
$3,000 or More	1,440	10.59%, see rank	3.83%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, TN	22.20% of the Total Income
Tennessee	22.70% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, TN	%	Tennessee	U.S.
10% or Less	1,002	7.37%, see rank	6.05%	5.86%
10% to 20%	4,714	34.65%, see rank	34.78%	31.95%
20% to 30%	4,096	30.11%, see rank	28.01%	27.64%
30% to 40%	1,552	11.41%, see rank	12.76%	13.74%
40% or More	2,194	16.13%, see rank	17.77%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Franklin, TN	505 USD
Tennessee	359 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, TN	%	Tennessee	U.S.
$199 or Less	114	2.87%, see rank	10.63%	7.76%
$200 to $299	265	6.68%, see rank	23.38%	14.70%
$300 to $499	1,554	39.15%, see rank	42.62%	34.63%
$500 to $699	1,430	36.03%, see rank	15.15%	21.16%
$700 or More	606	15.27%, see rank	8.22%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, TN	10.00% of the Total Income
Tennessee	11.00% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, TN	%	Tennessee	U.S.
10% or Less	2,023	50.97%, see rank	45.34%	40.19%
10% to 20%	1,090	27.46%, see rank	31.24%	31.47%
20% to 30%	347	8.74%, see rank	10.84%	12.24%
30% to 40%	155	3.91%, see rank	4.71%	5.64%
40% or More	354	8.92%, see rank	6.65%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Franklin, TN	Tennessee	U.S.
Total Housing Units	26,819, 100%	2,839,142	132,741,033
1-unit, Detached	17,125, 63.85%, see rank	68.74%	61.65%
1-unit, Attached	2,283, 8.51%, see rank	3.11%	5.82%
2 Units	348, 1.30%, see rank	3.00%	3.75%
3 or 4 Units	876, 3.27%, see rank	3.14%	4.43%
5 to 9 Units	1,767, 6.59%, see rank	4.62%	4.78%
10 or More Units	4,068, 15.17%, see rank	7.73%	13.08%
Mobile Home, Boat, RV, Van, etc.	352, 1.31%, see rank	9.67%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Franklin, TN	Tennessee	U.S.
Total Housing Units	26,819, 100%	2,839,142	132,741,033
1 Room	238, 0.89%, see rank	1.08%	1.95%
2 Rooms	409, 1.53%, see rank	1.43%	2.48%
3 Rooms	1,935, 7.22%, see rank	6.75%	9.13%
4 Rooms	3,245, 12.10%, see rank	16.35%	16.60%
5 Rooms	3,229, 12.04%, see rank	22.36%	20.41%
6 Rooms	3,704, 13.81%, see rank	19.26%	18.06%
7 Rooms	3,266, 12.18%, see rank	13.02%	12.27%
8 Rooms	3,210, 11.97%, see rank	8.63%	8.48%
9 Rooms or More	7,583, 28.27%, see rank	11.12%	10.60%
Median Rooms	6.70, see rank	5.60	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Franklin, TN	Tennessee	U.S.
Total Housing Units	26,819, 100%	2,839,142	132,741,033
No Bedroom	253, 0.94%, see rank	1.18%	2.17%
1 Bedroom	2,463, 9.18%, see rank	7.78%	11.16%
2 Bedrooms	6,075, 22.65%, see rank	26.67%	26.69%
3 Bedrooms	9,189, 34.26%, see rank	46.66%	39.70%
4 Bedrooms	7,580, 28.26%, see rank	14.27%	16.05%
5 or More Bedrooms	1,259, 4.69%, see rank	3.44%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Franklin, TN	Tennessee	U.S.
Total Housing Units	25,740, 100%	2,487,349	116,211,092
Utility Gas	14,813, 57.55%, see rank	33.15%	48.85%
Bottled, Tank, or LP Gas	127, 0.49%, see rank	4.33%	4.86%
Electricity	10,730, 41.69%, see rank	59.47%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	0.47%	5.86%
Coal or Coke	0, 0.00%, see rank	0.04%	0.12%
Wood	23, 0.09%, see rank	2.14%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	7, 0.03%, see rank	0.11%	0.47%
No Fuel Used	40, 0.16%, see rank	0.27%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Franklin, TN	Tennessee	U.S.
Occupied Units Paying Rent	7,802, 100%	747,962	39,201,928
$199 or Less	40, 0.51%, see rank	2.40%	1.50%
$200 to $299	125, 1.60%, see rank	4.03%	3.18%
$300 to $499	171, 2.19%, see rank	10.84%	7.37%
$500 to $699	442, 5.67%, see rank	24.36%	16.01%
$700 to $999	2,363, 30.29%, see rank	35.12%	29.17%
$1,000 to $1,499	3,177, 40.72%, see rank	18.39%	26.88%
$1,500 to $1,999	828, 10.61%, see rank	3.36%	9.79%
$2,000 or More	656, 8.41%, see rank	1.49%	6.10%
Median	$1,097, see rank	$757	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Franklin, TN	Tennessee	U.S.
Occupied Housing Units	25,740, 100%	2,487,349	116,211,092
No Vehicles Available	889, 3.45%, see rank	6.39%	9.12%
1 Vehicles Available	7,794, 30.28%, see rank	32.88%	33.80%
2 Vehicles Available	13,098, 50.89%, see rank	38.26%	37.48%
3 or More Vehicles Available	3,959, 15.38%, see rank	22.47%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.