Housing in Franklin, TN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$875,000
Median List Price
$837,250
Price Per Sq Ft
$322
Days on Market
93
Active Inventory
338
Months of Supply
3.9
Seller's market
Zillow Home Value
$903,745
ZHVI — January 2026
Zillow Rent Index
$2,006
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
10.3%
Off Market in 2 Weeks
24.2%
Sale-to-List Ratio
97.1%
Buyer's market
Market Activity
Source: RedfinHomes Sold
87
New Listings
108
Pending Sales
91
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$322
Median List $/SF
$367
Franklin vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 50,000 - 100,000 residents. Franklin is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$646,300
Median Rent
$1,861
Total Housing Units
34,971
Vacancy Rate
5.2%
Owner Occupied
64.3%
Renter Occupied
35.7%
Median Property Tax
$2,923
per year
Monthly Cost (w/ Mortgage)
$2,022
Housing Types
The current median sale price in Franklin, TN is $875,000 according to Redfin data. Homes spend a median of 93 days on the market. 10.3% of homes sold above asking price. The market has 3.9 months of supply. The median price per square foot is $322. Zillow's observed rent index is $2,006/month. About 64.3% of housing units are owner-occupied. The median year homes were built is 2001. There are 34,971 total housing units.