Franklin housing market: median home price and forecast
Franklin home prices: Franklin, Tennessee's typical home was worth $913,277 as of September 2026, some 3.0% above the same month a year earlier and a record high, per the Zillow Home Value Index.
- Value of a typical home
- $913,277September 2026, Zillow ZHVI
- Change over 12 months
- +3.0%. The change since September 2025.
Franklin home prices since 2000
Steel marks Franklin; grey marks the United States. Since January 2000, a typical Franklin home has climbed from $237,954 to a $913,277 level, ×3.84, while the US rose ×2.99 over the same period. Prices peaked during the boom in September 2007 at $366,540 and bottomed out in December 2010 at $320,927, −12.4%.
Franklin median home price by year
Each year's figure averages twelve monthly values; for 2026 the latest month is shown.
| Year | Franklin | Change on the year | United States |
|---|---|---|---|
| 2000 | $240,267 | $125,745 | |
| 2001 | $245,387 | +2.1% | $134,899 |
| 2002 | $252,108 | +2.7% | $144,276 |
| 2003 | $259,914 | +3.1% | $155,308 |
| 2004 | $273,829 | +5.4% | $169,891 |
| 2005 | $296,964 | +8.4% | $189,732 |
| 2006 | $332,897 | +12.1% | $206,531 |
| 2007 | $362,528 | +8.9% | $208,449 |
| 2008 | $353,432 | −2.5% | $195,574 |
| 2009 | $334,712 | −5.3% | $177,542 |
| 2010 | $323,931 | −3.2% | $171,462 |
| 2011 | $322,995 | −0.3% | $162,508 |
| 2012 | $327,712 | +1.5% | $161,137 |
| 2013 | $349,967 | +6.8% | $171,420 |
| 2014 | $374,430 | +7.0% | $182,996 |
| 2015 | $400,769 | +7.0% | $192,738 |
| 2016 | $431,423 | +7.6% | $204,509 |
| 2017 | $462,777 | +7.3% | $216,767 |
| 2018 | $489,211 | +5.7% | $230,541 |
| 2019 | $518,157 | +5.9% | $242,088 |
| 2020 | $548,697 | +5.9% | $257,151 |
| 2021 | $658,908 | +20.1% | $295,959 |
| 2022 | $844,664 | +28.2% | $340,014 |
| 2023 | $843,632 | −0.1% | $348,160 |
| 2024 | $875,193 | +3.7% | $359,751 |
| 2025 | $892,564 | +2.0% | $362,959 |
| September 2026 | $913,277 | +3.0% | $366,157 |
What a home bought in Franklin in any year is worth now
This is an index-based estimate of a typical home, not an appraisal.
A year's figure is the average of twelve monthly index values; the current value comes from September 2026. See also: home appreciation calculator.
Considering a sale? Check how local agents compare on Realtor.com. Advertising disclosure: links like this one may pay the site, and no number here changes because of them. Disclosure.
Franklin housing market forecast
Over the 12 months from September 2026, Zillow's forecast has the Nashville, TN metro at +0.2%, with +0.1% over the three months ahead. That forecast on Franklin's typical value of $913,277 points to near $915,100 in a year.
Zillow's central estimate for the metro is what appears here, restated; the site itself publishes no forecast. Forecasts like this, over 12 months, usually miss the change that actually happens by several percentage points, in either direction. This is not investment advice.
All metro forecasts are collected in one table: housing market forecasts.
Franklin housing market crash risk score
79 of 100, a high reading
The score ranks Franklin against 292 cities by looking at five conditions, which ran high before earlier price falls. Every input is scored from 0 to 100 by comparison with the other cities. The five scores are then averaged, each carrying the same weight. It shows today's conditions; it makes no prediction of a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +55.0% | 90 | 20% |
| Time on the market vs 2019 | +67.6% | 99 | 20% |
| Price-to-rent ratio | 37.3 | 98 | 20% |
| Price-to-income ratio | 7.5 | 87 | 20% |
| 12-month price change | +3.0% | 20 | 20% |
This is not investment advice. Scoring method for the inputs: methodology. Ranking for all 292 cities: crash risk by city.
In Franklin, the inventory and days on market
In September 2026 the Nashville, TN metro counted 12,150 homes for sale, up +12.0% from a year earlier and +55.0% compared with the same month of 2019. The median time to sell was 62 days (+67.6% against 2019), and price cuts appeared on 22.4% of listings.
| Nashville, TN metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 12,150 | +12.0% |
| New listings | 3,842 | |
| Median days on market | 62 | +5.1% |
| Median list price | $533,995 | −1.0% |
| Share with a price cut | 22.4% |
Metro inventory from Realtor.com® Economic Research. Realtor.com. All metros: days on market by city.
Rents and living costs in Franklin
In Franklin, the Zillow Observed Rent Index puts the typical asking rent at $2,038 a month, +0.8% on a year. That rent would take 37.3 years to cover the cost of the typical home. Median household income comes to $122,014 (Census ACS 2024). On that basis, a typical home is priced at 7.5 times the yearly income. Metro prices stand at 96.3 in BEA figures, compared with a US average of 100, while housing costs reach 104.6.
Other Tennessee housing markets
- $425,889 in Nashville.
- $151,794 in Memphis.
- $368,965 in Knoxville.
- $314,999 in Chattanooga.
- $317,914 in Clarksville.
- $424,348 in Murfreesboro.
- Cleveland, Tennessee $308,369
For the state as a whole: Tennessee housing market.
How to read this chart
A point plots the Zillow Home Value Index for Franklin: what a typical home in the market's middle third is worth, smoothed and seasonally adjusted, in that month's dollars. The hollow dot marks the month picked on the slider, and the terracotta dot marks the latest month. An index tracks the typical home, not any one house, and no inflation adjustment applies to these figures: to work out a single home's value, take its own sale price and enter it in the card above it, or use the home appreciation calculator.