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According to statistics, the population in Franklin, TN amounts to 72,990, which shows growth 3% compared to the previous year. The median age of the city’s residents is 38. The average household income is $92,589, shifting growth 4% from the past year, and the average property value in Franklin, TN growth 6% to $362,300 throughout the year.
|Number Of Employees||38,464|
|Median Property Value||$362,300|
The average household income in Franklin, TN grew from $88,961 to $92,589 in the past year. This data is an estimate based upon 27,542 households in Franklin, TN . The chart below presents how household income is distributed in Franklin, TN in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Franklin, TN shifted from $342,900 to $362,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Franklin, TN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Franklin, TN properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Franklin, TN compared to median property taxes around the country. The prevalent amount of property taxes in Franklin, TN equals $2500, which is less than the national average.
|Apartment Size||May||vs Last Month|
|2 bed apartments||$344,950||N/A|
|3 bed apartments||$493,580||+31.6%|
|4+ bed apartments||$949,649||-63.3%|
During May 2021, the average price for an apartment in/near Franklin, TN decreased by 12.2% to $742,345.
Asking price for 2-bed apartment remains the same, a place of this size will still cost you $344,950. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $493,580. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $949,649 for a big-family home.
|Listing Type||May||vs Last Month|
|Townhouses for sale||$475,000||+30.9%|
|Lofts for sale||$296,784||N/A|
|Houses for sale||$833,977||-61.5%|
|Apartments for sale||$185,000||N/A|
While assessing the property pricing Franklin, TN, you can note that it remains flat with a price tag of $185,000. According to statistics, average house is still $833,977 with no significant changes this month. The price statistics of lofts have not significantly changed, it now still goes for $296,784. Value of the townhouses didn’t change, the price still starts at $475,000.
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