Franklin, TN has a population of 72,990, while the median age is 38. The household income in Franklin, TN is around $92,589. The homeownership rate among the residents is 68%. The median residential property value in Franklin, TN that you should keep in mind is $362,300.
|Number Of Employees||38,464|
|Median Property Value||$362,300|
|Rent Price||Jul||vs Last Month|
|1 bed rentals||$1,896||+16.9%|
|2 bed rentals||$2,895||+40.5%|
|3 bed rentals||$6,133||+92.1%|
|4+ bed rentals||$5,702||+28.3%|
Over the Jul 2022, the average rent for an apartment in/near Franklin, TN increased by 45.7% to $4,854.
Breaking it down in details, we now see that the average price for 1-bed apartment increased by 16.9% to $1,896. Pricing for 2-bed apartment also increased by 40.5% and a place of this size will now cost you $2,895. 3-bed apartment rent pricing starts at $6,133, it increased by 92.1% lately. We tend to note the rise of 4- and more bed apartment pricing. It increased by 28.3% and made it up to $5,702.
|Rent Type Price||Jul||vs Last Month|
The median rent for an apartment in Franklin, TN increased by 81.5% to $5,137. Statistics show that house rent price decreased by 19.1% this month making it up to $3,058. Condos faced an upward trend these days. The median rent for a condo decreased by 15.1%, it’s now available for $1,812. If you’re looking for a room, the price tag still starts at $1,095. The median price did not change this time. The median rent for a townhouse increased by 50.2%, you’ll have to spend around $3,500 to get one.