Franklin, TN Housing Market: Home Prices & Rent
Franklin home values since 2000
Last few years
Rent in Franklin
Owning vs renting, monthly
Buying the typical Franklin home with 20% down at this week's 7.32% 30-year rate costs about $6,160/month (principal, interest plus ~1.5% a year for tax and insurance) vs $2,038/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
Franklin vs the Nashville metro, Tennessee and the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| Franklin, TN | $913k | +3.0% | $2,038/mo |
| Nashville metro | $449k | -0.5% | $1,803/mo |
| Tennessee | $331k | +0.6% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Franklin, TN?
No - the typical Franklin home value is up 3.0% over the past 12 months, at $913k (September 2026).
Is the Franklin housing market crashing?
Home values are close to their 2020s high and up 3.0% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Franklin, TN?
Typical rent in Franklin is $2,038 a month (September 2026), +0.8% over 12 months.
Is Franklin more expensive than the rest of the Nashville area?
The typical Franklin home ($913k) is 103% above the Nashville metro typical of $449k (September 2026).
More of the Nashville area
Nashville metro housing market
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index for the city of Franklin, September 2026; days to contract for the metro area). 30-year mortgage rate: Freddie Mac PMMS. How we calculate.