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Franklin County Housing Market

Tennessee · 95 counties · Ranked #2077 in home value

Below National Avg

Housing at a Glance

Median Home Value

$215,700

vs national$215,700 vs $281,900 national

Median Gross Rent

$863/mo

vs national$863 vs $1,163 national

Effective Tax Rate

0.56%

vs national0.56% vs 1.02% national

Median Household Income

$61,553

vs national$61,553 vs $74,755 national

Affordability Ratio

3.5x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

26.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,218

Tax as % of Home Value

0.56%

Monthly Owner Cost

$827

Renter Income

$39,820

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Mortgage

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Home Search

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Search active listings in Franklin County. See photos, prices, and open house dates.

Similar Counties by Home Value

Ste. Genevieve County

Missouri

$215,600

Explore Related Data

Frequently Asked Questions

What is the median home value in Franklin County?

The median home value in Franklin County is $215,700. This is below the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $863 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 0.56%. The median annual property tax bill is $1,218.

Is Franklin County affordable?

With a home-value-to-income ratio of 3.5x, Franklin County is moderately affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.