Population & Growth Trends
Franklin is projected to reach a population of around 90,388 by 2025, representing a 7.4% increase since the 2020 Census. With an annual growth rate of approximately 1.4%, Franklin's expansion brings more amenities, job opportunities, and housing developments. However, this rapid growth may also lead to more traffic, housing competition, and rising living costs.
Demographics & Community Make-Up
Franklin's median age is around 37, reflecting a balanced mix of young professionals and families. The population is approximately:
- 75.8% White
- 9% Asian
- 7.9% Hispanic/Latino
- 5.8% Black/African American
Median Household Income
With a median household income of roughly $115,000 and a housing stock primarily made up of single-family homes, Franklin is a relatively affluent and family-oriented community.
Cost of Living & Housing Market
If you’re moving from a lower-cost area, expect a substantial shift. The cost of living in Franklin, TN is about 39% higher than the national average, primarily due to housing.
- Average home price: ~$784,100
- One-bedroom apartment (downtown): ~$2,000/month
- Estimated monthly living cost (for one person): ~$2,855
The Franklin housing market in 2026 is expected to remain strong. High demand will likely keep prices elevated, so it's essential to consider your budget carefully when house hunting.
Safety & Crime Rates
Franklin is known for its safety, with violent crime rates about 47% lower than the national average. It’s rated as “Very Safe” by HoodScore. However, crime rates can vary by neighborhood, so it's wise to research specific areas before choosing your new home.
Schools & Family Considerations
Public schools in Franklin are highly regarded, especially within the Franklin Special School District and Williamson County Schools. Families will also benefit from a wide range of sports, parks, and extracurricular activities that enhance quality of life.
Keep in mind that the best school zones often come with higher housing prices and more competition.
Job Market & Employment
As part of the thriving Nashville metro economy, Franklin features strong job sectors in:
- Healthcare
- Manufacturing
- Corporate services
If you're planning to move, consider:
- Your job prospects
- Commute times
- Whether your income aligns with local living costs
Remote workers also find Franklin appealing due to its quality of life and strong infrastructure.
Lifestyle, Amenities & Neighborhoods
Franklin offers a suburban lifestyle with easy access to Nashville’s urban amenities. Its charming downtown, parks, and upscale retail make it attractive to both families and professionals.
Living in Franklin: Pros and Cons
Pros:
- Safe neighborhoods
- Excellent schools
- Vibrant community life
- Attractive, well-maintained homes
Cons:
- High cost of living
- Growing traffic issues
- Limited affordability for first-time buyers
Best neighborhoods in Franklin, TN:
- Westhaven
- McKay’s Mill
- Fieldstone Farms
These areas are known for great amenities and strong school zones.
Relocation Tips for 2026
- Plan your budget carefully, including housing, taxes, and utilities.
- Start your housing search early to secure a spot in preferred neighborhoods.
- Visit Franklin ahead of time to explore districts, commuting options, and schools.
- Keep up with local development plans, growth can affect traffic, noise, and livability.
- Work with trusted local services. For a smooth transition, consider using experienced Franklin movers.
Living in Franklin, TN Final Thoughts
Moving to Franklin in 2026 offers incredible opportunities but also requires careful planning. By understanding the housing market, cost of living, job prospects, and lifestyle options, you’ll be better equipped to make a well-informed decision about starting your next chapter in Franklin, Tennessee.