Franklin TN Median Home Price 2026 | What Buyers & Seller…

Franklin, Tennessee remains one of the most sought-after real estate markets in the Southeast — and 2026 data confirms prices have continued to climb. The median home price in Franklin TN is $907,000 as of September 2026, based on closed single-family sales over the trailing 90 days (368 transactions). If you're buying, selling, or simply watching the market, here's what the numbers actually mean.

Franklin TN Home Prices at a Glance — September 2026

• Median sale price (single-family): $907,000
• Average sale price (single-family): $931,000
• Median townhome/condo: ~$550,000–$620,000
• Average price per square foot: $310–$380 depending on neighborhood
• Trailing 90-day closed SFR transactions: 368
• Average days on market: 22–30 days (well-priced listings)
• Months of supply: ~2.1 months (seller-favoring conditions)

These figures reflect the broader Williamson County dynamic: constrained inventory, strong relocation demand, and a local economy that has consistently outperformed national benchmarks. For context, the U.S. national median home price in mid-2026 is approximately $420,000 — Franklin runs more than double that figure.

Year-Over-Year Price Trends in Franklin TN

Franklin's price trajectory over the past several years tells a clear story:

• 2021: Median ~$570,000 — pandemic-era surge accelerates
• 2022: Median ~$680,000 — peak frenzy, multiple-offer standard
• 2023: Median ~$710,000 — slight cooling as mortgage rates rise; volume drops but prices hold
• 2024: Median ~$800,000 — market stabilizes, buyers adapt to higher rate environment
• 2025: Median ~$860,000 — modest rate relief boosts demand
• 2026 (September): Median $907,000 — sustained appreciation, limited inventory

The key takeaway: Franklin did not experience the correction many national markets saw in 2023–2024. Prices dipped in transaction volume but not meaningfully in price per square foot. Sellers who held through the high-rate period have been rewarded.

Neighborhood-by-Neighborhood Price Breakdown

Franklin is not a monolithic market. Prices vary significantly by neighborhood, and knowing the breakdown is essential whether you're pricing a listing or making an offer.

Cool Springs — Corporate Corridor Premium

Cool Springs is Franklin's commercial and corporate hub, anchored by the Cool Springs Galleria and a dense concentration of corporate headquarters. Residential properties in the broader Cool Springs area — including subdivisions like Forrest Crossing, Fieldstone Farms, and Sullivan Farms — typically range from $650,000 to $950,000 for single-family homes. The neighborhood's appeal is purely practical: buyers get proximity to employers like Tractor Supply, Community Health Systems, and dozens of healthcare and tech firms without giving up a well-maintained suburban environment. Townhomes in the area can start in the low $450,000s, making this one of the more accessible entry points into the Franklin market for professional buyers.

Westhaven — Master-Planned and Premium-Priced

Westhaven is Franklin's flagship master-planned community, and it commands the price to match. With its walkable town center, championship golf course, resort-style amenities, and strict architectural standards, Westhaven consistently delivers among the highest price-per-square-foot figures in the city. Expect $950,000 to $1.6M+ for single-family homes, with larger estate properties pushing well past $2M. New construction within Westhaven — still available in limited phases — typically starts around $1,050,000. If you're comparing Franklin to Brentwood, Westhaven is the product that competes most directly.

Downtown Franklin — Historic, Walkable, and Tightly Held

Properties within walking distance of Franklin's historic downtown square are among the most tightly held in the entire Williamson County market. Supply is severely constrained — most of the housing stock is older single-family homes on modest lots — but demand from buyers who want walkable access to restaurants, shops, and entertainment has pushed prices well above lot-size expectations. Homes in the downtown Franklin core typically sell from $750,000 to $1.3M+, with fully renovated historic properties regularly trading above $1M regardless of square footage. If you're buying downtown, competition is fierce and off-market deals matter.

Berry Farms — New Construction Value Play

Berry Farms is one of Franklin's largest mixed-use developments, located in the southeastern part of the city near Highway 96. It has attracted significant builder activity and offers some of the most competitive new-construction pricing still available within Franklin city limits. Single-family homes range from $750,000 to $1.05M, with the higher end representing larger lots and premium finishes. Berry Farms is popular with families who want a newer home and modern amenities without paying the Westhaven or downtown premium. The neighborhood is still maturing — expect continued appreciation as commercial amenities fill in over the next several years.

Buyer's Market vs. Seller's Market: Where Does Franklin Stand in 2026?

Franklin is firmly in seller-favoring conditions as of fall 2026, though the frenzied multiple-offer environment of 2021–2022 has not returned. Here's how to read the current dynamic:

• Supply remains constrained: ~2.1 months of inventory. A balanced market is 4–6 months. Franklin is well below that threshold.
• Demand remains strong: Net migration into Williamson County continues. Nashville's outward expansion and corporate relocations keep the buyer pool deep.
• Days on market are reasonable: Well-priced listings in the $700K–$1M range are moving in 3–5 weeks. Overpriced listings sit. The market is price-sensitive in a way it wasn't in 2021.
• Financing conditions matter more: With mortgage rates in the 6.5–7.0% range for most of 2025–2026, affordability is a real constraint. Buyers are more selective and negotiation on inspections/repairs has returned to normal.
• Luxury segment (above $1.5M) is slower: Cash buyers dominate at the top end, but that pool is smaller. Days on market above $1.5M can stretch to 60–90+ days.

Net assessment: If you're a seller with a well-maintained, well-priced home under $1.1M, you are in a strong position. If you're a buyer, you are not getting 2022 prices — but you're also not competing against 18 other offers on day one. Smart, prepared buyers are closing good deals.

What's Driving Franklin TN Home Prices?

Corporate Relocations and Job Growth

Williamson County has been a landing zone for corporate headquarters relocations for over a decade. The concentration of high-income employment — healthcare, technology, finance, and professional services — creates a buyer pool that is less sensitive to mortgage rate fluctuations than the national average. When companies like Oracle, Alliance Bernstein, and dozens of mid-size firms move operations to the Nashville metro, their employees need housing. Many choose Franklin.

Top-Ranked Schools

Williamson County Schools consistently ranks among the top 5 school districts in Tennessee. For families relocating from higher-cost metros, the combination of quality public education and relatively lower (compared to their origin market) home prices is compelling. School quality is a direct price driver — it's not soft data.

Infrastructure and Quality of Life

Franklin has invested heavily in greenways, parks, and downtown preservation. The city has a walkable historic core, accessible outdoor recreation, and a restaurant and retail scene that punches above its population size. These lifestyle factors attract affluent relocators who could afford to live anywhere.

Geographic Constraints

Franklin's urban growth boundary and general community preference for controlled development limit how much new housing enters the market. Unlike sprawling suburban markets where builders can infinitely expand, Franklin's supply pipeline is genuinely constrained. That constraint supports prices.

Should You Buy in Franklin in 2026?

The honest answer depends on your timeline and financial position. If you're buying with a 5–10 year horizon, Franklin's structural demand drivers — jobs, schools, quality of life, geographic constraints — have not changed. The market has compounded appreciation in every 5-year rolling window for the past two decades. Short-term volatility exists; long-term trajectory is upward.

If you're a seller, fall 2026 is a good time to transact. Prices are near all-time highs, inventory is low, and qualified buyers are active. The risk of waiting is a potential rate-driven demand softening if mortgage rates rise further.

Ready to run the numbers on a specific property? Browse current Franklin TN listings or talk to the Dyad team for a property-specific valuation.

For a broader market perspective, read our Franklin TN Real Estate Market overview. Considering both sides of the Williamson County equation? See our direct Brentwood TN vs. Franklin TN comparison to understand how these two markets differ on price, lifestyle, and investment potential.

Frequently Asked Questions: Franklin TN Home Prices 2026

What is the median home price in Franklin TN in 2026?

The median home price in Franklin TN is $907,000 as of September 2026, based on 368 closed single-family sales over the trailing 90 days. Prices vary significantly by neighborhood — Westhaven and downtown Franklin command premiums, while Cool Springs and Berry Farms offer relatively more accessible entry points.

Is Franklin TN a good place to buy real estate in 2026?

For buyers with a multi-year horizon, Franklin remains a strong buy. The city's employment base, school quality, constrained supply, and continued in-migration from higher-cost metros provide durable demand. Short-term purchasers need to be more careful — entry at current prices requires confidence in a hold period of at least 3–5 years to absorb transaction costs and potential near-term volatility.

How do Franklin home prices compare to Nashville?

Franklin's median now substantially exceeds Nashville's urban core median. Nashville's citywide median is approximately $475,000–$500,000 in 2026, but that figure mixes urban neighborhoods, transitional areas, and suburban zones. In comparable suburban/family-oriented segments, Franklin commands a significant premium due to school quality and neighborhood character.

Are Franklin TN home prices expected to rise further in 2026–2027?

Forecasts from regional analysts point to continued modest appreciation of 3–6% annually through 2027, assuming no major shock to mortgage rates or employment. A rate drop to the 5.5–6.0% range would likely accelerate demand and push appreciation above that range. A rate spike above 8% would slow volume without necessarily reversing prices — the supply constraint is that durable.

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