Zillow's typical home value in Franklin was $925,870 in August 2026, up 2.6% from a year earlier and 109.53% over ten years. Prices have recovered past their 2022 high, but the wider Nashville metro is slower than a year ago: a median 60 days to go pending in July 2026 and a price cut on about a third of listings.
Franklin housing market: the numbers
The typical Franklin home is worth $925,870, up 2.6% on a year ago. Across the Nashville metro, homes for sale are 9.0% higher than a year earlier.
| Area | Typical value | Past year | 5 years |
|---|---|---|---|
| College GroveZIP 37046 | $1,300,186 | +2.8% | +29.9% |
| ArringtonZIP 37014 | $1,273,897 | +2.7% | +36.2% |
| FranklinZIP 37069 · west and north | $1,023,572 | +3.1% | +31.9% |
| FranklinZIP 37067 · Cool Springs and east | $953,759 | +2.7% | +34.3% |
| FranklinZIP 37064 · downtown, south and west, incl. Leiper's Fork | $911,270 | +2.3% | +31.8% |
Zillow Home Value Index (all homes, smoothed, seasonally adjusted), August 2026. A typical value is the middle of each area’s market, not its $1M+ segment. Metro figures (Zillow, July 2026 and August 2026) cover the whole Nashville metro, all price points.
Ten years of Franklin home values
Zillow’s typical Franklin home value was $925,870 in August 2026, 109.5% higher than ten years earlier ($428,791). College Grove’s typical value was $1,288,183. Franklin’s peak so far was $927,310 in March 2026.
Franklin home prices over the last 10 years
The chart above is one line, but it has four distinct stretches. Reading them separately tells you more than the headline 109.53% gain, because each one answers a different question a buyer or seller at $1 million and up tends to ask.
2016 to 2020: steady gains
Zillow's typical home value in Franklin was $441,876 in August 2016 and $556,732 in August 2020. That is a rise of about 26% over four years, a few percent a year, with no monthly declines along the way.
2020 to 2022: the surge
From August 2020 to July 2022 the typical value climbed to $903,385, a gain of roughly 62% in under two years. Most of the ten-year increase happened in this window, which is why comparisons with 2021 and early 2022 sale prices can mislead.
2022 to 2023: the only real dip
After July 2022 the typical value eased for nine straight months, falling 6.7% to $842,921 in April 2023. That is the one meaningful decline in the decade. On the index, a home bought at the July 2022 level was worth less through 2023 and took until late 2024 to get back to it.
2023 to 2026: a slower recovery
From April 2023 the line rose again, more gently, passing the 2022 high in late 2024 and reaching a peak of $927,310 in March 2026. August 2026 sits about 0.2% below that peak. Over the three years from August 2023 ($865,439) the gain was about 7%, a pace much closer to the 2016 to 2020 years than to the surge.
The monthly series also shows a small seasonal pattern: the typical value slipped slightly from spring into summer in both 2025 and 2026 before firming again. These are moves of about 1% or less, not a trend change.
The luxury market in Franklin: homes over $1 million
Every figure above describes the middle of the market. Zillow's typical home value is a mid-tier measure: it reflects homes in the middle range of values, not the top tier. It tells you where the center of Franklin sits, not how $1.5 million or $3 million homes are selling.
What public data leaves out
No published, sourced statistic for Franklin sales above $1 million was available for this page: no count of $1M+ sales, no share of sales above $1 million and no median sale price for that band. Rather than estimate one, this page leaves it out. The honest way to read the $1M+ market is from recent closed sales in the specific area you are considering, pulled from the MLS. I can pull recent sales above $1 million for any Franklin ZIP code or neighborhood for you.
Where $1 million is the middle, and where it buys above it
The ZIP and neighborhood figures do show where $1 million sits relative to the local center. In 37069, College Grove's 37046 and Arrington's 37014, Zillow's typical value is above $1 million, so $1 million buys a middle-of-the-market home there. In 37064 ($911,270) and 37067 ($953,759), $1 million buys above the typical home.
Zillow also publishes values for its own neighborhood boundaries inside Franklin (these are Zillow's areas, not subdivisions). In August 2026 McLemore was $1,426,530, Seward Hall $1,028,138, Goose Creek $995,698 and West Harpeth $993,753, while Central Franklin was $710,247 and Southall $580,552. A $1.5 million budget is above the typical home in every one of them. For subdivision-level detail see Franklin neighborhoods.
Why the Census number is lower
The Census Bureau's median value for owner-occupied homes in Franklin is $705,400 (ACS 2020-2024). It is lower than Zillow's $925,870 because owners report it themselves and it averages five years of survey responses, so it lags current prices. Use it for long-run comparisons, not for pricing.
Sale speed, price cuts and inventory across the Nashville metro
Zillow does not publish these measures for Franklin alone, so the figures here cover the whole Nashville metro at every price point, as of July 2026. They describe the regional backdrop, not Franklin and not the $1M+ band.
Days to pending
Metro homes took a median 60 days to go under contract in July 2026, up from 54 days a year earlier. A listing that has been active for six weeks is close to the metro norm, not a sign that something is wrong with it.
Sale-to-list ratio
Metro homes sold for about 97.9% of their final list price. On a $1.5 million list price that gap would be about $31,500, though the ratio is a metro-wide median and individual $1M+ sales vary widely. Ask for the sale-to-list figures on recent comparable sales before you set an offer or a list price.
Price cuts
About 33.7% of metro listings had at least one price reduction in July 2026. For sellers, that is a reminder that the first list price matters. For buyers, it means a reduced listing is common and worth asking about, including how long it has been active and what has changed.
Inventory
The metro had 11,840 listings in July 2026, up about 9% from 10,860 a year earlier. More listings and longer time to pending point to buyers having more to choose from than a year ago, at the metro level. Whether that holds above $1 million in Franklin is something only local sales data can confirm.
Franklin home values by ZIP code
The ZIP table above ranks the five ZIP codes by Zillow's typical value. Two patterns matter for a $1M+ search.
First, the countryside ZIPs cost the most. College Grove's 37046 ($1,300,186) and Arrington's 37014 ($1,273,897) are the highest, and both also rose the most over ten years: up 136.81% and 138.96%. These ZIPs are mostly outside any city, which affects the tax bill and services; see College Grove for what that means in practice.
Second, the three Franklin ZIPs moved within a narrow band. In the year to August 2026, 37069 rose 3.15%, 37067 2.69% and 37064 2.27%. Over five years all three gained between about 32% and 34%. The gap between them is mostly a level difference, not a difference in direction. For land area, city limits and what each ZIP covers, see Franklin ZIP codes.
Franklin housing market outlook
This page does not forecast prices. No sourced forecast for Franklin was gathered, and a typical-value index cannot predict how a particular $1M+ home will sell. What the data does give you is a short list of things to watch.
- Mortgage rates. Freddie Mac's 30-year fixed average was 7.28% and its 15-year 6.60% for the week of October 1, 2026. On a $1.2 million loan, 7.28% works out to about $8,211 a month in principal and interest. For how financing works at this size, see jumbo loans in Tennessee.
- Metro inventory and days to pending. Both rose year over year. If they keep rising, negotiation room usually follows.
- The spring peak. Franklin's typical value peaked in March in 2026. Watch whether the next spring sets a new high.
- Building. Williamson County issued 1,621 residential building permits in 2025. New supply shapes the resale market; see new construction in Franklin.
Owning costs move too. The 2025 county reappraisal reset assessed values; see Williamson County property tax for the 2026 rates and an example bill.
Common questions
Is Franklin, TN a buyers or sellers market?
The data points in both directions, so it depends on the home. Zillow's typical value in Franklin rose 2.6% in the year to August 2026. Across the Nashville metro, though, homes took a median 60 days to go pending in July 2026 (54 a year earlier), about 33.7% of listings had a price cut and inventory was up about 9%. Those metro figures cover all price points, so check recent $1M+ sales in your area.
What is the average home price in Franklin, TN?
Zillow's typical home value in Franklin was $925,870 in August 2026. It is a typical, middle-of-the-market value rather than an arithmetic average, so it is not pulled up by a few very expensive sales. By ZIP it ranged from $911,270 in 37064 to $1,023,572 in 37069, and $1,300,186 in College Grove's 37046. The Census owner-reported median is lower, $705,400, because it averages 2020-2024 survey answers.
Are home prices dropping in Franklin, TN?
Not on Zillow's measure. The typical value was $925,870 in August 2026, up 2.6% from $902,369 a year earlier, and about 0.2% below its March 2026 peak of $927,310. The last real decline ran from July 2022 to April 2023, when the typical value fell 6.7% to $842,921 before recovering. Individual homes can still sell below their list price, as metro price-cut data shows.
How much is a house in 37069 vs 37064?
In August 2026, Zillow's typical home value was $1,023,572 in 37069 and $911,270 in 37064, a gap of about $112,000 or 12%. 37069 also rose faster over the year, 3.15% against 2.27%. Both are typical, mid-tier values for the whole ZIP, which includes city and unincorporated land, so a specific neighborhood can sit well above or below them.
What is the hottest real estate market in Tennessee?
This page doesn't rank markets, because no sourced statewide ranking was used. Zillow's own figures give context: in the year to August 2026, Franklin's typical value rose 2.6%, Williamson County's 2.44%, Tennessee's 0.66%, and Davidson County's (Nashville) fell 2.74%. Franklin's typical value is about 2.8 times Tennessee's $334,108. Price growth is only one way to define a hot market.
Why are people moving out of Franklin, TN?
No source measured people leaving Franklin, and Census estimates show the opposite: the population grew 8.0% from April 2020 to 90,226 in July 2025. Cost is the most commonly cited pressure, and it is measurable: Zillow's typical home value is $925,870, about 2.8 times Tennessee's and about 2.2 times Davidson County's (August 2026). The cost of living guide breaks down the rest.
How does Franklin compare with Brentwood on price?
Brentwood is a separate market, but it is the usual comparison. In August 2026 Zillow's typical value for Brentwood was $1,404,388, against $925,870 for Franklin. Brentwood's main ZIP, 37027, was $1,235,638, which is above Franklin's 37069 ($1,023,572) and below College Grove's 37046 ($1,300,186). Typical values describe each area's middle, not its $1M+ homes.
Sources
- Zillow Research: Home Value Index (ZHVI), August 2026 (tools/data/franklin.json)
- Zillow Research: Nashville metro market data (days to pending, sale-to-list, price cuts, inventory), July 2026
- Williamson County: Purpose of a Reappraisal
- Freddie Mac: Primary Mortgage Market Survey
- U.S. Census Bureau: QuickFacts, Franklin city, Tennessee; Williamson County, Tennessee
Brianna Morant
I have worked in real estate for more than 20 years. In 2013 I founded Oak Street Real Estate Group with Benchmark Realty, and I lead every listing the team takes on. Here I focus on homes from $1 million in Franklin, Leiper's Fork and College Grove. If you are thinking of selling, I would be glad to tell you what your home could sell for.
Realtor®, Benchmark Realty, LLC. General information, not legal, tax or lending advice.
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