Franklin's $1M+ neighborhoods fall into three price tiers: gated estate communities led by Treemont ($4,675,000 median) and Laurelbrooke ($2,987,500); a $1.5M to $3M band that includes Legends Ridge, Westhaven and the new-build enclaves; and a $1M to $1.5M band with SouthVale and Starnes Creek. These are 12-month medians from RealTracs MLS sales data; Franklin's single-family median over the same period was $1,060,000.
At a glance
| Franklin single-family median | $1,060,000 on 1,663 sales, 12 months to Sept 28, 2026 (MLS) |
|---|---|
| Zillow typical home value, City of Franklin | $925,870 (August 2026) |
| Highest Franklin ZIP on Zillow | 37069: $1,023,572 (August 2026) |
| Highest planning area on Zillow | McLemore: $1,426,530 (August 2026) |
| Sales at $2M and above | 240 a year, up from 153 two years earlier (MLS) |
| Top house sale in the year | About $11.8 million, on five acres in Avalon (MLS) |
Franklin's $1M+ neighborhoods compared
Nobody publishes official prices for subdivisions, and Zillow's values stop at the ZIP and planning-area level. The medians below come from RealTracs MLS sales data for the past 12 months, so treat them as a guide to where each community trades, not an appraisal. Small sample sizes are noted.
| Neighborhood | Gate or golf | Lots on recent sales | 12-month median | Median HOA dues a year |
|---|---|---|---|---|
| Hidden River | Gated | Not published | $4,900,000 (1 sale) | $5,400 |
| Treemont | Gated | Not published | $4,675,000 | $3,000 |
| Laurelbrooke, 37069 | Staffed gate | 0.46 to 3.06 acre | $2,987,500 (14 sales) | $5,508 |
| Hamilton | Not published | Not published | $2,543,145 (new homes, 14 sales) | Not published |
| Legends Ridge, 37069 | Gated, not staffed; next to Legends Club | 0.89 to 1.30 acre | $2,372,500 (13 sales) | $2,796 |
| Bonterra | Gated | Not published | $2,299,970 | $3,600 |
| Lynnwood Downs | Gated | Multi-acre, per listings | $2,218,750 (2 sales) | $6,000 |
| Avalon | Gated | Not published | $2,100,000 (16 sales) | $3,260 |
| Lookaway Farms | Not published | Not published | $2,063,750 (14 sales) | Not published |
| Westhaven houses, 37064 | Not gated; separate golf club | Not published | $1,543,612 (244 sales) | $3,188 |
| Reserve at Spencer Creek | Gated section of Fieldstone Farms | Not published | $1,555,000 | $1,740 |
| Carronbridge and the Enclave | Gated | Not published | $1,479,000 | $2,304 |
| Starnes Creek | Not published | Not published | $1,466,385 (20 sales) | Not published |
| SouthVale | Not published | Not published | $1,449,000 (21 sales) | Not published |
| Temple Hills, 37069 | 27-hole private club; only The Reserve gated | About 0.2 to 1.69 acre | $969,000 (18 sales) | $442 |
Gated-community dues come from a published summary of gated-community sales. Avalon's median comes from its luxury-homes page; the gated-homes page puts Avalon at $1,250,000 across 20 sales, likely because it counts more sections. Ask for the sales in the specific section you are considering.
Around $3M and up: the gated estate communities
Treemont
Treemont's $4,675,000 median was the highest in a published analysis of Franklin's gated communities, apart from Hidden River's single sale. Median dues were $3,000 a year. Our sources did not record lot sizes or whether the gate is staffed, so check both on any listing. It is covered alongside the other gated options in our guide to gated communities in Franklin.
Hidden River
Hidden River closed a single sale in the year, so its $4,900,000 figure is one home, not a median you can price against; a published analysis of RealTracs luxury sales records that sale at $4,100,000. Listings describe community horse trails. Median dues were $5,400.
Laurelbrooke
Southern Land Company's gated community off Sneed Road in ZIP 37069 has two entrances with 24-hour staffed guard posts. Its 14 sales had a median of $2,987,500, from $1,750,000 to $11,710,000, on lots of 0.46 to 3.06 acres, with dues near $5,500 a year. The full picture is on the Laurelbrooke page.
$1.5M to $3M: acre lots, new estates and a town plan
Legends Ridge
Gated, without a staffed gatehouse, on about one acre per homesite beside the Vanderbilt Legends Club. Its 13 sales had a median of $2,372,500, and dues ran a median $2,796. Late-1990s homes trade at a much lower price per foot than newer ones. See the Legends Ridge guide.
Westhaven
Westhaven is the volume market: 244 houses sold at a median of $1,543,612, and half of all Westhaven sales fell between $1,140,000 and $1,891,001. It is a walkable master-planned town on Highway 96 West by Southern Land Company, with a 15,000-square-foot Residents' Club, five pools and a golf club whose membership is separate and whose course no homes line. Read the Westhaven guide for dues by home type.
Avalon
Avalon is gated and holds Franklin's top house sale of the year, about $11.8 million for a 14,876-square-foot home on five acres. Its median was $2,100,000 across 16 sales in a published analysis of RealTracs luxury sales, with dues of $3,260 a year.
Hamilton and Lookaway Farms
Both are new-build communities where Partners in Building is among the builders. Homes built since 2023 closed at a median of $2,543,145 in Hamilton (14 sales) and $2,150,000 in Lookaway Farms (9 sales). These are the places to look for a recently built home above $2M; our new construction guide covers contracts and inspections.
Bonterra
Bonterra is gated, with a $2,299,970 median and dues of $3,600 a year. In the $2M+ custom tier, new Bonterra homes took a median 148 days to go under contract and closed at a median 95.6% of first asking price, a sign there is room to negotiate.
Ivan Creek and Lynnwood Downs
Both have very few sales. Ivan Creek's four sales had a median of $2,221,450. Lynnwood Downs, described in listings as a gated equestrian community with multi-acre lots, had two sales at a $2,218,750 median and the highest dues in the table, $6,000 a year.
$1M to $1.5M: where most $1M+ buyers start
SouthVale and SouthBrooke
SouthBrooke is on Lewisburg Pike in south Franklin, and SouthVale is its sister community west of the pike. SouthVale's 21 sales had a median of $1,449,000, and all 19 of its new homes sold at or above asking. SouthBrooke spans 75 acres and 205 home sites, developed by Ford Classic Homes with homes by Ford Classic Homes and Insignia Homes; its five new-home sales had a $1,598,520 median.
Starnes Creek
Twenty sales at a median of $1,466,385, with Drees Custom Homes building there. It is marketed as being in the Franklin and College Grove area, so confirm the address and ZIP of any home before you assume a Franklin location.
Gated options from about $1.3M to $1.6M
Reserve at Spencer Creek, the gated section inside Fieldstone Farms, had a $1,555,000 median with $1,740 in dues. Carronbridge and the Enclave ran $1,479,000, Carlisle $1,310,000 and Belle Vista $1,287,500.
Cool Springs East and Berry Farms
Cool Springs East's 20 sales had a median of $1,023,000. Berry Farms is mostly below $1M overall, but its eight detached homes sold at a $1,162,500 median.
Temple Hills
A country club neighborhood off Sneed Road that sits right at the line: 18 sales at a $969,000 median. The $1M+ homes are in The Links and Country Club Estates, and it has homes on the fairways of a 27-hole private club. See the Temple Hills guide.
Historic downtown Franklin
Downtown's all-types median is about $675,000 because it includes condos and townhomes. Pre-1950 homes are a different market: 35 sold across Franklin's three ZIPs at a $1,325,000 median. Our historic downtown guide explains the historic design review that applies inside the overlay district.
Beyond the subdivisions: Leiper's Fork and College Grove
Some of the most expensive homes in Franklin's market are not in Franklin's subdivisions at all. Zillow's typical home value for ZIP 37046, College Grove, was $1,300,186 in August 2026, higher than any Franklin ZIP.
Leiper's Fork
The village of Leiper's Fork and the countryside around it, southwest of Franklin, have their own page covering homes and land, utilities and the drive into town: see Leiper's Fork. For acreage anywhere around Franklin, our land and acreage guide covers what to check before you buy.
College Grove
Zillow's typical home value for College Grove was $1,288,183 in August 2026. It is home to two golf communities, The Grove and Troubadour; the College Grove page covers the area as a whole.
The Grove
A gated golf community in College Grove built around a Greg Norman course. RealTracs MLS data shows 56 closed sales in the 12 months to August 20, 2026, from $1,760,000 to $7,999,900, at a median of $3,056,007, with HOA dues of $237 to $376 a month. See The Grove.
Troubadour
A private club community by Discovery Land Company with a Tom Fazio course. Its 14 sales ran from $3,450,000 to $13,750,000 at a median of $5,850,000, with HOA dues of $415 to $715 a month and club costs on top. See Troubadour.
Neighborhoods people search that mostly sell under $1M
Several of Franklin's best-known names trade mostly below $1M, so we don't profile them as $1M+ neighborhoods. Over the same 12 months, RealTracs MLS sales data shows:
- Fieldstone Farms: 76 sales at a $722,000 median. Its gated Reserve at Spencer Creek section is the $1M+ exception, at $1,555,000.
- McKay's Mill: 36 sales at $862,500.
- Ladd Park: 77 sales across its sections at $970,000.
- Lockwood Glen: 16 single-family sales at $903,500, with a top sale of $1,450,000.
- Sullivan Farms, Forrest Crossing, Poplar Farms resales and Stream Valley: medians from $765,000 to $845,000.
If you like one of these areas but want to spend $1M or more, start with Reserve at Spencer Creek, the gated section inside Fieldstone Farms, then compare the $1M to $1.5M communities above.
Best Franklin neighborhoods for gates, golf, land or walking to town
The right neighborhood depends on the house, the land and the amenities you want. Sorted that way, using the sourced figures above:
- An acre lot behind a gate: Legends Ridge, with recent lots of 0.89 to 1.30 acre.
- A staffed gate: Laurelbrooke, with 24-hour guard posts at both entrances.
- A walkable town plan: Westhaven's Town Center on Front Street, or historic downtown Franklin.
- A home on a golf course: Temple Hills, which has fairway homes. Westhaven has a golf club, but no homes line its course. Our golf course communities guide compares them.
- A new build: Hamilton and Lookaway Farms above $2M; Westhaven, SouthVale and SouthBrooke with new-home medians around $1.5M to $1.6M.
- Several acres or a farm: Leiper's Fork and College Grove rather than a Franklin subdivision.
I can send you the recent closed sales for any of these if you want to compare two side by side.
What is the richest neighborhood in Franklin, Tennessee?
Measured by home values, the highest 12-month medians in Franklin belong to gated communities: Hidden River ($4,900,000, a single sale), Treemont ($4,675,000) and Laurelbrooke ($2,987,500). The top single house sale of the year was in Avalon, at about $11.8 million. Just outside Franklin, Troubadour's median of $5,850,000 is higher than any of them.
At a broader level, Zillow's typical home value in August 2026 was highest in the McLemore planning area, at $1,426,530, followed by Seward Hall at $1,028,138. Among Franklin's ZIPs, 37069 led Zillow's measure at $1,023,572, while 37064, which includes downtown and Westhaven, had the highest single-family median sale price, $1,119,000, and the highest price per square foot, $372. Our Franklin ZIP code guide and Franklin housing market page carry the full figures.
HOA dues and property taxes by neighborhood
Price is only part of what differs. Median HOA dues in the table run from $442 a year in Temple Hills to $6,000 in Lynnwood Downs, and they track what the dues pay for, such as gate staffing or exterior maintenance, rather than the price of the home. Some communities, Westhaven among them, also charge a one-time transfer fee at closing.
Property tax depends on whether a parcel is inside City of Franklin limits and which school district it is in; our Williamson County property tax guide works through the bill. Franklin addresses are served by both Franklin Special School District and Williamson County Schools, so check any address with the district and read our Franklin schools guide. If you are financing, our jumbo loan guide explains what lenders ask for at these prices.
Why are people moving out of Franklin, TN?
The question assumes something the official numbers don't show. No public dataset counts people leaving Franklin by reason, so this answer sticks to what the Census Bureau and Zillow measure: whether the population is falling, whether more people leave the county than arrive, and what it costs to buy here.
Franklin's population is still rising
| July 1 | Franklin population (Census estimate) | Change from prior year |
|---|---|---|
| 2020 | 84,159 | n/a |
| 2021 | 85,974 | +1,815 |
| 2022 | 87,590 | +1,616 |
| 2023 | 88,666 | +1,076 |
| 2024 | 88,921 | +255 |
| 2025 | 90,226 | +1,305 |
The city grew every year. The gain shrank to 255 people in the year to July 2024, the smallest of the period, then rose again to 1,305. The estimates do not say why.
More people move into Williamson County than leave it
The Census Bureau tracks net domestic migration by county: people arriving from elsewhere in the U.S. minus people leaving for elsewhere. For Williamson County it was positive in every year from 2021 to 2025: +6,080, +3,730, +2,081, +1,739 and +2,274. Some households do leave, as in any county, but more arrive. The inflow is smaller than in 2021, which is the honest version of the trend behind the question.
What the cost data shows
Cost is the difference that can be measured. Zillow's typical home value in Franklin was $925,870 in August 2026, about 2.8 times Tennessee's $334,108, and up 109.53% over ten years. Franklin's single-family median sale price was $1,060,000 over the 12 months to September 28, 2026, per RealTracs MLS sales data. For the full owner budget, see the cost of living in Franklin, and for the wider picture, living in Franklin.
Common questions
What is the richest neighborhood in Franklin, Tennessee?
By home values, the highest 12-month medians in RealTracs MLS sales data are in gated communities: Hidden River at $4,900,000 on one sale, Treemont at $4,675,000 and Laurelbrooke at $2,987,500. Franklin's top house sale in the year, about $11.8 million on five acres, was in Avalon. By Zillow's August 2026 typical value, the McLemore planning area ranked highest, at $1,426,530.
What is the nicest neighborhood in Franklin, TN?
There is no single answer; it depends on the home and land you want. Laurelbrooke has a 24-hour staffed gate and lots up to about three acres. Legends Ridge has gated one-acre lots beside the Vanderbilt Legends Club. Westhaven has a walkable town plan with a large clubhouse, and Temple Hills has homes on a 27-hole private course.
Which Franklin, TN ZIP code has the highest home values?
On Zillow's August 2026 typical home value, ZIP 37069 led Franklin at $1,023,572, ahead of 37067 at $953,759 and 37064 at $911,270. On MLS single-family sales in the 12 months to September 28, 2026, 37064 had the highest median at $1,119,000. College Grove's 37046 was higher than all three on Zillow, at $1,300,186.
Which neighborhoods in Franklin, TN are gated?
Gated Franklin communities with sales in the past year include Treemont, Hidden River, Laurelbrooke, Legends Ridge, Bonterra, Lynnwood Downs, Avalon, Carronbridge and the Enclave, Carlisle, Belle Vista and Reserve at Spencer Creek. Laurelbrooke has 24-hour staffed guard posts; Legends Ridge's gate is not staffed. In Temple Hills only The Reserve section is gated, and Westhaven is not gated.
Which Franklin neighborhoods have golf courses?
Westhaven has Westhaven Golf Club, an Arthur Hills, Steve Forrest and Associates course that no homes line. Temple Hills is built around the 27-hole Temple Hills Country Club and has fairway homes. Legends Ridge sits next to the 36-hole Vanderbilt Legends Club. In each case, club membership is separate from the HOA.
Where can you buy a home on an acre or more in Franklin?
Legends Ridge is the most consistent: recent sales sat on lots of 0.89 to 1.30 acre, with a median of 0.96. Laurelbrooke's recent lots ran 0.46 to 3.06 acres, and Lynnwood Downs is described in listings as having multi-acre lots. For farms and larger acreage, look beyond Franklin's subdivisions to Leiper's Fork and College Grove.
What is the median home price in Franklin, TN?
Franklin's single-family median sale price was $1,060,000 on 1,663 sales in the 12 months ending September 28, 2026, according to RealTracs MLS sales data; half sold between $790,000 and $1,550,000. Zillow's typical home value for the City of Franklin, which covers all home types, was $925,870 in August 2026.
Why are people moving out of Franklin, TN?
Official data does not show a net exodus. The Census Bureau estimates Franklin grew every year from 2020 to 2025, reaching 90,226, and Williamson County gained more domestic movers than it lost each year, including 2,274 in the year to July 2025. What is measurable is cost: Zillow's typical Franklin home value was $925,870 in August 2026, about 2.8 times the state's.
Sources
- Nashville Home Guru (Compass): Luxury homes in Franklin TN, RealTracs MLS 12 months ending Sept 28, 2026
- Nashville Home Guru (Compass): Franklin gated homes, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): New construction homes Franklin TN (homes built 2023+), RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Westhaven Franklin TN, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Laurelbrooke Franklin TN, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Legends Ridge Franklin TN, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Temple Hills Franklin TN, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Lockwood Glen Franklin TN, RealTracs MLS rolling 12 months
- Nashville Home Guru (Compass): Williamson County golf course homes
- Nashville Home Guru (Compass): Downtown Franklin TN
- Nashville Home Guru (Compass): Franklin historic homes (pre-1950), RealTracs MLS rolling 12 months
- Westhaven: Village Life (Parks & Trails)
- Westhaven Golf Club: Course Design
- Invited: Temple Hills Country Club
- SouthBrooke (Ford Classic Homes): SouthBrooke Community
- Top 100 Golf Courses: The Grove architects (search-result summary)
- Felix Homes: Troubadour in College Grove (search-result summary)
- Vanderbilt Athletics: Vanderbilt Legends Club facility page (search-result summary)
- Zillow Home Value Index (Franklin, ZIPs, planning areas and College Grove, August 2026)
- U.S. Census Bureau: City and town population estimates, Tennessee, 2020-2025 (SUB-EST2025_47)
- U.S. Census Bureau: County population estimates and components of change, 2020-2025 (CO-EST2025-alldata)
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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