What to know when moving to Franklin, TN
Franklin at a Glance
- The Vibe:
- A highly educated ZIP where 58.6% of residents hold a bachelor's degree and only 22% rent.
- The Major Draw:
- Median household income is $121,492, providing a solid financial backdrop.
- The Reality Check:
- Median gross rent is $1,810, which may be high for some budgets.
- Commute:
- 0% of residents use public transit, indicating a car-dependent area.
- Top Tip:
- Prepare for $1,810/month in rent when budgeting for a move.
The 'Vibe' Check: Who Thrives Here?
Franklin is characterized by a well-educated population, with 58.6% of residents holding a bachelor's degree. The area has a lower renter percentage at 22%, indicating a community more inclined toward homeownership. The median household income of $121,492 suggests a comfortable living standard, although the median gross rent of $1,810 may pose a challenge for those on a tighter budget. With no public transit users, it's clear that residents rely heavily on cars for commuting.
Probably not your spot if you are looking for affordable rental options, as the median rent is quite high compared to other areas.
Your Money: Housing & Cost Snapshot
- Median gross rent is $1,810, which may stretch your budget.
- Median owner-occupied home value stands at $664,000, indicating a competitive housing market.
- 58.6% of residents have a bachelor's degree, contributing to a highly educated community.
- The poverty rate is 5.6%, which is relatively low.
Source: U.S. Census Bureau, ACS 5-Year Data Profiles.
Crime & Safety: What the Numbers Say
In Tennessee, the crime rates show a significant decline in recent years. The violent crime rate stands at 493.3 per 100,000 residents, which is 51.6% higher than the national average. Property crime is at 1,650.1 per 100,000 residents, 6.7% higher than the national average, but has decreased by 29.8% since 2022.
- Violent crime: 493.3 per 100k vs. 325.3 national, down 22.8% since 2022.
- Property crime: 1,650.1 per 100k vs. 1,546.9 national, down 29.8% since 2022.
- Notable trend: Homicide rate down 30.3% since 2022.
Source: FBI Crime Data Explorer (state-level summarized data for Tennessee).
Schools & Higher Ed
Franklin has access to a range of educational institutions, primarily within Williamson County. There are 4 postsecondary institutions in the area, including:
- Franklin Hair Academy School of Cosmetology
- Williamson Christian College
- Empire Beauty School-Nashville (nearby in Brentwood)
- Fortis Institute-Nashville (nearby in Nashville)
Source: ArcGIS Postsecondary School Locations, NCES, U.S. Dept. of Education College Scorecard.
Weather & Getting Outside
While climate data is unavailable, Franklin offers various outdoor spaces for residents to enjoy. Nearby parks and recreational spots include:
- Radnor Lake State Park - 4.7 stars (3,962 reviews)
- Warner Parks - 4.8 stars (2,428 reviews)
- CoolSprings Galleria - 4.4 stars (4,658 reviews)
- Pinkerton Park - 4.7 stars (1,331 reviews)
Source: Google Places API (New).