Franklin, TN

Population: 68,886
Average annual home appreciation rate: 9.33%
Total of homes for sale in this market: 259
Median home price: $327,425
Median Rent: $1,067 per room
Home price range: 28.25% of homes are between $317,001 – $423,000
Median sales price: $353,000
Number of homes: 47
Median foreclosure sales price: $278,650
Foreclosure discount: 21%
Most common home type: 63.22% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.06%
Number of renters: 30.72%
Number of owner occupied: 69.28%
Number people living below poverty level: 7.72%
Unemployment rate: 4.50%
Is this area perfect for real estate deals going on right now? Based on the last twelve months, short-term real estate investors have found good fortune in Franklin. Franklin appreciation rates in the latest quarter were at 2.26%, which equates to an annual appreciation rate of 9.33%.

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