Franklin, TN home prices
Median sale price, price per square foot and three years of change for Franklin, Tennessee, with the source and date next to every number.
Franklin home prices at a glance
As of August 31, 2026, the median sale price in Franklin, Tennessee was $863,000, up 12.8% from a year earlier and up 15.2% from Sep 2023, the start of the three-year window. The median price per square foot was about $331. Over those three years the median ranged from $728,500 (Mar 2024) to $875,000 (Jul 2026).
Source: Redfin Data Center. Figures are rolling 3-month values ending August 31, 2026.
Franklin median price and price per square foot over time
Median sale price
Price per square foot
| Period ending | Median price | Price / sq ft | Days on market |
|---|---|---|---|
| Aug 2026 | $863,000 | $331 | 49 |
| Aug 2025 | $765,000 | $328 | 50 |
| Aug 2024 | $830,900 | $314 | 44 |
Franklin home prices compared with nearby cities
Numbers only, listed alphabetically after Franklin. These are different places with different home types, so a lower or higher number is not a ranking.
| City | Median price | Change vs. year earlier | Price / sq ft |
|---|---|---|---|
| Franklin | $863,000 | +12.8% | $331 |
| Brentwood | $1,427,500 | +5.3% | $357 |
| Columbia | $367,250 | −1.3% | $195 |
| Murfreesboro | $432,700 | −0.5% | $211 |
| Nolensville | $925,000 | −7.5% | $300 |
| Spring Hill | $509,000 | −4.0% | $236 |
| Thompson's Station | $835,000 | −1.8% | $297 |
What a median-priced Franklin home could cost per month
With 20% down on $863,000 and a 30-year fixed rate of 7.28%, principal and interest would be about $4,724 a month. With 10% down it would be about $5,314 a month, before mortgage insurance.
This is an illustration, not a loan quote. It uses the Freddie Mac average 30-year fixed rate for the week of October 1, 2026 (7.28%, source: FRED), and your rate will depend on your credit, loan type and lender. It excludes property taxes, homeowner’s insurance and mortgage insurance. Try your own numbers in the mortgage calculator.
Franklin home prices FAQ
What is the median home price in Franklin, TN?
The median sale price was $863,000 for the three months ending August 31, 2026, up 12.8% from a year earlier (source: Redfin Data Center). The median is the middle sale price, so half of homes sold for more and half for less.
Is the median price the same as the average price?
No. The median is the middle value, while an average adds every price and divides by the count, so a few very expensive sales can pull an average up. This page uses the median.
How much per square foot are homes in Franklin, TN?
The median sale price per square foot was about $331 for the three months ending August 31, 2026, up 1.0% from a year earlier (source: Redfin Data Center). It varies a lot with home size, age and location.
Have Franklin home prices gone up?
Over the three years from Sep 2023 to Aug 2026, the median sale price moved from $748,998 to $863,000, a change of +15.2%. Over the last year it changed +12.8%. Past changes do not predict future ones.
What would the monthly payment be on a median-priced Franklin home?
As a sample only: with 20% down on $863,000 and a 30-year fixed rate of 7.28% (Freddie Mac, week of October 1, 2026), principal and interest would be about $4,724 a month. That excludes property taxes, insurance and any mortgage insurance, and it is not a loan quote.
These figures are general market statistics for the whole city and may not reflect any one home, price range or neighborhood. This page is general information, not legal, tax, lending or financial advice. Equal Housing Opportunity.
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