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Fixer Upper Homes in Franklin, TN

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Franklin, TN Foreclosures

How much do homes sell for in Franklin, TN?
The average home price is currently $1,039,299.
In Franklin, TN, how many homes are available?
There are currently 85 active home listings available in Franklin.
What’s the average rental cost in Franklin, TN?
The average rental price in Franklin is $2,451.
What is the most expensive home in Franklin?
The most expensive home sold in Franklin had a price of $52,051,900.
What is currently the cheapest priced home in Franklin, TN?
The cheapest home for sale in Franklin is priced at $12,595.

Living in Franklin, TN

Franklin, TN is a historic and picturesque city located just south of Nashville. It boasts a vibrant downtown area filled with shops, restaurants, and beautiful parks. The community is known for its family-friendly environment, excellent schools, and rich cultural events, making it an ideal place to call home.

Current Market Conditions in Franklin, TN

The real estate market in Franklin is currently competitive, with a significant demand for homes resulting in rising property values. The proximity to Nashville continues to attract buyers, leading to a median home price increase over the last year. Many families and professionals are seeking the suburban lifestyle that Franklin offers, contributing to a floor of positive growth in the real estate sector.

Homes in Franklin are being sold quickly, often receiving multiple offers. The market is primarily driven by families relocating for work and young professionals looking for a vibrant community with educational opportunities and recreational amenities. First-time buyers may face challenges due to elevated prices but can find potential in emerging neighborhoods.

Home Value Estimator For Franklin, TN

There are currently 35,592 real estate properties in Franklin, TN, with a median automated valuation model (AVM) price of $825,615.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Franklin, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Franklin, TN, is $1,039,299.00, with the most expensive house in Franklin, TN, topping out at $52,051,900.00 and the cheapest home in Franklin, TN, clocking in at $12,595.00. In other words, there’s something for every potential homebuyer or savvy investor in Franklin, TN!

Rent Prices In Franklin, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin, TN, is on a rollercoaster ride. The average rent price in Franklin, TN, is $2,451.00. Indeed, when looking to rent in Franklin, TN, you can expect to pay as little as $720.00 or as much as $4,140.00, with the average rent median estimated to be $2,460.00. The good news is that finding an affordable and desirable property to rent in Franklin, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Franklin, TN Fixer Upper Homes

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