Franklin, TN Real Estate
According to census data in the year 2000 there were 17,214 housing units in Franklin.
This represents a 96.8% growth from 8,748 in 1990.
Of those housing units, 17,083 were located in either urbanized areas or urban clusters, and 131 were located in what is classified as a rural area.
Homeownership rate in Franklin is about 63.5%.
Franklin's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Franklin were built after 1991.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 13.30% |
| Two Bedrooms | 26.20% |
| Three Bedrooms | 36.30% |
| Four Bedrooms | 20.80% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1992 |
| Median Value of occupied units | $184,500 |
| Median Price asked for vacant units | $207,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1988 |
| Median Monthly Rent asked for vacant units | $795 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 11.20% |
| Simple Mortgage | 68.30% |
| Debt Free | 13.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
