Moving to Franklin TN: Cost, Communities & Tips

Whether you're a young professional, growing family, or retiree, Franklin's quality of life and economic upward trajectory make it a top choice in 2025.

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Introduction

If you're considering relocating to Franklin, Tennessee, you're not alone. This charming Southern city offers the perfect blend of small-town appeal, modern amenities, rich history, and economic opportunity. In this comprehensive moving to Franklin TN guide, you'll discover everything you need to know—from population stats and housing market trends to lifestyle, neighborhoods, and cost of living insights. Let’s dive in and explore why so many are making the move to Franklin, Tennessee.

Getting to Know Franklin, TN in 2025

Current Population and Growth

As of 2025, Franklin, TN is home to approximately 85,575 residents. This marks a 2.33% population growth from the prior year, showcasing its status as one of Tennessee’s fastest-growing suburban hubs. Located just 21 miles southwest of Nashville, Franklin combines the tranquility of suburban life with easy access to a major metropolitan area. Over the last few years, migration trends show that new residents come from across the country, with significant inflows from California, Florida, and Illinois.

Franklin’s sustained growth is bolstered by a strategic location, offering easy commuting access and top-tier infrastructure. The city has also invested in smart urban planning initiatives that allow for manageable expansion while preserving its historic character. New mixed-use developments, green spaces, and public transportation improvements are helping accommodate its rising population without sacrificing quality of life.

Franklin's Demographics

  • Median Age: 37.8 years
  • Racial/Ethnic Composition: White (Non-Hispanic): ~75%, Asian: ~8-9%, Black or African American: ~5-6%, Two or More Races: ~4-5%
  • Poverty Rate: 4.84%
  • Unemployment Rate: Around 3.2%

Franklin is family-focused and increasingly diverse, reflecting broader migration and economic patterns across the South. This diversity is also reflected in its cultural events, food scene, and community initiatives aimed at inclusivity. Programs such as multicultural festivals and inclusive education curricula in schools show Franklin’s commitment to creating a welcoming environment for all backgrounds.

Franklin TN Cost of Living 2025

The Franklin TN cost of living in 2025 continues to be above the national average, largely driven by elevated housing costs. While daily expenses such as groceries, healthcare, and utilities are manageable compared to other cities with similar desirability, the housing market requires careful budgeting.

Still, when measured against other high-demand metro areas like Austin, Denver, or even cities within California, Franklin’s cost-benefit ratio is compelling. Residents enjoy greater square footage, high-performing schools, and lower crime, contributing to a lifestyle that may be expensive but is also richly rewarding.

Home Prices and Housing Market

The median home value in Franklin is approximately $646,300 in early 2025. In popular neighborhoods, median prices often exceed $600,000 and can venture well into the $800,000 or higher range for new builds and luxury homes. Franklin’s residential market has remained strong thanks to a blend of sustained demand, quality school districts, and growing employment opportunities nearby.

The Franklin TN housing market trends reveal tight inventory and steady price appreciation—factors that contribute to its competitive landscape for buyers. New master-planned communities are being introduced with increased frequency, but demand consistently outpaces supply, keeping home values elevated year-over-year.

Buyers should also consider additional costs like property taxes (averaging around 0.75% of assessed value), homeowners association fees, and the cost of remodeling for older properties in some neighborhoods. With the right timing and agent, however, Franklin remains a smart long-term real estate investment.

Rental Market Overview

Renting in Franklin isn’t exactly cheap either. A standard two-bedroom apartment averages $1,900 to $2,300 per month. Premium complexes or condos near downtown may exceed this range. With homeownership rates around 64.3%, many newcomers choose to rent initially to explore different areas before buying.

Short-term rentals, furnished apartments, and corporate leases are also on the rise to accommodate a growing remote and hybrid workforce. This trend is leading to a diversification of rental offerings, making it easier for people relocating from out-of-state to transition smoothly.

Other Living Costs

  • Groceries: Roughly 5-8% above national average
  • Utilities: Comparable to national average
  • Transportation: Slightly higher due to car dependency and fuel costs
  • Healthcare: On par or slightly below national average, depending on provider

Despite housing premiums, many residents find the tradeoff worthwhile due to unparalleled community amenities, safety, and schools. Additionally, Tennessee’s lack of a state income tax can help offset higher local costs, especially for higher earners and retirees relying on fixed incomes.

Best Neighborhoods in Franklin TN

One of the biggest considerations when relocating to Franklin Tennessee is choosing the right neighborhood. Here are some top options:

1. Westhaven

A master-planned community known for its picturesque homes, golf course, and strong community spirit. Westhaven offers a village-like experience complete with cafes, retail, and communal events. Expect home prices starting in the $700,000s and higher.

The community's walkability, art festivals, neighborhood swim clubs, and school proximity make it ideal for families and those seeking a vibrant, all-in-one neighborhood experience.

2. Downtown Franklin

Perfect for those who appreciate historic charm. Homes in this area often feature preserved architecture, walkability, and proximity to restaurants, boutiques, and events. Great for active singles and couples seeking culture and connectivity.

The area is home to multiple historical sites and artisan shops that reflect Franklin’s Civil War-era roots, making it not just a place to live but also a cultural and historical immersion.

3. McKay's Mill

This neighborhood is family-friendly with good schools, parks, and community pools. It offers relatively more affordable housing options (though still above national averages), ranging mostly from $500,000–$700,000.

Residents enjoy a tight-knit community atmosphere with events like outdoor movie nights, holiday parades, and food truck festivals organized within the neighborhood association.

4. Ladd Park

Ideal for growing families, offering new construction homes, good HOA management, and quiet surroundings backed by the Harpeth River. Prices range from mid-$600,000s and upward.

Ladd Park also provides access to top-tier greenbelt trails, community centers, and proximity to main highways—making commuting and outdoor living a convenient combination.

5. Fieldstone Farms

One of the more accessible neighborhoods for first-time homebuyers. Presents a mix of single-family homes, townhouses, and solid property appreciation metrics. Prices generally start in the mid $400,000s.

The neighborhood features over 800 acres of planned community space, including tennis courts, pools, and miles of connecting sidewalks—appealing for both families and active adults.

Safety & Crime Rates

Safety is a top priority for anyone considering a move, and Franklin ranks favorably. The city has notably low crime rates:

  • Violent crime rate: ~71.3 per 100,000 residents
  • Property crime rate: ~83.8 per 100,000 residents

Both metrics are significantly below national averages, contributing to Franklin’s attractiveness as a family-oriented and peaceful place to live.

Franklin also benefits from well-staffed and community-engaged police and fire departments, including neighborhood watch programs and emergency preparedness education that bolster residents’ sense of security and neighborhood involvement.

Employment and Income in Franklin

Median household income in Franklin is an impressive $115,000 as of 2025. This reflects the city’s strong local economy and access to high-paying industries nearby, including healthcare, finance, tech, and education in Nashville’s metro area.

Major employers include:

  • Healthways
  • Community Health Systems
  • Franklin Special School District
  • Tech startups and healthcare institutions tied to Nashville

Beyond major employers, Franklin fosters a growing entrepreneurial ecosystem. Co-working spaces and business incubators support start-ups and solo professionals seeking a supportive location to grow their ventures while retaining quality of life.

Public and Private Schools

Public schools in Franklin are primarily served by the Williamson County School District, renowned for its academic excellence. Franklin High School, Centennial High, and Fred J. Page High regularly earn top scores in state rankings. Charter and magnet school options exist too, providing robust educational opportunities.

Private institutions like Battle Ground Academy offer high-quality education backed by strong reputations and extracurricular programming.

Additionally, the area provides several niche programs in STEM, arts, and early college initiatives for high schoolers, giving families a diverse selection of academic paths suited to their children’s needs and interests.

Things to Do in Franklin

Franklin boasts abundant cultural and recreational opportunities. Whether you're an art lover, music fan, or outdoor enthusiast, you'll find something to enjoy:

  • Historic Downtown: A lively scene with festivals, antiques, bistros, and artisan shops.
  • The Harpeth River: Popular for kayaking and nature walks.
  • Cultural Venues: The Franklin Theatre hosts film nights, concerts, and plays.
  • Events: Main Street Festival and Dickens of a Christmas draw thousands annually.

Other attractions include the Carnton Plantation and the Lotz House, offering rich historical tours, plus dozens of parks, music venues, and golf courses that round out an active lifestyle for residents of all ages.

Relocating to Franklin Tennessee: Tips for a Smooth Move

  1. Research neighborhoods: Match your lifestyle with a community’s amenities and price range.
  2. Talk to a local realtor: Franklin’s housing market can be fast-moving. A local expert provides insight and access to off-market opportunities.
  3. Plan your budget: Consider buying timelines, down payments, moving expenses, and ongoing costs.
  4. Schedule school tours: If you have children, visiting potential schools ahead of the move is invaluable.
  5. Visit before committing: Ideally, visit Franklin and spend several days evaluating neighborhoods and commute possibilities.

You might also consider hiring a relocation specialist or using local Facebook groups and online neighborhood forums to ask real residents for advice and recommendations.

Frequently Asked Questions

Is Franklin TN a good place to live in 2025?

Yes. Franklin ranks consistently among the best places to live in the South due to its safety, quality schools, employment opportunities, and vibrant lifestyle options.

How does the Franklin TN housing market compare to the national average?

The housing market in Franklin is more expensive than the U.S. average, with a median home value above $640,000. It remains competitive due to high demand and limited inventory.

What is the commute like from Franklin to Nashville?

Coverage by Interstate 65 allows easy access to downtown Nashville. Average commute times range from 25 to 40 minutes, depending on traffic and exact location within Franklin.

Does Franklin have good internet for remote workers?

Yes. Franklin is well-equipped with high-speed internet providers like AT&T Fiber, Xfinity, and Google Fiber in some zones. The reliable infrastructure makes it an appealing location for remote professionals.

Conclusion

Moving to Franklin, TN in 2025 offers a wealth of opportunities for families, professionals, and retirees alike. With strong income levels, low crime, great schools, and a dynamic community vibe, it's easy to see why this city continues to grow. Yes, the Franklin TN cost of living 2025 may be higher than other Tennessee cities, but you get substantial value in return. From the best neighborhoods in Franklin TN to unbeatable charm and lifestyle offerings, there’s a reason so many are choosing to call Franklin home. If you're planning on relocating to Franklin Tennessee, now's an excellent time to explore your options and join this thriving, welcoming community.

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