The Franklin, TN housing market is holding its price while giving buyers more time. Zillow's typical Franklin home value reached $913,277 in September 2026, up 3.02% in a year and at its peak, while Nashville fell 2.53%. Williamson County listings rose 14.8% to 1,677, so expect more homes to choose from and longer negotiations, not lower prices.
You're relocating to Franklin and want to know what homes cost now, whether prices are rising or falling, and how much room you'll have to negotiate.
Franklin housing market at a glance
| Zillow's typical Franklin home value | $913,277 (September 2026) |
|---|---|
| Change in 12 months | +3.02% (Nashville -2.53%) |
| Change in 10 years | +109.8% |
| Williamson County median list price | $1,155,000 (Realtor.com, September 2026) |
| Williamson County active listings | 1,677, up from 1,461 a year earlier |
| Williamson County median days on market | 63 (59 a year earlier) |
| 30-year mortgage rate | 7.4% (Freddie Mac, October 15, 2026) |
Franklin home values and ZIP codes
Zillow's typical Franklin home value was $913,277 in September 2026, 3.0% higher than a year earlier and its highest on record. Over ten years it is up 110%. Williamson County's typical value is $916,175; Nashville's is $425,889.
| ZIP code | Zillow's typical value | Past year | 5 years |
|---|---|---|---|
| 37046 (College Grove) | $1,295,361 | +3.3% | +28.4% |
| 37014 (Arrington) | $1,278,009 | +2.9% | +33.2% |
| 37027 (Brentwood) | $1,220,331 | +4.3% | +34.5% |
| 37069 | $998,910 | +3.5% | +30.9% |
| 37067 | $941,539 | +3.0% | +32.5% |
| 37064 | $901,467 | +2.8% | +30.2% |
| 37135 (Nolensville) | $815,890 | +3.2% | +27.6% |
| 37179 (Thompsons Station) | $718,864 | +1.2% | +28.8% |
| 37062 (Fairview) | $540,174 | +0.1% | +25.8% |
| 37174 (Spring Hill) | $515,567 | +0.4% | +20.2% |
Zillow Home Value Index (Zillow's typical home value: the middle of the market, all home types, smoothed and seasonally adjusted), September 2026.
Franklin housing market in 2026: more listings, no discount
Supply and prices rose together this year: Realtor.com counted 1,677 active listings in Williamson County in September 2026, against 1,461 a year earlier, while Zillow's typical Franklin value gained 3.02%. That gives you time and choice without a lower price.
Shop with patience, but don't build your budget around a discount. Plan on paying near the typical value for the part of Franklin you want, and use the extra listings to be choosier about the house, the commute and the school system. Your budget decides where to start:
| Your budget | Start with (Zillow's Franklin areas, September 2026) | The catch |
|---|---|---|
| Under $700,000 | Southall ($570,803) or Central Franklin ($692,812) | Southall is still under its July 2022 peak of $586,993 |
| $700,000 to $850,000 | McEwen ($722,425), Berrys Chapel ($755,440) or Carnton ($807,718) | Berrys Chapel rose 5.19% in a year, so this band is moving up |
| $900,000 to $1 million | ZIPs 37064, 37067 and 37069, or West Harpeth ($984,295) | 37067 and 37069 peaked in March 2026 and have eased slightly since, so check recent sales |
| Over $1 million | Seward Hall ($1,016,752), McLemore ($1,415,604) or Brentwood | McLemore rose 7.46% in a year, the fastest in Franklin |
Franklin home values: Zillow's typical $913,277
Zillow's typical home value tracks the middle of the market across all home types. Franklin's stands at $913,277, its highest reading, up from about $421,000 in January 2016. At a record high with 3% gains, set your search at that level and don't plan on a bargain.
Williamson County listings up 14.8%
Listings peaked at 1,700 in August 2026 and bottomed at 1,064 in January. The 14.8% rise from a year earlier gives you more homes to compare and more room to ask for repairs or closing help.
Williamson County days on market
Realtor.com's median time on market in Williamson County was 63 days in September 2026, up from 59. It was shortest in April (49 days) and longest in January (76). A listing past that median has sat longer than half the county's listings, which is your cue to ask for terms.
Is the Franklin housing market a buyer's or seller's market?
It's leaning toward buyers on time and terms while sellers still hold on price. Listings and days on market are both up, which favors you. Values are still rising, which favors them.
Nashville metro sale-to-list and price cuts
Across the Nashville metro (all price points, not Franklin alone), homes sold for 97.8% of list price in August 2026, and 34% of listings had cut their price. Days to pending rose to 64 from 58 a year earlier, and metro inventory reached 11,785 homes against 10,765. On a $913,277 home, a 97.8% sale-to-list ratio is about $20,000 below asking. Treat that as a metro average, not a Franklin rule: check the sale-to-list ratio on recent sales near the home you want.
Franklin housing market negotiating points
Your lever is time, and it works best on terms. Once a listing passes the county's 63-day median, ask for seller-paid closing costs, repairs after inspection or a closing date that matches your job start. On the typical home, $10,000 of closing help is about 1% of the price. A one-point rate buydown on a new build is worth more: about $489 a month on the typical loan.
Median home price in Franklin: list price vs typical value
Use Zillow's typical value, $913,277, for Franklin. Realtor.com's $1,155,000 median list price covers all of Williamson County and measures asking prices, so it runs higher.
| Measure | Area | Figure |
|---|---|---|
| Median list price (Realtor.com) | Williamson County | $1,155,000 |
| Typical home value (Zillow) | Williamson County | $916,175 |
| Typical home value (Zillow) | Franklin | $913,277 |
| Median sale price (Zillow, metro) | Nashville metro | $467,883 |
Realtor.com median list price for Williamson County
The median asking price in Williamson County was $1,155,000 in September 2026, 26% above Zillow's typical county value. The gap means the homes for sale at any moment lean bigger or newer than the typical home, so the list median overstates what you'll pay for an ordinary house. Judge an offer against values for the ZIP, not against the median list.
Zillow's typical value by Franklin ZIP
Franklin's three residential ZIPs sit close together: 37064 at $901,467, 37067 at $941,539 and 37069 at $998,910. The ZIP table above has every Williamson County ZIP, and the guide to Franklin ZIP codes explains what each covers. A Franklin mailing address doesn't mean city limits, so check the parcel record for taxes and schools.
Zillow's Franklin areas, from Southall to McLemore
Zillow also splits Franklin into broad city areas, which aren't subdivisions. They run from Southall at $570,803 and Central Franklin at $692,812 up to McLemore at $1,415,604. That spread is wider than the ZIP spread, so the part of town decides more of the price than the ZIP does. The Franklin neighborhoods overview covers the subdivisions inside them.
Franklin housing market vs Brentwood, Nashville and nearby towns
Among these eight markets, only Brentwood costs more than Franklin (Zillow's typical value and one-year change, September 2026):
| City | Typical value | 12-month change |
|---|---|---|
| Brentwood | $1,388,985 | +4.08% |
| Franklin | $913,277 | +3.02% |
| Nolensville | $834,285 | +3.56% |
| Thompson's Station | $728,431 | +1.44% |
| Fairview | $535,208 | +0.23% |
| Spring Hill | $518,832 | +0.41% |
| Nashville | $425,889 | -2.53% |
| Murfreesboro | $424,348 | -0.51% |
Brentwood vs Franklin home prices
Brentwood is more expensive: its typical home is $1,388,985, about $476,000 more than Franklin's, and it rose faster this year. If you want to be near Brentwood for less, Franklin's 37067 ZIP, which takes in Cool Springs, runs $941,539. The Brentwood relocation page covers the town itself.
Nashville vs Franklin home prices
Franklin's typical home costs 2.1 times Nashville's. Nashville fell the most of these markets, Murfreesboro slipped 0.51%, and Davidson County remains below its August 2022 peak. A buyer looking for a discount has better odds there than in Franklin.
Spring Hill and Fairview housing market
The two lowest-priced Williamson County towns grew less than 1% this year. Spring Hill is still below its July 2022 peak of $543,907. Flat prices plus the county's lowest typical values make them the cheapest way to own in Williamson County.
Are Franklin home prices going down?
No. Franklin's typical value is at its all-time high and has risen 30.9% in five years and 109.8% in ten. The yearly gain has slowed to about 3%, well below the jumps of 2021 and 2022.
Franklin's 10-year housing market trend
The ten-year chart above has one real fall: from $886,789 in July 2022 to $827,436 in April 2023, about 6.7%, as mortgage rates rose sharply. Franklin passed that old peak in November 2024, and two later dips of about 1% have since reversed. Williamson County as a whole is up 110.37% over ten years, about the same as Franklin. Mortgage rates, at 7.4% in mid-October 2026, move your monthly cost more than a 3% price change does.
Here's the arithmetic on the typical home with 20% down. A year of 3.02% growth adds about $153 a month to principal and interest ($5,059 to about $5,211). A one-point drop in the rate, from 7.4% to 6.4%, would cut the same payment by about $489. Waiting a year for a lower rate can pay off. Waiting for a lower Franklin price has paid once in ten years of Zillow data, by about $59,000 on the typical home, and that gain was gone by November 2024.
When to buy in the Franklin housing market
Buy in late summer for choice and in January for bargaining room. In 2026 Williamson County listings were thinnest in January and fullest in August, and January's 76-day median gave buyers the longest-sitting listings to negotiate on.
- Compare every list price with Zillow's value for its ZIP or area.
- Check how long the home has been listed against the county's 63-day median.
- Pull the parcel record for city limits, the school system and the tax rate.
- Price the monthly cost with tax using the Franklin cost of living budgets.
- Compare resale with new: the new construction guide for Franklin lists builder starting prices.
The Franklin relocation guide sets out the full order of a move. Bill can send you recent sales for any home you're considering, so your offer starts from what's closed, not what's asked.
Sources (5)
Reviewed by Bill Diebenow
Bill reviewed this page for accuracy on November 3, 2026. Figures come from the sources listed above. Our research process.
Bill Diebenow is a Franklin, Tennessee Realtor® and LeadingRE Relocation Specialist with Compass, helping families and executives relocate to Franklin and Williamson County.
- $26M+Career sales volume, as reported by Bill
- 34Client reviews, as reported by Bill
- 10 yrsSince Bill moved his own family to Tennessee
Career figures as published on billdiebenow.com (About), read November 2026.