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Market Intelligence · TN / Williamson County

Franklin, TN home prices and housing market

3 ZIP markets liveData updated September 2026Typical value$942K1-yr changeUp3.0%

The typical home value in Franklin, TN is $942K as of September 2026, up 3.0% from a year ago, based on the Zillow Home Value Index. In the typical Franklin ZIP code, the median list price is $1.11M and homes spend a median of 61 days on market as of September 2026 (Realtor.com).

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The coverage

Franklin, by the numbers.

Typical home valueZillow ZHVI, September 2026
$942K
1-yr changeMedian across Franklin ZIPs
+3.0%
ZIP markets live5 tracked in Franklin
3
County
Williamson County

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12-month value trend

+3.0% over 12 months

Typical home value in Franklin over the last 12 months: $914K in Sep 2025 to $942K in Sep 2026 (+3.0%).

Sep 2025$914K

Sep 2026$942K

Median Zillow home value index across Franklin's ZIP codes.

Context

Franklin's housing market has held steady through September 2026. The typical home value in the city is $941,539, up 3.0% over the past year. Sellers are pricing high, with a median list price of $1,112,500. Inventory is moderate, with 714 homes for sale and 214 new listings coming on the market. Homes are taking a while to move, sitting a median of 61 days, and 19.0% of listings have taken a price cut. For a Franklin homeowner weighing a sale, values have grown, but buyers are negotiating, so realistic pricing matters more than timing.

The numbers

What is the housing market like in Franklin, TN?

Typical home value

$942K

Up3.0%YoY

Median list price

$1.11M

Days on market

61

Homes for sale

714

Price cuts

19.0%

New listings

214

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Franklin's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Franklin, TN home prices over time

Typical home values in Franklin, TN are up 3.0% over the past year, from $914K in September 2025 to $942K in September 2026.

Typical home value in Franklin, TN, September of each year
MonthTypical value1-yr change
September 2026$941,539+3.0%
September 2025$913,924No prior year

Typical value is the median Zillow Home Value Index across Franklin ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Franklin, TN a buyer's or seller's market?

Franklin, TN leans toward a buyer's market.

Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate.

Based on a median of 61 days on market and 19% of listings with a price cut in the typical Franklin ZIP code, and 214 new listings against 714 active listings across Franklin, as of September 2026 (Realtor.com).

The outlook

Franklin housing market forecast 2027

+0.6%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 3 Franklin ZIP codes, points to typical home values rising 0.6% by September 2027.

Over the 12 months through September 2026, typical home values in Franklin rose 3.0%, per the Zillow Home Value Index.

Will home prices drop in Franklin?

The forecasts do not call for a drop: a weighted average of Zillow's ZIP forecasts for Franklin shows typical home values rising 0.6% by September 2027, after a 3.0% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 3 Franklin ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Franklin?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier. We track 5 Franklin ZIP codes in total; the remaining 2 publish as their data clears editorial QA.

Zillow ZHVI, September 2026

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Common questions

Questions about Franklin, TN home prices.

How much is a home in Franklin, TN worth?

The typical home value in Franklin is $941,539 as of September 2026, up 3.0% over the past year. That figure reflects a citywide typical value, not any single property.

How long does it take to sell a home in Franklin, TN?

Homes in Franklin spent a median of 61 days on the market as of September 2026. About 19.0% of listings had a price cut, so pricing accurately from the start can help avoid a long listing.

How competitive is the Franklin, TN housing market?

As of September 2026, Franklin had 714 homes for sale and 214 new listings, with a median list price of $1,112,500. The share of listings with a price cut stood at 19.0%, suggesting buyers have some room to negotiate.

Are home prices going up or down in Franklin, TN?

Typical home values in Franklin, TN are up 3.0% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Franklin, TN a buyer's or seller's market?

Franklin, TN leans toward a buyer's market. Homes are taking longer to sell and homes for sale are building up relative to new listings, which gives buyers more room to negotiate. Based on a median of 61 days on market and 19% of listings with a price cut in the typical Franklin ZIP code, and 214 new listings against 714 active listings across Franklin, as of September 2026 (Realtor.com).

Nearby markets

More Tennessee housing markets.

The market is moving

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