Rent-to-Own Homes in Franklin, TN: What You Need to Know
Franklin’s community is growing and with good reason. It continues to maintain a peaceful small-town feel, even though Nashville is a short 25-minute drive away. But make no mistake, the city offers so much that you’ll never need a reason to leave.
This Tennessee city has seen a 21% spike in population over the past ten years. Today, 83,097 people reside in Franklin. Nearly half of residents are married with children, making it the ideal place to raise a family. Franklin is predominantly White (79%), followed by Latino (7%), Black (6%), Asian (6%), and two or more races (2%). Citizens in the region live well, with a median household income of $94,808 annually.
Franklin’s Housing Availability
Homes in Franklin are beautiful and diverse, ranging from charming historic houses to stately turnkey properties. However, as the population grows, so do its real estate prices. The median cost of a home in Franklin is $460,000. 61% of the market consists of 2-4 bedroom single-family homes, while another 24% comprises apartment complexes. Most residents own their properties (67%) while a smaller group (33%) rents.
Know Your Neighborhoods
Franklin locals divide their city into regions: northeast, southeast, northwest, southwest, and Historic Downtown. Each of these sections has its variety of neighborhoods. Some of the most distinguished ones include:
Polk Place: This quiet and safe area near Downtown has beautiful brick homes along tree-lined streets.
Historic Downtown: This upbeat and walkable neighborhood has endless activities for all age groups but is still tranquil enough to live comfortably.
Westhaven: An upscale community with a small-town feel, including amenities such as a golf course, swimming pools, and fitness center, among others.
Cool Springs: A newer neighborhood in the outskirts of town. It attracts visitors from all over the Nashville area with its many hotels, restaurants, and the Galleria Cool Springs mall.
Franklin’s tight-knit community culture can be summed up in one statement by The Downtown Franklin Association (DFA). They boast, “We’ve earned recognition as an authentic, eclectic community whose locals have never met a stranger.”
Southern charm is kept alive along the historic streets of downtown Franklin. Revelers can grab a bite of classic Southern fare before seeing a live show and later wrapping up the night with craft beers and cocktails in one of the many lively bars. The DFA frequently hosts special events for the community to gather and celebrate.
Beyond Downtown, residents can enjoy Franklin’s various green parks or indulge in the vast shopping selection at Cool Springs.
Schools and Education
Franklin’s public education is top quality. The Williamson County school district is ranked #1 in the state. Students here score 61% higher on tests than the national average, and 94% go on to graduate high school. There are 19 public schools and 11 private schools in the city.