Franklin, TN Homes For Rent

Homes for Rent in Franklin, TN: What You Need to Know

Franklin, located in north-central Tennessee, is a suburb of Nashville and part of the rapidly growing Nashville economic region.

Job Opportunities

The 10-county Nashville business hub benefits from the presence of more than 53,000 companies in the area. Nissan North America is based in Franklin and one of the city’s biggest employers. Nissan’s local operations include engineering, sales and marketing, distribution, and manufacturing for the North American market. Other top employers in Franklin include Community Health Systems, Williamson Medical Center, Parallon Business Solutions (business support for health-care providers), and Verizon Wireless.

Weather and Climate

Although Tennessee isn’t part of the Tornado Alley, twisters are fairly common. On Dec. 24, 1988, an F4 tornado touched down in Franklin, resulting in one fatality and seven injuries. Property damage was estimated at about $8 million. Overall, Franklin can be quite wet but still enjoy a lot of sunshine. The city receives 53 inches of rain per year, more than the U.S. average of 38 inches, and only four inches of snow annually versus the national average of 28 inches. Franklin has about 211 sunny days per year compared with the U.S. average of 205 sunny days.

Local History

Franklin, named in honor of Founding Father Benjamin Franklin, was settled in 1799. The seat of Williamson County, Franklin was a successful agricultural town prior to the American Civil War. The bloody Battle of Franklin on Nov. 30, 1864, resulted in approximately 10,000 casualties, including people who were killed, wounded, captured, and missing. 

Cost of Living

When it comes to Franklin’s (population: 474,690) affordability, there’s good news and bad news. The city’s cost of living rate and food costs are 5.2% and 21.9% lower than the national average, respectively. However, housing costs in Franklin are 19.2% higher than the national average, with median gross rent at $1,481. In Tennessee, you won’t pay a tax on salaries and wages, but a 2% flat rate on income from interest and dividends. The Volunteer State collects 7% to 9.75% in sales tax. 

Know Your Neighborhoods

As a suburb of Nashville, many residents commute to the state capital. Franklin boasts of excellent public schools and lots of festivals and family-friendly events throughout the year. Don’t expect vibrant nightlife, but at least, Nashville is only 21 miles away. Families in search of top-ranked public schools should check out the suburbs of Brentwood and Mount Juliet.