Franklin County, Tennessee home prices
Typical home $315,281 · +2.5% in a year · property tax 0.53%
The typical home in Franklin County is worth $315,281, 5% less than the Tennessee typical home ($330,844). Values changed +2.5% in the past year and +26.6% over five years. Homeowners here pay a median 0.53% of their home's value in property tax each year ($1,658 on the typical home), versus 0.46% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $63,056 | $252,225 | $1,697 | $0 | $296 | $1,993 | $85,400 |
| 10% down | $31,528 | $283,753 | $1,909 | $118 | $296 | $2,323 | $99,600 |
| 5% down | $15,764 | $299,517 | $2,015 | $125 | $296 | $2,435 | $104,400 |
| 3.5% down (FHA) | $11,035 | $309,571 | $2,083 | $139 | $296 | $2,518 | $107,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.53% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Tennessee · part of the Tullahoma metro area.
Tennessee counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Bradley County | $313,180 | +1.4% | 0.45% |
| Anderson County | $313,013 | +3.0% | 0.54% |
| Putnam County | $312,125 | +1.2% | 0.48% |
| Marshall County | $318,501 | +2.3% | 0.48% |
| Montgomery County | $318,644 | +0.4% | 0.61% |
| Coffee County | $308,088 | +1.6% | 0.57% |
| Smith County | $307,229 | +4.7% | 0.47% |
| Cannon County | $323,400 | +7.4% | 0.43% |
| Cumberland County | $306,289 | +0.8% | 0.29% |
| Washington County | $305,353 | +1.9% | 0.52% |
Frequently asked questions
What is the average home price in Franklin County, TN?
The typical home value in Franklin County is $315,281 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $85,400 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 0.53% of home value a year (Census ACS 2024 5-year estimates).