Tennessee

Franklin County

43,478 residents341 permits TTM$61,553 median HHI9 ZIP codesUpdated April 28, 2026
Investor first look

Median home value

$215,700

ACS 5-Year

Cap rate proxy

4.8%

FMR × 0.65 ÷ Home Value

Rent-to-income

16.8%

HUD FMR ÷ ACS HHI

Net migration

+1.75%

IRS SOI

Permits (TTM)

341

Census BPS

Climate risk

57.5

FEMA NRI (0–100)

ZIP code breakdown9 ZIP codes
ZIPMedian home valueRent (FMR 2BR)Gross yieldCap rateRent gap
373185.5%
373764.8%
373834.8%
373454.5%
373244.0%

Ranked by composite score

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Demographics

Owner-occupied

76.4%

Census ACS

Vacancy rate

13.7%

Census ACS

Bachelor's degree +

23.1%

Census ACS

Rent burdened

34.0%

Census ACS (>30% income)

Median age

42.7

Census ACS

Data sources
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 28, 2026