Franklin

Population: 85,575
Median household income: $115,000
Median home value: $646,300

Franklin, a community in Williamson County, Tennessee, has 85,575 residents. Its median household income of $115,000 runs below the Williamson County figure of $131,202.

From 2019 to 2023, Franklin's population grew 9.8% from 77,939 to 85,575, while its median home value rose 56.7% from $412,400 to $646,300.

Households average 2.56 people. The median gross rent is $1,861.

Demographics

ACS 2019–2023

Population: 85,575
Median age: 37.8 yrs
Median household income: $115,000
Median home value: $646,300
Median gross rent: $1,861
Housing units: 34,971
Homeownership rate: 64.3%
Bachelor's degree or higher: 64.3%
Unemployment rate: 2.4%

Trends

ACS 5-year · 2019–2023

Population

77,93985,575

Median household income

$98,231$115,000

Median home value

$412,400$646,300

Median gross rent

$1,481$1,861

Year	Population	Median household income	Median home value	Median gross rent
2019	77,939	$98,231	$412,400	$1,481
2020	80,675	$100,169	$438,800	$1,553
2021	81,531	$102,721	$468,200	$1,630
2022	83,630	$106,592	$574,000	$1,785
2023	85,575	$115,000	$646,300	$1,861

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 56.6%

5 to 1718.1%

18 to 248.2%

25 to 3412.5%

35 to 4416.0%

45 to 5413.2%

55 to 6411.5%

65 to 747.5%

75 and over6.3%

	Count	Share
Under 5	5,682	6.6%
5 to 17	15,449	18.1%
18 to 24	7,041	8.2%
25 to 34	10,723	12.5%
35 to 44	13,696	16.0%
45 to 54	11,264	13.2%
55 to 64	9,875	11.5%
65 to 74	6,451	7.5%
75 and over	5,394	6.3%

Race & ethnicity

	Count	Share
White (non-Hispanic)	63,571	74.3%
Black or African American	4,935	5.8%
American Indian & Alaska Native	57	0.1%
Asian	7,591	8.9%
Native Hawaiian & Pacific Islander	0	0.0%
Some other race	367	0.4%
Two or more races	2,818	3.3%
Hispanic or Latino (any race)	6,236	7.3%

Educational attainment (age 25+)

No high school diploma4.1%

High school graduate11.5%

Some college or associate's20.0%

Bachelor's degree39.8%

Graduate or professional degree24.5%

	Count	Share
No high school diploma	2,380	4.1%
High school graduate	6,621	11.5%
Some college or associate's	11,498	20.0%
Bachelor's degree	22,826	39.8%
Graduate or professional degree	14,078	24.5%

Commute to work

Mean travel time to work: 25 min

Drove alone63.6%

Carpooled5.4%

Public transit0.1%

Walked1.1%

Bicycle0.1%

Worked from home28.2%

Other means1.4%

How workers get to work

	Count	Share
Drove alone	28,623	63.6%
Carpooled	2,439	5.4%
Public transit	52	0.1%
Walked	495	1.1%
Bicycle	48	0.1%
Worked from home	12,692	28.2%
Other means	623	1.4%

Travel time

	Count	Share
Under 15 min	8,738	27.1%
15 to 29 min	12,165	37.7%
30 to 44 min	7,108	22.0%
45 to 59 min	3,001	9.3%
60+ min	1,268	3.9%

Households

Average household size: 2.56
Poverty rate: 4.8% (4,106 of 84,808)

	Count	Share
Family households	22,739	68.6%
Nonfamily households	10,419	31.4%

Housing

Median year structure built: 2001

Occupancy

	Count	Share
Occupied	33,158	94.8%
Vacant	1,813	5.2%

Tenure (of occupied units)

	Count	Share
Owner-occupied	21,318	64.3%
Renter-occupied	11,840	35.7%

1-unit, detached57.8%

1-unit, attached7.7%

2 to 4 units4.9%

5 to 19 units13.6%

20 or more units15.1%

Mobile home & other1.0%

Units in structure

	Count	Share
1-unit, detached	20,211	57.8%
1-unit, attached	2,682	7.7%
2 to 4 units	1,699	4.9%
5 to 19 units	4,771	13.6%
20 or more units	5,267	15.1%
Mobile home & other	341	1.0%

Geography

Place GEOID: 4727740
Type (LSAD): 25
Land area: 45 sq mi
Water area: 0.21 sq mi
Center point: 35.9140, -86.8522