Franklin is a mid-sized city located in the state of Tennessee. The city has a population of 70,625 inhabitants. If we take a look at the last Census, the vast majority of the population falls within one racial group (86% White). Given that fact, Franklin could be considered less diverse than other cities. If you are looking for a family friendly city, Franklin might be a good fit as 84% of the population over 15 years old are married, and 50% have kids who are 18 years old or younger.
Without the right tools, relocating to any new city can be very stressful and challenging. Living in Franklin, Tennessee could be a good experience for anyone who puts in the time to do the research required. Finding the best places to live in Franklin and nearby areas is a much easier task when you can rely on information and data from the livability score, which includes weather, education, employment and other important metrics.
Franklin, TN receives 84/100 for its livability score; this results in a ranking of #5 in Tennessee and #468 in the USA. Pack your bags! This is a very high score in comparison to other US cities. Living in Franklin could be a great choice! Franklin has also earned the rare honor of ranking in the top 10 percentile among all cities. If we explore each of the categories on their own, we see that Franklin ranks well for amenities (A+), crime (A-), education (A+) and employment (B+). There are some categories that Franklin ranks poorly for, including: cost of living (F). It might be worth taking a closer look to determine why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Franklin on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops. Some of the interesting things to do and attractions include: Lotz House Museum, Historic Carnton Plantation, and Carter House.
Crime rates can be the deciding factor for anyone looking to relocate to a new area. Franklin gets top scores for their low violent crime rates of 190 crimes per 100,000 residents, which are significantly lower than the national average.
The average school test scores in Franklin are 79%. This far exceeds the national average and ensures that this educational system will provide your children with the skills and the tools they need to thrive.
Being close to public transportation, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Franklin. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Franklin are affordable. Median real estate prices in Franklin come in at $342,900, which is 134.9% higher than the Tennessee average. The home price to income ratio compares the median home prices to the median household income. In Franklin, the home price to income ratio is 3.9, which is 25.8% higher than the Tennessee average. Year over year appreciation rates for homes in the Franklin area were 6.5% and the 5 year appreciation rates came in at 7.4%. Why is this important? Knowing the appreciation rates for any area is a quick and easy way to determine if you will see a solid return on your investment.