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Franklin city, TN

ZIP 37064 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLarge CommunityLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37064

Median Home Value
$664,000
Median Rent
$1,675
Affordability Snapshot
$183,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,265/mo PITI).

17%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

5.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

33.0 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 37064 in Franklin city, TN, a household would need roughly $183,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $4,265. That is about 51% above the local median household income ($121,492), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Mostly owner-occupied, low vacancy — stable housing market.

Heating Fuel
Housing Metrics
Owner Occupied
78.0%+19% vs US avg
x
Vacancy Rate
4.1%-60% vs US avg
x
Broadband Access
93.5%+7% vs US avg
x
4+ Bedrooms
7.8%-47% vs US avg
x
Built Pre-1939
1.4%-89% vs US avg
x
Built Post-2014
2.4%-65% vs US avg
x
Rent Burden >30%
24.4%-51% vs US avg
x
Mortgage-Free
30.0%-21% vs US avg
x
$664,000
Home Value
$1,675
Rent
1998
Year Built
2015
Moved In

Residents have lived here since ~2015 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached75.2%
  • 1-unit attached6.3%
  • 2-9 units7.2%
  • 10+ units8.9%
  • Mobile home & other2.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$664,000
Median rent$1,675
Owner-occupied78.0%
Vacant4.1%
Price-to-income5.5x
Est. income to buy$183,000