Most Expensive Franklin Neighborhoods
Franklin is a larger medium-sized city located in the state of Tennessee. With a population of 70,612 people and 18 constituent neighborhoods, Franklin is the ninth largest community in Tennessee.
Franklin home prices are not only among the most expensive in Tennessee, but Franklin real estate also consistently ranks among the most expensive in America.
Franklin is a decidedly white-collar city, with fully 92.11% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin is a city of professionals, managers and sales and office workers. There are especially a lot of people living in Franklin who work in management occupations (16.62%), sales jobs (13.48%) and business and financial occupations (11.11%).
Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.
Of important note, Franklin is also a city of artists. Franklin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Franklin’s character.
A relatively large number of people in Franklin telecommute to their jobs. Overall, about 7.99% of the workforce works from home. While this may seem like a small number, as a fraction of the total workforce it ranks among the highest in the country. These workers are often telecommuters who work in knowledge-based, white-collar professions. For example, Silicon Valley has large numbers of people who telecommute. Other at-home workers may be self-employed people who operate small businesses out of their homes.
Franklin is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The city’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Franklin’s overall crime rate is lower than average for the country.
If knowledge is power, Franklin is a pretty powerful place. 56.13% of the adults in Franklin have earned a 4-year college degree, masters degree, MD, law degree, or even PhD. Compare that to the national average of 21.84% for all cities and towns.
The per capita income in Franklin in 2010 was $40,447, which is wealthy relative to Tennessee and the nation. This equates to an annual income of $161,788 for a family of four. However, Franklin contains both very wealthy and poor people as well.
Franklin is a somewhat ethnically-diverse city. The people who call Franklin home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Franklin residents report their race to be White, followed by Black or African-American. Important ancestries of people in Franklin include German, Irish, English, Italian, Scottish and Scots-Irish.
The most common language spoken in Franklin is English. Some people also speak Spanish.
|NUMBER OF HOMES AND APARTMENTS||25,740|
|FRANKLIN HOME OWNERSHIP|
|% OWNER OCCUPIED||67.75%|
|% RENTER OCCUPIED||32.25%|
|TYPE OF FRANKLIN HOMES|
|SINGLE FAMILY DETACHED||63.85%|
|ROWHOUSES AND ATTACHED HOMES||8.51%|
|SMALL APARTMENT BUILDINGS||4.56%|
|COMPLEXES OR HIGH RISE APARTMENTS||21.76%|
|SIZE OF FRANKLIN HOMES|
|5 OR MORE BEDROOMS||4.69%|
|AGE OF FRANKLIN HOMES|
|NEWER HOMES (2000 OR LATER)||31.61%|
|ESTABLISHED, BUT NOT OLD HOMES (1970-1999)||58.71%|
|WELL-ESTABLISHED, OLD HOMES (1940-1969)||7.62%|
|HISTORIC (1939 OR BEFORE)||2.06%|
|FRANKLIN REAL ESTATE INFORMATION||DETAILS|
|MEDIAN HOME VALUE||$392,275|
|MEDIAN RENTAL PRICE||$1,336|
|HOME VALUE RANGE|
|$0 - $64,000||2.51%|
|$64,001 - $127,000||1.32%|
|$127,001 - $255,000||14.04%|
|$255,001 - $382,000||28.65%|
|$382,001 - $510,000||28.13%|
|$510,001 - $637,000||12.99%|
|$637,001 - $956,000||9.39%|
|$956,001 - $1,274,000||1.62%|
|PEOPLE OF FRANKLIN||DETAILS|
|UNDER 5 YEARS||6.41%|
|5 TO 17||20.10%|
|18 TO 24||7.52%|
|25 TO 34||11.86%|
|35 TO 54||31.40%|
|55 TO 64||11.92%|
|65 YEARS AND OVER||10.79%|
|EDUCATIONAL ATTAINMENT OF ADULTS|
|HIGH SCHOOL GRADUATES||94.29%|
|MEDIAN HOUSEHOLD INCOME||$81,432|
|PER CAPITA INCOME||$40,447|
|INDIVIDUALS BELOW POVERTY LEVEL||7.27%|
|INDUSTRIES PEOPLE WORK IN||Healthcare (16.22%)
Professional, scientific, and technical services (10.42%)
Information Technology (3.70%)
Public Service (2.42%)
Real estate (2.14%)
|BLACK OR AFRICAN AMERICAN||5.55%|
|AMERICAN INDIAN AND ALASKA NATIVE||0.04%|
|NATIVE HAWAIIAN AND OTHER PACIFIC ISLANDERS||0.00%|
|SOME OTHER RACE ALONE||1.36%|
|TWO OR MORE RACES||1.58%|
|HISPANIC OR LATINO (OF ANY RACE)||6.75%|
|ETHNICITIES PRESENT||German (16.08%)
|LANGUAGES SPOKEN||English (88.74%)
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