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Franklin city, TN

ZIP 37067 — Housing & Real Estate

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

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 37067

Median Home Value
$686,200
Median Rent
$1,796
Affordability Snapshot
$189,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$4,408/mo PITI).

20%
Rent-to-Income Ratio

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

6.2x
Home Price-to-Income Ratio

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

31.8 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 37067 in Franklin city, TN, a household would need roughly $189,000 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 $4,408. That is about 72% above the local median household income ($110,202), 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

Diverse housing tenure.

Heating Fuel
Housing Metrics
Owner Occupied
51.5%-21% vs US avg
x
Vacancy Rate
6.3%-39% vs US avg
x
Broadband Access
96.1%+11% vs US avg
x
4+ Bedrooms
6.0%-59% vs US avg
x
Built Pre-1939
0.1%-99% vs US avg
x
Built Post-2014
1.6%-76% vs US avg
x
Rent Burden >30%
18.2%-63% vs US avg
x
Mortgage-Free
35.0%-8% vs US avg
x
$686,200
Home Value
$1,796
Rent
2003
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

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

  • 1-unit detached46.2%
  • 1-unit attached4.7%
  • 2-9 units14.4%
  • 10+ units34.1%
  • Mobile home & other0.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$686,200
Median rent$1,796
Owner-occupied51.5%
Vacant6.3%
Price-to-income6.2x
Est. income to buy$189,000