Real Estate Investing in Franklin, Tennessee (37064)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37064 (Franklin, TN)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 31.5 — hard to cash-flow at these prices.
What’s happening in Franklin, TN (37064)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 37064 Franklin
The 37064 ZIP in Franklin, TN is a local-operator market. Outside capital chasing a $902K entry has to pair deep knowledge with the discount.
The investment case in 37064 is healthy only for operators who understand what they are buying. A $902K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Turning to rents, 37064 offers a low basis, the region around Franklin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 37064 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
looks to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Franklin:
Property Strategy for 37064
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $310,698 | $1,960 | 4.5% | +6.5% | $310,698 |
| 2BR | $506,559 | $2,150 | 3.1% | +8.3% | $253,280 |
| 3BR | $721,973 | $2,750 | 2.7% | +9.7% | $240,658 |
| 4BR | $1,044,870 | $3,350 | 2.3% | +9.7% | $261,218 |
| 5BR | $1,447,449 | — | — | +10.9% | $289,490 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37064 Compare?
| Metric | 37064 | Franklin | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $901,614 | $955,528 | N/A | $327,001 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 7.7% |
| Avg Rent | $2,389 | $2,372 | N/A | - |
| Cap Rate | 2.1% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 37064 (Franklin, TN). Anonymous, moderated, never written by AI.
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Property managers serving Williamson County
Manage rentals here? List your business →The domain gasserhome.com is available for purchase, with options for website hosting, design, and IT consulting services from DigiTimber. summary from their website
Gemstone Solutions offers property management and realty services. summary from their website
Ziser Realty Property Management provides comprehensive management services for Nashville homeowners, including marketing, tenant screening, and maintenance coordination. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $901,614 |
| Monthly Rent | $2,389 |
| Price-to-Rent | 31.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +7.9% ▲ |
🏠 Rent Trends
| 1-Year | +5.9% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +4.2% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 37064
Population: 66,641
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 37064
Schools in This ZIP Code
About Repit School Scores
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We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
How tight is the rental market in Franklin, TN?
Rental vacancy in Franklin, TN is elevated. Investors should budget normal turnover but not chronic empty units.
Is Franklin, TN good for landlords?
TN law landlord-friendly for landlords, and Franklin inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is the working-renter base in Franklin, TN?
The tenant pool in Franklin, TN is solid, supported by local employment and population fundamentals. Rents of $2,389/mo are well-absorbed by the market.
How viable is house hacking in Franklin, TN?
The a challenging house-hack environment in Franklin, TN reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
What investment strategy works best in Franklin, TN?
For Franklin, TN, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 37064 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37064 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 37064 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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