Real Estate Investing in Franklin, Tennessee (37069)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 37069 (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 30.9 — hard to cash-flow at these prices.
What’s happening in Franklin, TN (37069)?
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Market Analysis: 37069 Franklin
Not every below-median market is a bargain. Franklin's 37069 ZIP reports signals that favor experienced operators who can absorb the risk $1.0M pricing implies.
Put differently, the numbers look inviting — $1.0M purchase price, 0.0% nominal cap — the work to hit that pro forma in 37069 is substantial and deserves full respect.
The gap between 37069 and stronger Franklin ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 37069 ZIP's population of 19,994 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reports the need for careful underwriting.
leans 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 37069
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $450,334 | $2,600 | 4.2% | +8.1% | $225,167 |
| 3BR | $680,017 | $3,320 | 3.5% | +9.7% | $226,672 |
| 4BR | $1,102,596 | $4,050 | 2.6% | +10.8% | $275,649 |
| 5BR | $1,941,432 | — | — | +12.1% | $388,286 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 37069 Compare?
| Metric | 37069 | Franklin | Nashville-Davidson--Murfreesboro--Franklin, TN | Tennessee |
|---|---|---|---|---|
| Home Value | $1,016,759 | $955,528 | N/A | $327,001 |
| 5-Year CAGR | 6.2% | 6.4% | N/A | 7.7% |
| Avg Rent | $2,742 | $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 37069 (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 | $1,016,759 |
| Monthly Rent | $2,742 |
| Price-to-Rent | 30.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.2% |
| Cap Rate | 2.1% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | +7.8% ▲ |
🏠 Rent Trends
| 1-Year | +13.0% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
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 37069
Population: 19,994
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 37069
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
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
Investor Insight: With 3,144 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Where do home prices stand in Franklin, TN?
Median home price in Franklin, TN is near $1.0M, with a 5-year CAGR of 0.0%. Prices have been consistent and supportive of buy-and-hold strategies.
What are vacancy rates like in Franklin, TN?
Franklin, TN vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Franklin, TN a friendly market for rental owners?
TN law landlord-friendly for landlords, and Franklin inherits those rules. Investors should still review local ordinances for rental licensing.
Is Franklin, TN a good market for FHA house hackers?
House hacking in Franklin, TN is reasonable to execute. Prices around $1.0M and rents of $2,742/mo solid owner-occupant economics.
How deep is the rental pool in Franklin, TN?
Tenant demand in Franklin, TN is solid. The local workforce $2,742/mo rents across most rental classes.
You know 37069 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 37069 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 37069 ranks in Nashville-Davidson--Murfreesboro--Franklin, TN
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