What is the population of Franklin city?

Franklin city has 85,575 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #7 of 504 in Tennessee.

What is the median household income in Franklin city?

Median household income in Franklin city is $115,000 a year, 46.4% above the national figure of $78,538.

How much does it cost to rent or buy in Franklin city?

Median gross rent is $1,861 a month and the median home value is $646,300, so rent absorbs about 19.4% of median household income.

Is Franklin city affordable compared with the rest of the US?

Homes cost about 5.6× the local median income here versus roughly 3.9× nationally, so Franklin city is less affordable to buy in than the typical US market, and rent takes 19.4% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Tennessee · Census place 27740

Franklin, TN population, income and ZIP codes

Quick answer

The population of the city of Franklin, Tennessee (Franklin, TN — Census place “Franklin city”) is 85,575 residents, ranking #7 of 504 places in Tennessee. Median household income is $115,000, the median home is worth $646,300 and median gross rent runs $1,861 a month. Looking for the Franklin Tennessee ZIP code list? 3 ZIP codes serve Franklin, TN: 37064, 37067, 37069.

Population: 85,575Franklin city residents
Median household income: $115,000Past 12 months, inflation adjusted
Median home value: $646,300Owner-occupied units
Median gross rent: $1,861Rent plus utilities, monthly
Median age: 37.8 yrsAll residents
Homeownership rate: 64.3%Owner-occupied households

Franklin ZIP codes (Tennessee)

Census ZCTAs whose delivery area overlaps Franklin.

The Franklin TN ZIP code list below covers 3 ZIP codes. Open any one for its population, income, housing and rent profile.

What the numbers mean in Franklin city

Housing cost measured against local earnings.

A household earning the Franklin city median would spend about 19.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.8% of residents and 64.3% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Franklin city, TN in context

How this area compares with national benchmarks.

Franklin city is a small city in Tennessee, with 85,575 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #7 of 504 ranked by population — larger than 98% of them. The median age here is 37.8 years against 39.1 nationally, a slightly younger profile than the country as a whole. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.

Households in Franklin city earn a median of $115,000 a year, 46.4% above the national figure of $78,538 and 105% above the $55,988 median for the 307 Tennessee cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 4.8% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Franklin city is valued at $646,300, 113% above the national figure and 238% above the $191,100 peer median, while median gross rent runs $1,861 a month, 32.4% above the national figure, or roughly $22,332 across a full year. A household on the local median income would put about 19.4% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 5.6×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 64.3% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Tennessee.

More Tennessee coverage.

Frequently asked questions

Common questions about this area.

What is the population of Franklin city?: Franklin city has 85,575 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #7 of 504 in Tennessee.
What is the median household income in Franklin city?: Median household income in Franklin city is $115,000 a year, 46.4% above the national figure of $78,538.
How much does it cost to rent or buy in Franklin city?: Median gross rent is $1,861 a month and the median home value is $646,300, so rent absorbs about 19.4% of median household income.
Is Franklin city affordable compared with the rest of the US?: Homes cost about 5.6× the local median income here versus roughly 3.9× nationally, so Franklin city is less affordable to buy in than the typical US market, and rent takes 19.4% of median income against the 30% cost-burden line.
How current is this Franklin city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this size the Census also publishes one-year estimates; the five-year values used here are steadier and let you compare against smaller neighbours on the same basis.