Is Franklin, TN a good place to invest in rental property?

Franklin, TN has a median modeled monthly cash flow of $-3,493 and a median cap rate of 2.2%, on a median sold price of $950,000. Prices changed +0.9% year over year.

What is the average cap rate in Franklin, TN?

The median cap rate across recently sold homes in Franklin, TN is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Franklin, TN?

The median sold price in Franklin, TN is $950,000 (about $340 per square foot).

Investing in Franklin, TN Real Estate

A data-driven snapshot of the Franklin, TN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$950,000Median sold price

$340Median $/sqft

2.2%Median cap rate

$-3,493Modeled cash flow / mo

+0.9%Appreciation YoY

10.1Months of supply

1,817Active listings

2,158Sold (last 12 mo)

What the Franklin numbers say

In Franklin, TN, the median home sold for $950,000 (about $340 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-3,493 of monthly cash flow. Sold prices moved +0.9% over the past year. Inventory sits at about 10.1 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Tennessee markets to compare

See Franklin cash-flowing listings

CashFlowRE ranks every for-sale home in Franklin, TN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Franklin deals, or browse the national market data.