Franklin, TN Profile: Facts & Data


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Franklin, Tennessee - Basic Facts

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The City of Franklin is the 7th largest city in Tennessee with a population of 86,328 as of July 1, 2021. Franklin ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Tennessee. See peer rankings below.

The primary coordinate point for Franklin is located at latitude 35.9251 and longitude -86.8689 in Williamson County. The formal boundaries for the City of Franklin encompass a land area of 41.3 sq. miles and a water area of 0.22 sq. miles. Williamson County is in the Central time zone (GMT -6). The elevation is 646 feet.

The City of Franklin has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Franklin is located within Commissioner District 10, a minor civil division (MCD) of Williamson County.

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  1. Franklin 2021 Demographic Data
  2. Growth Rates for Franklin (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Tennessee Research Tools (Easy Tools & Current Data)
  3. Tennessee Data Comparison Tool - 2021 Demographics

Franklin, TN Data & Demographics (As of July 1, 2021)


Total Population 86,328 (100%)
Population in Households 85,500 (99.0%)
Population in Families 72,021 (83.4%)
Population in Group Quarters1 828 ( 1.0%)
Population Density 2,076
Diversity Index2 49


Median Household Income $100,165
Average Household Income $131,413
% of Income for Mortgage4 19%
Per Capita Income $50,753
Wealth Index5 163


Total HU (Housing Units) 35,193 (100%)
Owner Occupied HU 23,128 (65.7%)
Renter Occupied HU 10,409 (29.6%)
Vacant Housing Units 1,655 ( 4.7%)
Median Home Value $452,876
Average Home Value $512,119
Housing Affordability Index3 133


Total Households 33,538
Average Household Size 2.55
Family Households 23,323
Average Family Size 3
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.


2010-2021 2021-2026
Population 2.92% 2.67%
Households 3.01% 2.72%
Families 3.0% 2.62%
Median Household Income   1.76%
Per Capita Income   2.19%
Owner Occupied HU   2.59%

Franklin, TN - Peer Comparisons by Rank and Percentile

The table below compares Franklin to the other 429 incorporated cities, towns and CDPs in Tennessee by rank and percentile using July 1, 2021 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 7 99th
Population Density # 6 99th
Median Household Income # 17 96th
Housing Affordability Index # 45 10th
Per Capita Income # 14 97th
Diversity Index # 55 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Tennessee Census Data Comparison Tool.

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