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Real Estate Prices & Overview

Central Franklin median real estate price is $816,031, which is more expensive than 95.8% of the neighborhoods in Tennessee and 85.2% of the neighborhoods in the U.S.

The average rental price in Central Franklin is currently $3,803, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 97.7% of the neighborhoods in Tennessee.

Central Franklin is a suburban neighborhood (based on population density) located in Franklin, Tennessee.

Central Franklin real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Central Franklin neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1940 and 1969.

Central Franklin has a 12.4% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 70.7% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

In a nation where 1 out of every 4 children lives in poverty, the Central Franklin neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

In addition, astoundingly, NeighborhoodScout's research reveals that this single neighborhood has a higher concentration of married couples living here than 99.3% of all U.S. neighborhoods. Whether they have school-aged children or not, married couples are the rule in the Central Franklin neighborhood. If you are a married couple, you may find many people here with a similar lifestyle, and perhaps common interests. But if you are single, you might not find many other singles here.

Real Estate

If you love row houses and attached homes, you will probably really like the Central Franklin neighborhood. The ambiance, the charm, of row houses is something special. And in sheer abundance of row houses, this neighborhood truly stands out. The real estate here has a higher proportion of row houses and attached homes than nearly any neighborhood in America. In fact, 26.4% of the residential real estate here is classified as row houses and attached homes.

Diversity

Did you know that the Central Franklin neighborhood has more Eastern European and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 3.0% of this neighborhood's residents have Eastern European ancestry and 6.9% have Scottish ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Central Franklin neighborhood in Franklin are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 60.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Central Franklin neighborhood, 47.9% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 32.1% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (11.1%), and 9.0% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Central Franklin neighborhood is English, spoken by 99.0% of households. Some people also speak Polish (2.5%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Central Franklin neighborhood in Franklin, TN, residents most commonly identify their ethnicity or ancestry as German (19.4%). There are also a number of people of English ancestry (14.5%), and residents who report Irish roots (14.3%), and some of the residents are also of Scottish ancestry (6.9%), along with some Polish ancestry residents (5.8%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Central Franklin neighborhood spend under 15 minutes commuting one-way to work (52.8% of working residents), one of the shortest commutes across America.

Here most residents (86.7%) drive alone in a private automobile to get to work. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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