Moving to Franklin in 2023 | What to Know

Franklin, Tennessee

Franklin, Tennessee, is a historic city located around thirty minutes south of the Nashville area. Falling within the Williamson County district, Franklin has seen continued population growth as home buyers looking to relocate to Middle Tennessee learn about the rich history and what unique charm that sets it apart from surrounding areas. From public school scores, to low crime rates, and even boasting a great local job economy, Williamson county has no issue bringing in a flow of new residents. If those factors weren’t great enough, Franklin’s downtown Public Square is known as being a Hallmark-like experience, recognized in National publications as one of the best small towns in the U.S..

Population & Cost of Living

Despite upholding a small town atmosphere, Franklin has a population of around 85,000, and is projected to continue to grow in coming years. Even with the growing popularity, the cost of living remains desirable for many out of state buyers looking to relocate from cities with notably higher costs of living. Williamson county sits at just 35% more expensive than the average across the country. The reason for this percentage is partly due to the dramatic growth of Franklin’s housing market as we continue to see relocators.

Business & Jobs

Another factor that makes Franklin so desirable to home buyers is the large industries and employers in healthcare, manufacturing, and retail that have planted headquarters here. This is only expounded by the fact that in 2022, Tennessee was named the fastest growing economy in the country with the lowest unemployment rate. As of 2022, Middle Tennessee is sitting at a 2.6% unemployment rate. 

Shopping

As far as Franklin’s shopping, restaurants, and entertainment. There are stores located in the downtown area, as well as the Cool Springs Galleria. The Cool Springs area is truly a one-stop-shop for all things grocery, retail, dining, entertainment. The abundance of options, both local and franchised, the proximity and convenience of having these amenities just a quick drive away make the Franklin area that much more appealing. 

Internet

With the developing need for a more “work-from-home friendly” lifestyle, a question often asked centers around the internet. Franklin has multiple options for the internet, such as Xfinity, AT&T, Earth Link, Hughes Net, and finally, Viasat. 

Homeowners Associations

Homeowners Associations are a regular part of many neighborhoods in the Franklin area, but with this, it is important to keep in mind that there will be differing restrictions.

New Construction

If you are interested in building a home in Franklin, there are still plenty of opportunities. If you are concerned about the over-development, however, don’t fear! In 2021 an ordinance was put in place that stated any land zoned as unrestricted land currently will not allow for lot sizes to be any smaller than five acres per one house around the historic Franklin. This is meant to keep and preserve Williamson county, without ceasing opportunities to build in the area if you so choose. 

If you have never explored this area, start planning now! The Caitlin Martin Team would love to start this journey with you as you decide if Franklin, Tennessee is the place for you. Check out Caitlin's full video on this topic on her YouTube channel from the link down below!