Rent to own Homes in Franklin, TN
Franklin is the epitome of what a small town should be. This Johnson County town has space to stretch, but also features a bustling and walkable downtown core. Though it only covers 13 square miles, it offers plenty of small town charm just 20 miles south of Indianapolis.
Franklin, TN is a great place for affordable rent-to-own homes! With a median household income of over $100,169 and a median rent of $1,553, the Franklin, TN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Franklin, TN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Franklin, TN Property Resources
Rent to own Homes in Cities Near Franklin, TN
- Antioch
- Arrington
- Ashland City
- Belle Meade
- Berry Hill
- Bon Aqua
- Bon Aqua Junction
- Brentwood
- Burns
- Chapmansboro
- College Grove
- Columbia
- Coopertown
- Fairview
- Forest Hills
- Franklin
- Goodlettsville
- Hermitage
- Joelton
- Kingston Springs
- La Vergne
- Madison
- Nashville Davidson
- Nashville
- Nolensville
- Oak Hill
- Old Hickory
- Pegram
- Pleasant View
- Primm Springs
- Santa Fe
- Smyrna
- Spring Hill
- Thompson's Station
- White Bluff
- Whites Creek
- Williamsport
Neighborhoods in Franklin, TN
Fieldstone Farms rent to own homes Westhaven rent to own homes Franklin rent to own homes West Harpeth rent to own homes Avalon rent to own homes Carnton rent to own homes Berrys Chapel rent to own homes Mcewen rent to own homes Central Franklin rent to own homes Mckay's Mill rent to own homesBuying a Home in Franklin, TN
Franklin, TN is seeing rapid growth and Franklin, TN's' housing market remains not optimal with an average home price that is 102% above the 2024 national average. Franklin, TN is part of Williamson county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Williamson is 0.56% which is below the national average, which is 0.99%.
Median Home Price in Franklin, TN
Median Rent in Franklin, TN
Top 4 Reasons to Live in Franklin, IN
Have a blast downtown! Full of historical sites, eateries, shops, and more, Franklin's Main Street is the cultural and social center of town. The Artcraft Theatre is a landmark in town that was erected in 1922; now, it's the place to go for a show. The Johnson County Courthouse is worth seeing for its grand mesh of architectural styles, and the Johnson County Museum of History tells the area's story. For dining, restaurant such as Aunt Judy's Country Kitchen, The Indigo Duck, and The Willard always serve tasty dishes. For shopping, try strolling through specialty stores like Brick Street Boutique, Frank's Guitars, and Imagination Station.
Live in an old or new home! Franklin has a lot of history, and 13 percent of housing units here were built prior to 1940. There are historic houses for sale and rent, and most of these can be found near Main Street and Johnson Memorial Hospital. In addition, there are new properties too, as Franklin's popularity has led to a large increase in population, from under 13,000 in 1990 to over 24,000 today. To find new units, search outside city center, from around Canary Creek Cinemas to by Youngs Creek in the south.
Enjoy all the green space! Take a walk through Greenlawn Cemetery, play a round at The Legends Golf Club, and jog the Franklin Greenway Trail. Province Park is great for riding bikes, and Blue Heron Disc Golf Course is a nice venue for Frisbee gurus. Overall, this town loves the outdoors, so savor the chance to spend time with nature.
Choose among many rentals! Renter-occupancy rate in Franklin is at 38.6 percent, which is higher than Indiana's average. This means that regardless of whether newcomers are looking to lease or buy, they have options. There are even some listings in Franklin for rent to own homes. For rental homes, check complexes like Lakeview Apartments and Franklin Place Apartments. To locate homes for sale, look in subdivisions such as Arbor Springs and Pheasant Pointe.