37064, Franklin, TN Homes for Sale
Introduction: Discovering Franklin, TN's Real Estate Gems
Welcome to Franklin, Tennessee a picturesque city where the charm of small-town living beautifully blends with modern amenities and a vibrant community spirit. Nestled just south of Nashville, Franklin is not just a dot on the map; it's a place that's attracting folks from all corners of the country, all looking for that perfect balance of comfort and convenience. Whether you're a young professional, a growing family, or looking for a peaceful retirement spot, Franklin's diverse community and quaint suburban lifestyle offer something for everyone.
Franklin’s Real Estate Market Overview: Trends and Prices
Recent Trends in Franklin’s Housing Market
Let's dive into the heart of Franklin's real estate market, particularly the sought-after 37064 area. Did you know that in October 2023, home prices in Franklin saw a significant jump of 17.1% compared to the previous year? The median sale price reached a whopping $800,000. But it's not just the prices that are impressive; the market itself is buzzing with activity. Homes in Franklin don't sit around for long - on average, they're finding new owners in just 59 days, a slight increase from 48 days the previous year. And the number of homes sold? It's on the rise too, with 151 homes sold in October this year, up from 134 last year.
Zooming in on 37064: A Price Perspective
When we zoom in on the 37064 zip code, the figures get even more interesting. The median sales price of homes in this area is a testament to its desirability. As of 2023, the median sales price stands at a robust $895,000, marking a significant climb from the previous year's $805,000. If we roll back to 2021, the median price was $673,895, which highlights the steady and impressive growth in property values in this area. This trend reflects not just the quality of living in Franklin but also the sound investment potential for prospective homeowners.
In the following sections, we'll delve deeper into what makes Franklin, TN, particularly the 37064 area, a real estate treasure trove, including insights into property types, neighborhood amenities, architectural styles, and much more. Stay tuned as we explore the many facets that make Franklin a place you'd love to call home.
A Closer Look at 37064: Sales, Taxes, and Foreclosure Insights
Key Statistics in the 37064 Real Estate Market
Diving into the specifics of the 37064 area, it's clear that this part of Franklin is more than just a zip code - it's a hotspot for real estate activity. In 2023, the area has witnessed a total of 885 residential sales. Impressively, only 0.76% of homes are seriously underwater, which means most homeowners have equity in their properties - a healthy sign for any real estate market. Speaking of health, 52.5% of homes are equity-rich, showcasing the strong financial position of many homeowners in this area. And if you're curious about property taxes, you'll be pleased to know that the effective property tax here was just 0.31% in 2022. Foreclosure filings, while unfortunate, are relatively low, with only 7 filings year-to-date.
Understanding Property Taxes and Foreclosure Rates
The low property tax rate in Franklin's 37064 is a big draw for many. It means more of your hard-earned money stays in your pocket, making home ownership more attainable and less burdensome. And the low foreclosure rate? It's a reassuring sign of the area's financial stability and the homeowners' ability to maintain their investments.
Breaking Down Property Types and Prices in Franklin, TN
Exploring Franklin’s Property Landscape
Franklin, TN, particularly in the 37064 area, offers a rich tapestry of property types to suit a variety of preferences and budgets. As of late 2023, there are 375 active properties for sale, with an average listing price of $2,173,592. This range includes everything from the most luxurious estates priced at $65,000,000 to more modest homes that you can snag for $265,000. On average, properties here offer around 4 bedrooms and boast an average price of $582 per square foot.
A Look at Home Styles and Features
The architectural styles in Franklin are as diverse as they are charming. You'll find everything from stately colonial homes to sleek, modern designs. Many homes feature generous living spaces, often exceeding 2,000 square feet. What's more, properties in Franklin often come with attractive upgrades and amenities. Think gourmet kitchens, spa-like bathrooms, and expansive outdoor living spaces. Whether it's a cozy starter home or a sprawling estate, Franklin's properties are built to impress and designed to offer a comfortable, stylish lifestyle.
Education Excellence in Franklin: A Spotlight on Schools
Achievements and Offerings of the Franklin Special School District
When it comes to education, Franklin, Tennessee, particularly the 37064 area, boasts schools that are a cut above the rest. The Franklin Special School District, established in 1906, serves pre-kindergarten through eighth-grade students in eight schools. It's not just any district; it's one that consistently ranks among the Top 10 of all 147 public school systems in Tennessee. In Fall 2022, the district outperformed the state proficiency percentage by double digits in every core content area. With a focus on personalized instruction, the district ensures that each student’s individual needs are met. Plus, with a pupil-teacher ratio of 10:1 and a commitment to spending $17,643 per pupil, the FSSD is serious about providing high-quality education.
FSSD’s Commitment to Educational Excellence
The Franklin Special School District is all about continuous improvement and innovation in education. Approximately 70% of the district’s faculty hold a master’s degree or higher, ensuring that your children are learning from highly qualified educators. The district also prides itself on being Heart Safe accredited and prepared to respond to any cardiac emergencies. Whether it's offering high school credited courses in middle school or focusing on child development and student growth, FSSD is a testament to the city's commitment to top-tier education.
Lifestyle and Amenities: Exploring Franklin’s Neighborhoods
Discovering Franklin’s Diverse Communities
Franklin, TN is known for its diverse and welcoming neighborhoods, each with its unique charm and character. Westhaven, for example, is a beautifully crafted community just three miles west of downtown Franklin. With homes ranging from $450,000 to $2 million, Westhaven is known for its vibrant downtown area, complete with specialty shops and restaurants. The Residents' Club, a 15,000-square-foot space, offers community pools, a fitness center, and an art center.
Fieldstone Farms, another prominent neighborhood, boasts over 2,000 custom-built homes, with prices ranging from $200,000 to $600,000. It offers a mix of privacy and easy access to amenities like The Mall at Green Hills.
Neighborhood Amenities and Connectivity
Each neighborhood in Franklin offers a unique set of amenities. McKay's Mill, for instance, has an Olympic-sized swimming pool, a clubhouse, and walking trails, with homes priced between $400,000 and $900,000. Cool Springs, known for its retail giant, Cool Springs Galleria, offers homes ranging from $300,000 to $1 million. Downtown Franklin, steeped in history and culture, offers quaint brownstones priced from $850,000 to $2.5 million.
These communities not only provide beautiful homes and lifestyle amenities but also ensure excellent connectivity to major areas, including downtown Nashville, making commuting and exploring the broader region a breeze.
Architectural Styles and Custom Home Trends in Franklin
Popular Home Styles in Franklin, TN
Franklin’s architectural landscape is a delightful blend of tradition and modernity. Here, you can find a variety of home styles that cater to diverse tastes. Traditional custom homes, for example, often feature large open porches, tall pointed roofs, and clapboard exterior walls. These homes are designed to be warm and inviting with wide windows allowing ample natural light. On the other hand, contemporary homes in Franklin showcase a blend of stone-clad walls and modern finishes, offering a unique mix of classic and new-age design elements.
Custom Home Building in Franklin
The custom home scene in Franklin is thriving, with builders bringing a range of design styles to life. From classic, earth-toned homes with stone bricks and wood beams to arts and crafts-style homes with symmetrical designs and natural elements like stone and bricks, the options are limitless. These homes often feature hardwood floors, large windows, and spacious interiors, making them perfect for a comfortable and stylish lifestyle. Whether you prefer a rustic custom home with natural materials or a transitional home with a monochromatic color scheme, Franklin’s custom home builders can turn your dream home into a reality.
Connectivity and Commuting: Getting Around in 37064
Transportation and Commute in Franklin
Getting around in Franklin, especially in the 37064 area, is a breeze thanks to its well-connected transportation network. For those who commute to Nashville, the drive is straightforward, with major roads like Interstate 65 providing easy access to the city. Public transportation options are also available, with Franklin Transit serving various neighborhoods, ensuring that residents can move around comfortably without relying solely on personal vehicles.
Accessibility of Key Areas
Franklin's strategic location and efficient transport links make it easy for residents to access key areas like downtown Nashville, shopping centers, and entertainment hubs. Neighborhoods like Westhaven and Fieldstone Farms offer quick commutes to downtown Nashville, while others like McKay's Mill and Cool Springs provide easy access to commercial areas and recreational facilities. Whether you're commuting for work, shopping, or leisure, Franklin's transportation network ensures that you can get where you need to go with ease.
Investing in Franklin Real Estate: What Buyers Should Know
Smart Investment Strategies in Franklin’s Market
Investing in Franklin's real estate, especially in the 37064 area, can be a wise decision, but it requires savvy planning and knowledge. Understanding the market trends, such as the recent increase in median home prices, is crucial. Prospective buyers should consider factors like property types, neighborhood amenities, and future development plans in the area. It's also important to evaluate the long-term potential of a property, considering aspects like school districts, which can significantly impact property value.
Exploring the Future: Franklin’s Real Estate Outlook
Anticipating Market Trends in Franklin
Franklin's real estate market shows promise for continued growth and stability. The area’s appeal, marked by its mix of modern amenities and historical charm, combined with a strong education system and diverse neighborhoods, positions it well for future growth. As Nashville continues to expand, Franklin’s proximity makes it an attractive option for those seeking a balance between city life and suburban comfort. Keeping an eye on economic developments, population growth, and infrastructure improvements will be key in understanding the future trajectory of Franklin’s real estate market.
In summary, Franklin, TN’s real estate market, particularly in the 37064 area, offers a dynamic mix of rising home values, diverse property types, and excellent educational facilities, all set in a community-rich environment. With its strategic location, variety in architectural styles, and promising future outlook, Franklin stands as an appealing and smart choice for potential homeowners and investors alike. Whether you're looking for a family home, a custom-built luxury residence, or a wise investment opportunity, Franklin’s real estate market has something to suit every need and aspiration.