37067, Franklin, TN Homes for Sale

37067, Franklin, TN Property Listings
April 22, 2024
369
Listed
69
Avg. DOM
$321.03
Avg. $ / Sq.Ft.
$875,000
Med. List Price
369 Properties
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Introduction to 37067, Franklin TN Real Estate

Franklin TN Homes

Franklin, Tennessee, particularly the 37067 zip code, is an area experiencing a vibrant real estate market. Home to a variety of residential properties, this region boasts a diverse array of options for potential homeowners. From cozy single-family homes to luxurious estates, the choices are abundant. Currently, there are 33 homes listed in the 37067 area, offering a wide range for buyers. The prices of these homes vary significantly, ranging from $384,500 to a staggering $3,999,900. Interestingly, the median sales price in this area sits at a notable $823,944.58, reflecting the area's high demand and value. Over the past year, 334 properties have changed hands, indicating a healthy and active market.

Current Market Trends in 37067

Year-over-Year Home Price Changes

The real estate market in Franklin has shown impressive growth over the past year. In October 2023, the home prices in Franklin were up by a significant 17.1% compared to the previous year. This increase is a clear indicator of the area's growing popularity and the rising demand for homes here. The median price of homes now stands at $800,000, a testament to the area's upscale property market.

Average Days on Market

The pace of the real estate market in 37067 is also noteworthy. On average, homes in Franklin now sell after 59 days on the market. This is a slight increase from the previous year's average of 48 days. While this indicates a slight slowing in the turnover rate, it still points to a reasonably brisk market where homes are being bought and sold at a steady pace.

Median List Prices and Square Footage

In Franklin, the current median values are quite striking. The median list price is around $1,052,267, reflecting the area's luxury real estate segment. Homes here offer ample space, with a median of $326 per square foot. This pricing underscores the quality and desirability of homes in the 37067 zip code, attracting buyers looking for spacious and well-appointed properties.

The 37067 zip code in Franklin, TN, is evidently a dynamic and flourishing real estate market. With its wide range of home prices, increased value over the past year, and a steady pace of sales, it presents numerous opportunities for buyers and sellers alike. Whether seeking a family home or an investment property, this area has much to offer in terms of variety, quality, and potential for appreciation.

Popular Home Styles and Designs in 37067

37067 Franklin TN Homes

Franklin, TN's 37067 zip code area is known for its diverse range of home styles and designs, catering to a wide array of preferences. The architectural styles here range from traditional to modern, with many homes reflecting a blend of both. A common feature in this area is spacious properties, with typical homes boasting four to five bedrooms and multiple bathrooms. For instance, new construction homes like the Riverton Plan and Harrington Plan offer around 3,200 to 4,014 square feet of space, respectively, combining comfort with ample room for families and entertainment.

The area's new constructions are particularly noteworthy for their modern amenities and upscale designs. These homes often include large, open-plan living areas, well-equipped kitchens, and luxurious master suites. Some of the standout features include large windows for natural light, hardwood floors, and state-of-the-art appliances. The Stonegate Plan, for example, offers a generous 4,504 square feet of living space, including 5 bedrooms and 5.5 bathrooms, epitomizing the blend of luxury and practicality that characterizes many homes in the 37067 area.

Luxury Homes in 37067: A Glimpse into High-End Real Estate

The 37067 zip code in Franklin is also home to some truly luxurious properties, which stand out for their exceptional features and high-end finishes. These homes are often situated on large lots, providing privacy and space for outdoor activities. For instance, a custom-built home on Lookaway Circle offers a rare 1.01-acre lot backing up to a deeded forest, illustrating the exclusivity and uniqueness of high-end homes in this area.

Luxury homes in 37067 are known for their expansive sizes and custom designs. A typical luxury home here might offer over 4,000 square feet of living space, with multiple bedrooms and bathrooms. These homes often feature custom-built energy-efficient designs, high-end finishes, and a range of luxury amenities such as large master suites, gourmet kitchens, and outdoor entertainment areas. For example, a property on Nestledown Drive provides a sprawling 5,495 square feet of space, including 4 bedrooms and 4.5 baths, set on a 5-acre lot, demonstrating the grandeur and scale of luxury homes in this region.

The luxury real estate market in 37067 is vibrant and diverse, offering a range of options for those seeking the finest in residential living. From sprawling estates to custom-designed homes, the area caters to those who desire exclusivity, comfort, and style.

Family-Friendly Features of Homes in 37067

37067 Franklin Homes

In Franklin's 37067 area, families find a welcoming environment with homes that cater to their needs. These residences often feature four or more bedrooms, providing ample space for growing families. A typical example is a property on Dandridge Drive, offering 4 bedrooms and 2.5 baths within a comfortable 2,742 square feet, situated on a 0.34-acre lot.

Many neighborhoods in this zip code are known for their family-oriented amenities, including parks and community centers. Homes in McKay's Mill, for example, combine traditional architecture with modern comfort, offering over 3,200 square feet of living space, open floor plans, and dedicated office spaces, perfect for families needing both communal and private areas.

The Appeal of New Constructions in 37067

New constructions in 37067 stand out for their contemporary designs and modern living features. These homes offer a fresh approach to residential architecture, with an emphasis on energy efficiency and state-of-the-art amenities. For example, properties like the Woodfield Plan and Townsend Plan range from 3,733 to 4,238 square feet, showcasing modern layouts with multiple bedrooms and bathrooms, ideal for contemporary living.

These newly built homes often come with customizable options, allowing buyers to tailor their space to their preferences. Features like high ceilings, gourmet kitchens, and large family rooms are common in these constructions. The Ballentine at Starnes Creek, a new construction project, exemplifies this with its expansive layout, luxurious kitchen, and high-end features, making it a coveted choice for buyers seeking modernity and elegance.

Understanding Property Taxes in Franklin, TN

In Franklin, TN, particularly in the 37067 zip code, homeowners enjoy a relatively low property tax rate. The city of Franklin maintains a property tax rate of $0.3261 per $100 of assessed value. This favorable rate is an attractive aspect for homebuyers and investors alike, as it contributes to the overall affordability of owning a home in the area. Property taxes are due and payable in early October each year and become delinquent in March of the following year. This low tax rate, combined with the area's robust real estate market, makes Franklin an appealing destination for those looking to invest in property.

Investment Opportunities: Homes as Rental Properties

Franklin's 37067 area presents lucrative opportunities for investment in rental properties. The market's steady growth and the increasing demand for homes make it a promising area for real estate investors. Properties here, ranging from cozy single-family homes to luxurious estates, offer potential for rental income. Investors should consider factors such as location, property size, and amenities to maximize their rental yields. With homes in the area featuring modern amenities and spacious layouts, they are attractive options for renters, especially families and professionals. The vibrant community, coupled with the area's amenities and schools, further enhances the appeal of these properties as rental investments.

Navigating the 37067 Real Estate Market: Tips for Buyers and Sellers

Navigating the real estate market in Franklin's 37067 zip code can be exciting yet daunting. Buyers should focus on identifying their priorities, such as school districts, neighborhood amenities, and commute times. Working with a local real estate agent can provide insights into the market trends and help find homes that meet specific criteria. Sellers, on the other hand, should emphasize the unique features of their homes and neighborhood, and price their properties competitively to attract potential buyers. Staging the home and professional photography can also enhance its appeal in listings.

Exploring the Community: Life in 37067

Living in the 37067 area of Franklin, TN, is about more than just the homes; it's about the community and lifestyle. The area boasts excellent schools, making it a great choice for families. The community is dotted with parks, shopping centers, and dining options, offering a balanced suburban life. Residents enjoy a variety of outdoor and cultural activities, making it a vibrant place to live.

Summary

In summary, the 37067 zip code in Franklin, TN, offers a dynamic and diverse real estate market. From family-friendly homes to luxurious estates, there's something for everyone. The area's low property tax rates and potential for rental property investments add to its attractiveness. Buyers and sellers can navigate this market with strategic planning and professional guidance, while residents enjoy a community rich in amenities and lifestyle options. Whether looking to buy, sell, or simply explore, 37067 is a compelling choice for anyone interested in real estate.