Franklin County, Tennessee: commercial real estate data.
Franklin County, Tennessee has a population of 43,990 across 555 square miles, up 5.6 percent since the 2020 census base. County output reached $1.83 bn in 2024, 747 establishments operate here, and the SBA record carries 14 7(a) approvals worth $7.4 m.
120 sourced county values · tier FULL · 11 sections
Franklin County
How many people live in Franklin County
- Population43,990
- Households17,445
- Average household size2.52
- Median household income$63,494
- Median age42.2
- Median gross rent$894 per month
- Median owner-occupied home value$236,900
- Home value to household income3.7 times
- Annual rent as a share of median income16.9 percent
- Adults 25 and over with a bachelor degree or higher23.9 percent
- Adults 25 and over with a graduate degree9.2 percent
- Adults 25 and over30,336
- Population under 188,630
- Share under 1819.6 percent
- Population 65 and over9,181
- Share 65 and over20.9 percent
- Working age population, 18 to 6426,179
- Civilian labor force20,622
- Unemployment rate2.8 percent
- Labor force participation, adults 18 and over58.3 percent
- Rank by population among Tennessee counties36th of 95
- Rank by population among US county-equivalents1118th
Franklin County is the 36th largest of 95 Tennessee counties by population. A median home costs 3.7 times median household income, which is an affordable ownership market by national standards. Residents 65 and over outnumber those under 18, at 20.9 percent against 19.6 percent, which points demand at health care, services and single storey product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Franklin County
Is Franklin County growing
- Population change since the 2020 census base5.63 percent
- Census 2020 base population42,733
- Births, 2024444
- Deaths, 2024609
- Natural change, 2024-165
- Net domestic migration, 2024531
- Net international migration, 202488
- Total net migration, 2024619
- Cumulative net domestic migration, 2021 to 20242,793
- Rank by growth among US county-equivalents455th
The county has grown 5.63 percent since the 2020 census base. Deaths exceeded births in 2024, so all of the growth came from people moving in. A market held up by migration alone is more sensitive to a change in relative cost than one growing from household formation.
US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
Franklin County
Where people moving to Franklin County come from
- Tax returns filed by households arriving1,355
- People arriving, from those returns2,565
- Adjusted gross income arriving$99.1 m
- Net adjusted gross income movement$0
- Average income of an arriving household$73,156
- Largest single originFranklin County Non-migrants (15,527 households)
- Largest single destination (15,527 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Franklin County Non-migrants | 15,527 | 31,665 | $1.06 bn |
| Other flows - Different State | 469 | 875 | $35.6 m |
| Coffee County | 330 | 630 | $15.3 m |
| Other flows - South | 225 | 401 | $17.6 m |
| Other flows - Same State | 127 | 224 | $9.0 m |
| Other flows - Midwest | 111 | 198 | $7.4 m |
| Rutherford County | 104 | 198 | $9.2 m |
| Other flows - West | 95 | 203 | $8.1 m |
The largest single source of arrivals is Franklin County Non-migrants, which is the catchment a retail or multifamily study should look at first.
US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Franklin County
What the Franklin County economy runs on
- County GDP, 2024$1.83 bn
- County GDP, 2023$1.72 bn
- GDP change, 2023 to 20246.7 percent
- GDP change over five years49.3 percent
- Rank by GDP among Tennessee counties38th
- Rank by GDP among US county-equivalents1355th
- GDP per resident$41,677
Output grew 6.7 percent in the latest year and 49.3 percent over five, which is the trend line a lender will read behind any single year figure.
US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024.
Franklin County
Who employs people in Franklin County
- Covered employment, annual average11,619
- Establishments reporting1,017
- Average annual pay$52,979
- Average weekly wage$1,019
- Sector 31-33, employment2,007
- Sector 31-33, average annual pay$54,475
- Sector 44-45, employment1,542
- Sector 44-45, average annual pay$33,608
- Sector 72, employment1,145
- Sector 72, average annual pay$22,343
- Sector 56, employment477
- Sector 56, average annual pay$46,440
- Sector 23, employment368
- Sector 42, employment322
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Sector 31-33 | 2,007 | 58 | $54,475 |
| Sector 44-45 | 1,542 | 142 | $33,608 |
| Sector 72 | 1,145 | 77 | $22,343 |
| Sector 56 | 477 | 52 | $46,440 |
| Sector 23 | 368 | 89 | $53,826 |
| Sector 42 | 322 | 64 | $85,326 |
| Sector 52 | 225 | 58 | $71,184 |
| Sector 81 | 221 | 50 | $40,186 |
The largest sector is the biggest private employer group at 2,007 jobs, 17.3 percent of covered employment. Average pay per job sits below median household income, so households here typically need more than one earner.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Franklin County
What businesses operate in Franklin County
- Establishments, all industries747
- Employment at those establishments12,798
- Annual payroll$646.7 m
- Establishments per 1,000 residents17.0
These are counts of establishments physically operating in the county, not listings, so they are the supply side a feasibility study measures demand against.
US Census Bureau, County Business Patterns, 2023.
Franklin County
What is being built in Franklin County
- Housing units authorised by permit, 2024422
- Declared construction value permitted$116.4 m
- Single family units authorised387
- Multifamily units authorised35
- Multifamily share of units8.3 percent
- Average declared value per unit$275,924
- Units authorised per 1,000 households24.2
Multifamily is 8.3 percent of units authorised, so the pipeline is predominantly for sale product.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
How much SBA lending happens in Franklin County
- 7(a) approvals recorded14
- 7(a) gross approval dollars$7.4 m
- Average 7(a) approval$530,250
- Median 7(a) approval$150,000
- 10th percentile approval$22,000
- 90th percentile approval$1,534,000
- Largest single approval$3,793,000
- Jobs reported supported, 7(a)109
- Jobs per approval7.8
- Distinct 7(a) lenders active10
- Distinct industries receiving approvals13
- Median 7(a) term120 months
- Share of loans on real estate terms, 240 months or longer21.4 percent
- Loans on real estate terms3
- Loans on working capital terms, 120 months or shorter11
- Franchise loans0
- Franchise share of approvals0.0 percent
- Leading industry by approval countAll Other Miscellaneous Manufacturing (2)
- Most active lenderOld National Bank (3)
- 504 approvals recorded6
- 504 gross approval dollars$2.0 m
- Average 504 approval$325,167
- Median 504 approval$212,000
- Distinct CDCs active1
- 504 jobs per approval8.7
- 504 jobs per million dollars approved26.7
- Most active CDCSouth Central Tennessee Business Development Corporation (6)
- 7(a) share of SBA approvals70.0 percent
- Combined SBA approval dollars$9.4 m
The average approval of $530,250 sits well above the median of $150,000, so a small number of large deals is pulling the mean up. The median is the better guide to what a typical borrower here actually gets. Only 21.4 percent of approvals run on real estate terms, so SBA credit here is mostly working capital and equipment rather than property acquisition.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30. US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Franklin County
Do SBA loans in Franklin County get paid back
- Loans with a final outcome recorded4
- Paid in full3
- Charged off1
- Status: Paid in full3
- Status: Exempt from disclosure8
- Status: Charged off1
- Status: Cancelled2
Too few loans have reached a final outcome to publish a charge off rate. only 4 resolved loans, too few to publish a rate. A rate computed on a handful of loans is noise, so none is shown.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
Which parts of Franklin County get the lending
- Places in the county with recorded lending5
- WINCHESTER, approvals7
- ESTILL SPRINGS, approvals4
- BELVIDERE, approvals1
- DECHERD, approvals1
- SEWANEE, approvals1
| Place | Approvals | Gross approval dollars |
|---|---|---|
| WINCHESTER | 7 | $5,707,100 |
| ESTILL SPRINGS | 4 | $1,393,500 |
| BELVIDERE | 1 | $225,900 |
| DECHERD | 1 | $22,000 |
| SEWANEE | 1 | $75,000 |
WINCHESTER accounts for 7 approvals against 4 in ESTILL SPRINGS. County level figures average over that gap, which is why a site decision is made at the submarket rather than the county.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
How big is Franklin County
- Land area555 sq mi
- Rank by land area among Tennessee counties25th of 95
- Width, east to west25.8 mi
- Height, north to south25.8 mi
- Geographies sharing a boundary5
- Residents per square mile of land79
- Establishments per square mile1.35
US Census Bureau county boundary geometry, TIGER, adjacency computed from shared boundary vertices, TIGER county boundaries. US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year. US Census Bureau, County Business Patterns, 2023.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No NFIP communities are listed for this county in the FEMA Community Status Book.
- Flood zone record counts are not held. The flood coverage export has not landed, so no count is shown rather than an estimated one.
- Traffic counts resolve in the platform, not in this dataset, so no AADT figure is printed here.
- Zoning is in build. Parcel level zoning is not published on this page.
Feasibility studies
When a Franklin County site needs a document a lender will accept.
The same data layer behind this page is the one the studies are written from. A study for a Franklin County site starts with the figures you are reading, carrying the same source and period into the credit file.
- Population43,990
- Households17,445
- Average household size2.52
- Median household income$63,494
- Median age42.2
Common questions
Franklin County questions, answered from the record.
How many people live in Franklin County, Tennessee?
43,990, in 17,445 households, ranking 36th of 95 Tennessee counties. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Is Franklin County growing?
The population has grown 5.63 percent since the 2020 census base. In 2024 there were 444 births against 609 deaths, with net migration of 619. Source: US Census Bureau, Population Estimates Program, Vintage 2024, Vintage 2024, estimates 2020 to 2024.
What is the median household income in Franklin County?
$63,494. The median owner-occupied home is valued at $236,900, which is 3.7 times income, and median gross rent is $894 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
How many businesses are there in Franklin County?
747 establishments, employing 12,798 people with an annual payroll of $646.7 m. These are establishments physically operating in the county, not listings. Source: US Census Bureau, County Business Patterns, 2023.
What is the average wage in Franklin County?
Average annual pay is $52,979, or $1,019 a week, across 11,619 covered jobs. Source: US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
How much SBA lending happens in Franklin County?
14 7(a) approvals totalling $7.4 m since FY2020, across 10 lenders, with a median approval of $150,000, plus 6 504 approvals worth $2.0 m. These are approvals recorded in the release, not loans disbursed.
What is being built in Franklin County?
422 housing units were authorised by permit in 2024, with a declared construction value of $116.4 m. Multifamily was 8.3 percent of units. Source: US Census Bureau, Building Permits Survey, 2024 annual.
What is the radon zone for Franklin County?
Zone 3, a predicted average indoor radon screening level less than 2 pCi/L. Source: US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Where do people moving to Franklin County come from?
The largest single origin is Franklin County Non-migrants, with 15,527 households. Arriving households report an average income of $73,156 against null for those leaving. Source: US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Are traffic counts available for Franklin County on this page?
No. Annual average daily traffic resolves in the platform rather than in this dataset, so no AADT figure is printed here. It is a gap we know about rather than a figure we estimated.
Is zoning published for Franklin County?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame with confirm locally attached.