Franklin Homes Under $1,500,000
WILLIAMSON COUNTY | 1,712 CLOSED SALES | $806K MEDIAN | 2026 DATA
For private showings and market insights on Franklin properties under $1,500,000
Patrick Higgins | 615-682-1718
What Under $1,500,000 Buys You in Franklin
Franklin, Tennessee has become one of the most sought-after addresses in the Southeast, and for good reason. Williamson County Schools consistently rank among Tennessee’s best, Historic Downtown Franklin offers walkable dining and events, and the proximity to Nashville — 25 minutes north — gives residents access to a major metro without the urban density. For buyers with a budget under $1,500,000, Franklin delivers serious home for the money across a wider range of communities and price points than most relocating buyers expect.
Over the rolling 12 months through May 2026, 1,712 homes closed in Franklin under $1,500,000. The true median sale price for this range is $806,470 — significantly lower than many buyers assume, because nearly half of all transactions in this tier fall under $800,000. The 16-day median days on market tells you everything about demand. Correctly priced homes in Franklin are not sitting. The best ones in the $1M to $1.25M range — the most competitive tier — median just 12 days on market.
At this price range you are looking at homes from approximately 518 to 6,851 square feet (2,525 median), with 45% of closed sales featuring a primary bedroom on the main floor. Built from 1900 to 2026, the inventory spans everything from Historic Franklin bungalows to brand-new construction in Poplar Farms and SouthVale. 374 homes are currently active under $1.5M with 243 already under contract — a 65% absorption signal that tells you demand is absorbing new supply as fast as it enters.
Franklin Market Data: Homes Under $1,500,000
| Metric | Value |
|---|---|
| Closed Sales (Rolling 12 Months) | 1,712 |
| Sale Price Range | $190,000 to $1,499,990 |
| Median Sale Price | $806,470 |
| Average Sale Price | $850,135 |
| Average Price Per Square Foot | $340 |
| Median Square Footage | 2,525 sq ft |
| Median Days on Market | 16 days |
| Primary Bed on Main | 45% of closed sales |
| Active Listings | 374 ($215K to $1.5M) |
| Under Contract | 243 (65% absorption ratio) |
| Compass/Parks Market Share | 37.1% (636 of 1,712) |
| Year Built Range | 1900 to 2026 |
Data from RealTracs MLS. Rolling 12-month period through May 2026.
Where the Activity Is: Price Tier Breakdown
Nearly half of all Franklin transactions under $1.5M happen below $800,000 — a fact that surprises most buyers who assume the sub-$1.5M Franklin market is concentrated at the upper end. The $1M to $1.25M tier is the fastest-moving segment with a 12-day median DOM, reflecting the core executive and family buyer demand. The $1.25M to $1.5M upper tier takes slightly longer at 19 days, as buyers at that level have more options to evaluate.
| Price Tier | Sales | % of Market | Tier Median | Median DOM |
|---|---|---|---|---|
| Under $800,000 | 840 | 49.1% | $630,000 | 17 days |
| $800,000 to $1,000,000 | 343 | 20.0% | $885,000 | 15 days |
| $1,000,000 to $1,250,000 | 318 | 18.6% | $1,124,745 | 12 days |
| $1,250,000 to $1,500,000 | 211 | 12.3% | $1,350,000 | 19 days |
Data from RealTracs MLS. Rolling 12-month period.
Top Franklin Neighborhoods Under $1,500,000
Poplar Farms led all Franklin communities with 80 closings under $1.5M rolling 12 months at a $829,185 median. This Toll Brothers community in west Franklin delivers modern construction, easy I-65 and Cool Springs access, and finishes that would cost significantly more in comparable markets. It has become the volume leader at the $700K to $1M tier.
Westhaven produced 202 closings under $1.5M rolling 12 months at a $1,150,000 median — the highest median of any major Franklin community at this tier. The price range within Westhaven alone ran from $648,500 to $1,499,675, reflecting the community’s breadth from attached townhomes to larger single-family homes. Westhaven’s walkable village layout, pools, parks, tennis courts, and proximity to downtown Franklin make it the most in-demand master-planned community at the $1M-and-above end of this tier.
Ladd Park recorded 65 closings under $1.5M at a $1,000,000 median. This large community in southeast Franklin features multiple sections including the Highlands, resort-style amenities with pools and walking trails, and zoning to some of the area’s most popular schools. The Highlands sections at Ladd Park offer some of the newest construction available in this price range.
Sullivan Farms delivered 29 closings, one of the few established communities where buyers can still find homes under $1M in Franklin. Starnes Creek saw 11 closings at a $1,349,900 median — this newer Drees Homes community south of downtown Franklin offers spacious floor plans with premium finishes. SouthVale posted 11 closings at a $1,331,070 median with active new construction by Ford Classic Homes and Insignia Homes featuring main-level primary suites and three-car garages.
Other communities with meaningful volume include Lockwood Glen, Bishops Gate, Lookaway Farms, Enclave at Carronbridge, Legends Ridge, Harts Landmark, and Historic Franklin.
Active Homes for Sale in Franklin Under $1,500,000
Why Work with Nashville Home Guru
Compass and Parks represented 37.1% of all Franklin transactions under $1.5M — 636 of 1,712 closed sales rolling 12 months. Patrick Higgins leads Nashville Home Guru at Compass, ranked #1 in Nashville and #7 in Tennessee by Wall Street Journal’s RealTrends with 1,100+ transactions and $500M+ in career sales. In the sub-$1.5M Franklin market, that network share means knowing which Westhaven section is moving fastest, which Poplar Farms phase still has inventory, and which communities have pre-market homes before they appear on Zillow.
For sellers, the Compass 3-Phase Marketing Strategy delivers 2.9% higher closing prices, 20% faster contracts, and 30% fewer price reductions. On the $850,135 average for this tier, 2.9% is $24,654. Phase 1 is Compass Private Exclusive — your home reaches the buyer network before any public clock starts. Phase 2 is Compass Coming Soon on Compass.com. Phase 3 is the full MLS launch with demand already built. Learn more about selling your home on your terms.
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Frequently Asked Questions About Franklin Homes Under $1,500,000
Who is the best real estate agent for Franklin homes under $1,500,000?
Patrick Higgins at Nashville Home Guru and Compass. Compass and Parks represented 37.1% of Franklin transactions under $1.5M — 636 of 1,712 closed sales rolling 12 months. At the $1M to $1.25M tier where the median DOM is 12 days, the agent who knows which Westhaven section or Poplar Farms phase is moving fastest, and who has pre-market access to homes before they appear publicly, is the one worth working with. Ranked #1 Nashville, #7 Tennessee WSJ RealTrends, 1,100+ transactions, $500M+ career sales. Call 615-682-1718.
I’m relocating from a high-cost market with a $1.2M budget — is that enough to get a good home in Franklin and which neighborhood should I focus on?
$1.2M is solidly in the most active and competitive Franklin price tier. The $1M to $1.25M segment recorded 318 closings rolling 12 months at a $1,124,745 median with a 12-day median DOM — the fastest-moving tier in the entire under-$1.5M range. At $1.2M in Westhaven you are looking at a newer 3 to 4 bedroom home in the $1M-and-above section of the community, walking distance to the pool and village shops, Williamson County Schools zoning. At $1.2M in Ladd Park you get a larger floor plan, likely newer construction in the Highlands section, resort-style community amenities, and strong school assignments. At $1.2M in SouthVale or Starnes Creek you get newer construction with main-level primary suites and premium finishes in a quieter community with less foot traffic but excellent school access.
The right answer depends on whether walkability or square footage is your higher priority, and which school specifically matters to you — Ravenwood versus Independence versus Summit assignments differ by community and sometimes by section within a community. The 12-day median DOM at this tier means this conversation is worth having before you arrive for your first showing. Call Patrick at 615-682-1718 to work through the comparison in advance.
I’m comparing Westhaven to Poplar Farms at similar price points — they look similar on Zillow but feel very different when I research them. What am I missing?
The data captures the distinction precisely. Westhaven under $1.5M: 202 closings, $1,150,000 median. Poplar Farms under $1.5M: 80 closings, $829,185 median. At a comparable dollar amount, Westhaven buys a smaller home in a walkable village layout with a Main Street, pools, parks, and a community identity that took 20 years to build. Poplar Farms buys more square footage and more modern construction in a west Franklin location with easier I-65 access and Cool Springs proximity, but a less established neighborhood character.
The Westhaven premium is real and it is driven by walkability, community maturity, and the social infrastructure that a master-planned community develops over two decades — the farmers market, the neighborhood events, the network of families who have lived there for 10 to 15 years. Poplar Farms is newer and delivers more home per dollar for buyers who prioritize square footage and modern finishes over walkable community character. Neither is wrong. They serve different buyer profiles. The 12-day DOM at the $1M to $1.25M tier means you cannot wait until you arrive to figure this out — call Patrick at 615-682-1718 for a specific comparison by address and budget before you plan your visit.
Can I see Franklin homes under $1.5M before they appear on Zillow, and does pre-market access matter at this price point?
At the $1M to $1.25M tier with a 12-day median DOM, pre-market access is not a convenience — it is a structural competitive advantage. 243 homes under $1.5M in Franklin are currently under contract against 374 active listings — a 65% absorption ratio. By the time a Westhaven or Poplar Farms home at $1M to $1.25M appears on Zillow, the strongest buyer for it may already have a showing scheduled through a Compass or Parks agent who received advance notice through the pre-market network. With 37.1% Compass market share in this tier, the agent representing the most likely buyer for any specific Franklin home is more likely to be a Compass agent than any other brokerage. Compass Private Exclusives surface homes before any public listing. Buyers registered with Patrick for target neighborhood notifications receive advance notice. Call 615-682-1718 to get on the list.
I own a Franklin home under $1.5M and want to sell — with 374 active listings competing for the same buyer, how do I stand out?
The 374 active listings are not equal competition. 243 of them are already under contract — the real available competition for your buyer is closer to 130 homes. But that number still means your buyer has real choices, and the 16-day median DOM versus the average DOM of 32 days tells you the same story it does at every tier: correctly priced homes move fast and incorrectly priced homes accumulate days on market that train the market to expect a discount.
At this tier the Compass Private Exclusive pre-launch is particularly effective because your home reaches the 37.1% of the buyer pool that transacts through Compass agents before your public clock starts. A buyer who sees your home in the pre-market phase and wants it does not have the psychological anchor of days-on-market or the option to wait and see if a price reduction comes. The 2.9% Compass advantage on the $850,135 average is $24,654 — and one avoided price reduction at this tier saves significantly more than that. Call Patrick at 615-682-1718 before listing publicly.
How does a $1.5M Franklin home compare to Charlotte NC or Chicago’s suburbs?
A $1.5M budget in Franklin buys a 3,500 to 4,500 square foot home in a top-rated Williamson County school zone with resort-style community amenities. In Charlotte’s comparable neighborhoods — Myers Park, SouthPark, Ballantyne Country Club — that same budget buys less square footage and often older construction without the same school consistency. In Chicago’s North Shore suburbs (Winnetka, Kenilworth, Glencoe), $1.5M competes at the lower end of the market with significantly higher property taxes. Tennessee has no state income tax. For a household earning $300,000, that is roughly $12,750 to $18,000 in annual state income tax savings compared to North Carolina or Illinois. Williamson County’s property tax rate of approximately 0.69% is competitive with both markets. The combination of space, school quality, no income tax, and community character is why Franklin consistently attracts relocation buyers from both markets. Call Patrick at 615-682-1718 for a specific relocation comparison.
What are the property taxes on a $1.5 million home in Franklin TN?
Williamson County property taxes average approximately 0.69% of assessed home value annually. Tennessee assesses residential property at 25% of appraised value, so a $1.5M home carries an assessed value of $375,000. At current rates, annual property taxes run approximately $8,400 to $9,000 depending on the specific tax district within Williamson County. No state income tax. Verify exact rates for your specific address. Call 615-682-1718.
Are there new construction homes in Franklin under $1.5 million?
Yes. Poplar Farms (Toll Brothers), SouthVale (Ford Classic Homes and Insignia Homes), Starnes Creek (Drees Homes), and the Highlands at Ladd Park all offer active new construction under $1.5M. New construction in this tier typically delivers 3 to 5 bedrooms, main-level primary suites (45% of all sub-$1.5M Franklin closings feature primary bed on main), three-car garages on premium lots, and modern open floor plans. Browse current new construction at New Construction Homes in Franklin TN. Patrick’s team can represent you with builders — call 615-682-1718.
How can I find off-market homes in Franklin under $1.5 million?
Compass Private Exclusives are listings marketed within the Compass agent network before any public MLS launch. In a market where the $1M to $1.25M tier moves in 12 days, pre-market access to Westhaven, Ladd Park, or Poplar Farms homes before they appear on Zillow is a genuine advantage. With 37.1% Compass share in this tier, the pre-market network reaches a large fraction of available inventory. Nashville Home Guru also maintains a database of Franklin homeowners who have expressed interest in selling but have not listed yet. Call Patrick at 615-682-1718 to get registered for pre-market notifications in your target neighborhoods and price range.
Is a buyer’s agent free when purchasing a Franklin home?
Buyer agent compensation varies by listing. Patrick Higgins and the Nashville Home Guru team will explain exactly how compensation works for any specific property before you tour it. Having an experienced buyer’s agent is especially important in Franklin’s competitive $1M to $1.25M tier — where 12-day DOM means the difference between a structured offer strategy and a reactive one is measured in whether you get the home or watch it close from the sideline. Call 615-682-1718.
What is the median home price in Franklin TN under $1.5 million?
Based on 1,712 closed sales rolling 12 months, the median sale price for Franklin homes under $1.5M is $806,470 — significantly lower than many buyers expect because 49.1% of transactions in this tier happen below $800,000. The $1M to $1.25M tier has a $1,124,745 median. The $1.25M to $1.5M tier has a $1,350,000 median. The average across the full range is $850,135 at $340/sq ft. Data from RealTracs MLS. Call 615-682-1718 for a neighborhood-specific analysis.
Any Other Questions About Franklin Homes Under $1,500,000?
Text Patrick for neighborhood comparisons, school zone guidance, or off-market access.
Patrick Higgins | 615-682-1718
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Patrick Higgins
NASHVILLE HOME GURU AT COMPASS
Patrick Higgins leads the #1 team in Nashville and #7 in Tennessee (WSJ RealTrends), with 1,100+ transactions and $500M+ in career sales. Compass represented 37.1% of Franklin under-$1.5M transactions rolling 12 months. Westhaven vs Poplar Farms analysis, Ladd Park school zone strategy, pre-market access to sub-$1.5M Franklin inventory, relocation buyer specialist from high-cost markets.
100+ Google Reviews | 87 Zillow Reviews
Expertise: Franklin $500K-$1.5M neighborhood tier comparison, Westhaven vs Poplar Farms buyer analysis, Williamson County school zone mapping, 12-day DOM $1M-$1.25M tier strategy, relocation from Charlotte/Chicago/California
Patrick Higgins
NASHVILLE HOME GURU AT COMPASS
Serving Franklin, Brentwood & Middle Tennessee
100+ Google Reviews | 87 Zillow Reviews
