Franklin Townhomes & Condos

THE COMPLETE BUYER’S GUIDE TO ATTACHED HOMES IN FRANKLIN, TN

Why Townhomes and Condos in Franklin Make Sense Right Now

Franklin’s attached home market is one of the most misunderstood segments in Williamson County real estate. Most people assume condos and townhomes are entry-level product. The data tells a different story. Over the past 12 months, 420 attached homes sold in Franklin, with prices ranging from $195,000 to $1,725,000. The median sale price was $575,000, and 47 percent of all transactions closed at $600,000 or above.

What is driving the market is a convergence of buyers who have figured out something many single-family buyers have not: the math works better when you are not maintaining a yard and a roof solo. A townhome in Westhaven with a community pool, lawn care, and walking distance to Main Street costs significantly less than a comparable detached home, and it often comes with a better location.

Franklin’s attached home inventory spans six distinct property types, from walkup flat condos starting in the $200s to zero-lot-line attached homes pushing past $1.7 million. Understanding what you are actually buying, and what the HOA covers, is the critical first step. That is what this guide is designed to help you do.

Franklin Townhomes & Condos Market Data

Data from RealTracs MLS. Rolling 12-month period.

What You Can Buy at Each Price Point

The attached home market in Franklin breaks cleanly into price tiers, and where you land determines the product type you are shopping. Here is how the 420 closed sales from the past year distributed across price tiers, and what each tier typically delivers.

Property Types: Townhouse vs. Condo vs. Zero-Lot-Line

The terminology matters in attached home purchases because the property type affects your ownership structure, financing options, and HOA obligations. In Franklin, you will encounter six distinct attached property types, and they are not interchangeable.

For financing, the property type matters. Townhouses that own the land underneath are typically easier to finance conventionally. Flat condos and high-density condo buildings require the HOA to be warrantable under Fannie Mae guidelines, which means some communities do not qualify for conventional loans. Your lender needs to know the property type before you make an offer.

Active Franklin Townhomes & Condos For Sale

Recently Sold Franklin Townhomes & Condos

Franklin’s Most Active Townhome and Condo Communities

Based on 420 closed sales over the past 12 months, here are the most active attached home communities in Franklin and the price ranges buyers paid.

Data from RealTracs MLS. Rolling 12-month period.

What HOA Fees Actually Cover in Franklin

HOA fees in Franklin’s attached home communities range from $68 to $1,026 per month, with a median of $293. That range exists because the scope of coverage varies enormously from one community to the next. Understanding what you are paying for is critical before comparing two communities on price alone.

At the lower end, dues typically cover exterior lawn and common area maintenance, liability insurance on shared spaces, and basic reserve fund contributions. These communities maintain the streetscape but leave exterior maintenance of individual units to the owner. You will still be responsible for roof repairs, siding, and HVAC on your own.

Mid-range HOA communities, roughly $200 to $400 per month, often add exterior building maintenance, hazard insurance on the structure itself, community pool and clubhouse upkeep, and sometimes water and trash service. This is the most common structure in Franklin’s townhome communities and effectively shifts the burden of major structural expenses off the individual owner.

At the high end, above $500 per month, you are typically looking at full exterior maintenance including roof replacement, insurance on the structure, concierge or amenity-heavy communities, or premium locations like the downtown Franklin condos. These fees are comparable to what you would budget for a single-family home when you account for deferred maintenance reserves, insurance, and outsourced landscaping.

Always request the full HOA disclosure before closing. Ask specifically for the reserve fund study, the current reserve balance, and any pending special assessments. A community with low dues but a depleted reserve fund is a risk that does not show up in the monthly payment.

Franklin Townhome Communities by Location and Lifestyle

Downtown Franklin and Cool Springs Corridor: The area around Main Street and Cool Springs gives you the most walkable, urban-adjacent experience in Williamson County. McKays Mill and Berry Farms sit along the 96 and 65 corridor with easy access to downtown dining, shopping at the Factory at Franklin, and the Cool Springs Galleria. Downtown loft condos and communities like Jamison Station bring you within walking distance of the weekend farmers market, GRAYS on Main, and the city’s live-music venues. This corridor also has the most rental-friendly HOA policies in Franklin, making it a common choice for buyers who anticipate relocating or renting out later.

Westhaven and Southern Franklin: Westhaven is the most recognizable master-planned community in Franklin and the top-selling attached home community by volume over the past year. Townhomes here sit within the full Westhaven ecosystem: walking distance to the Village District’s restaurants and retail, access to the community’s golf course, resort-style pool, and an active social calendar. Lockwood Glen and Avondale Cottages sit nearby with similar new-construction product at slightly different price points. This area draws buyers who want community feel with high-end amenities and are comfortable with HOA dues in the $300 to $500 per month range.

Fieldstone Farms and Mallory Lane Corridor: The central Franklin corridor along Mallory Lane has a dense cluster of established townhome communities that sold well over the past year. Simmons Ridge, with 37 closings across its sections, is the highest-volume individual community in Franklin’s attached home segment. These are 2 to 3 bedroom townhomes in the $440,000 to $500,000 range with garages and reasonable HOA dues, positioned well for buyers who want good schools and suburban convenience without paying Westhaven prices.

East Franklin and Peytonsville: Waters Edge and communities along the eastern corridors offer a different lifestyle orientation, often with pond views, more space between units, and slightly longer drives to downtown. These communities attracted 20 buyers over the past year in the $540,000 to $736,000 range, appealing to buyers who want attached-home maintenance benefits without the density of central Franklin communities.

Schools Near Franklin Townhome Communities

Most Franklin townhome and condo communities are zoned for Williamson County Schools, consistently ranked among the top school districts in Tennessee, though a number of downtown-area communities fall within the Franklin Special School District for elementary and middle grades. The specific school assignment depends on the neighborhood’s location within Franklin’s three zip codes: 37064, 37067, and 37069.

Because attendance boundaries have shifted as the district manages growth, and because the FSSD boundary adds a separate city school tax for some in-town communities, buyers should verify current school zoning and tax detail directly with the district before making an offer. The Williamson County Schools and Franklin Special School District boundary tools are the most reliable sources.

For buyers without school-age children, Franklin’s school quality still matters. Strong school-district rankings are one of the primary drivers of property-value stability and resale demand in Williamson County, and communities zoned for high-rated schools consistently outperform the broader market in appreciation.

Franklin for Single Professionals: The Real Social Scene

A growing segment of Franklin townhome and condo buyers are single professionals relocating from larger cities. The honest question most of them ask before committing is whether they will actually have a social life here. The honest answer is that Franklin rewards effort in a way that dense urban markets do not require, but the infrastructure to build a strong social network is genuinely there.

The starting point is downtown Franklin itself. Main Street has evolved significantly over the past five years. GRAYS on Main is the most consistent spot for professionals to convene after work on a Thursday or Friday, with a cocktail bar that draws regulars from across Williamson County. Kimbro’s Pickin’ Parlor is the most distinctive venue in the city, a converted home with multiple porches where you will find live music every night in a setting that naturally creates conversation. Vintage Vine 100 on Main Street runs as a self-serve wine bar with dozens of pours by the glass, a format that tends to generate interaction between strangers. The Porch Kitchen and Cantina and Cork and Cow attract professionals in their 30s and 40s who moved from Nashville or other markets and are looking for the same thing you are.

The Franklin Saturday Farmers Market, held on the square from spring through early winter, is genuinely one of the best community gathering points in Middle Tennessee. It draws the same faces week after week, which means it builds actual relationships over time rather than one-off encounters. The Factory at Franklin hosts rotating pop-up events, maker markets, and programming that skews toward the creative professional demographic.

The fitness community is strong and social. Life Time Franklin is the flagship athletic club in the area, with programming that includes group classes, paddle sports, pickleball leagues, and social events specifically designed to facilitate member connections. Franklin’s Greenway trail network also generates regular running clubs and cycling groups that show up on Meetup and Strava, and the Williamson County YMCA runs adult leagues in basketball, volleyball, and other sports.

If structure helps, several active Meetup groups operate in Franklin and draw professionals from across Williamson County. Young Professionals of Franklin meets regularly, and there are wine-tasting groups, hiking groups, and book clubs that rotate through different venues. Eventbrite consistently shows structured singles events hosted through Matchmaking Nashville and similar organizations, usually held at Life Time Franklin or downtown venues, that are explicitly designed for the professional demographic.

One thing relocators consistently note is that Franklin’s social scene is densest between Thursday and Saturday nights, with downtown being noticeably quieter on Sundays and Mondays. If you are coming from a city where the week is evenly distributed socially, it takes a few weeks to recalibrate expectations. But the upside is that Nashville is 20 minutes away and fully accessible on any given night if you want more volume and variety. Most Franklin professionals end up splitting their social time between downtown Franklin and Nashville’s Midtown, 12 South, or East Nashville, which gives you the best of both.

An attached home, particularly in a community like Westhaven with its own village center, or a downtown Franklin condo within walking distance of Main Street, gives you a significant social advantage over living in a detached suburban home where the only way out is a car. The community structure of townhome living in Franklin is an underrated asset for anyone building a social life in a new city.

Why Work with Nashville Home Guru?

Over the past 12 months, Compass and Parks agents represented 30.5 percent of all Franklin attached home sales, with 128 of 420 transactions involving a Compass agent on either the listing or buying side. In a market with hundreds of brokerages, that concentration reflects the network advantage that comes from being affiliated with the largest residential real estate brokerage in the United States by sales volume.

After Compass’s merger with Parks Real Estate in 2024, the combined network now represents approximately one in four homes sold across Tennessee. In Franklin’s competitive attached home market, where off-market opportunities and early access to incoming inventory can mean the difference between getting a unit and missing it, that network matters. When a Westhaven seller starts thinking about listing, they often talk to their neighbor’s agent first, and in a community where a significant share of sales involve Compass agents, that neighbor’s agent is frequently on our team.

Patrick Higgins leads the number one real estate team in Nashville and number seven in Tennessee by the Wall Street Journal’s RealTrends, with 1,100+ transactions and $500M+ in career sales, and is a seven-time RealTrends Top Tennessee Agent ranked in the top 1 percent statewide. We track every listing, pending sale, and price change across Franklin’s attached home inventory in real time, so when you are comparing two communities, we can tell you not just current prices but the trajectory of each community and how its HOA finances compare based on documentation we have reviewed. With 100+ Google Reviews and 87 Zillow Reviews, client feedback reflects what the data already shows.

For sellers, the Compass 3-Phase Marketing Strategy delivers measurable results. Homes pre-marketed through Compass Private Exclusive and Coming Soon programs sell for 2.9 percent more, go under contract 20 percent faster, and are 30 percent less likely to experience a price reduction. In an attached home community where your neighbor’s unit is your most direct competition, that pre-market positioning makes a material difference in buyer perception and final price. Learn more about selling your home on your terms at nashvillehome.guru.

Frequently Asked Questions About Franklin Townhomes & Condos

What is the price range for townhomes and condos in Franklin, TN?
Based on 420 closed sales over the past 12 months, attached homes in Franklin sold between $195,000 and $1,725,000. The median sale price was $575,000. Townhomes, which represent 64 percent of the market, ranged from $253,000 to $1,425,000 with a median of $600,000. Flat condos ranged from $195,000 to $995,000 with a median around $435,000.

What are typical HOA fees for Franklin townhomes and condos?
HOA fees range from $68 to $1,026 per month, with a median of $293 per month. Lower fees (under $150 per month) typically cover only common area maintenance. Mid-range fees ($200 to $400 per month) often include exterior building insurance, lawn care, and amenity maintenance. Higher fees usually reflect full exterior maintenance coverage, resort-style amenities, or premium downtown locations.

Do Franklin condo and townhome HOAs allow rentals?
Rental policies vary significantly by community. Several Franklin communities, particularly those near Cool Springs and the downtown corridor, allow short-term and long-term rentals. Higher-end communities like Westhaven typically restrict short-term rentals but allow long-term leasing after an owner-occupancy period. Always review the HOA CC&Rs before purchasing if rental potential matters to your investment thesis.

Are there pet-friendly condo communities in Franklin?
Most Franklin attached home communities are pet-friendly for residents, though many have breed or size restrictions in their HOA rules. Flat condo buildings in downtown Franklin and high-density communities may have stricter pet policies than townhome communities. Request the HOA pet policy before making an offer if you have pets.

What is the difference between a townhouse and a condo for financing purposes?
For financing, the key distinction is whether you own the land. Townhouses that include land ownership are typically classified as single-family residences for lending purposes and qualify for standard conventional financing. Condos require the association to be on the FHA or VA approved list for government-backed loans and warrantable under Fannie Mae guidelines for conventional loans. High-density condo buildings with significant investor ownership can fail the warrantability test, limiting financing options. Always confirm the property type and lender requirements before writing an offer on a condo unit.

Which Franklin townhome communities have pools?
Westhaven has the most comprehensive amenity package, including multiple pools, a golf course, and a fitness center. Simmons Ridge, Waters Edge, and many of the larger townhome communities have community pools. Flat condo buildings typically do not have pools, while some garden condo communities offer shared courtyard or pool access. Ask specifically about pool access and current HOA operational hours during your due diligence.

How competitive is the Franklin townhome market for buyers?
With meaningful active inventory at a median list price near $695,000, the market offers real choice. The most competitive segments are well-priced townhomes in the $450,000 to $650,000 range in communities with good amenities and school zones, particularly when they come to market in spring. Working with an agent who tracks the full MLS daily and has access to off-market Compass Private Exclusives gives you a material advantage in finding units before they hit full public competition.

Is a Franklin townhome or condo a good fit for a single professional relocating from a larger city?
For single professionals, Franklin’s attached homes offer a lifestyle profile that detached suburban homes do not match. A downtown condo puts you within walking distance of GRAYS on Main, Kimbro’s Pickin’ Parlor, the Saturday farmers market, and the restaurant corridor that serves as Franklin’s de facto social hub. A Westhaven townhome embeds you in a built-in community with its own events, restaurant, and social infrastructure. Both product types eliminate yard maintenance, which reclaims significant weekend time. With Nashville’s full metropolitan amenity set 20 minutes away and a genuinely active downtown Franklin social scene, this is a stronger lifestyle choice for single professionals than most people expect before they move here.

Why should I work with Nashville Home Guru to buy a Franklin townhome or condo?
Compass and Parks agents were involved in 30.5 percent of all Franklin attached home transactions over the past 12 months. That market presence means we see inventory, pricing trends, and coming-to-market signals before most buyers or their agents do. Patrick Higgins is a seven-time RealTrends Top Tennessee Agent leading the number one team in Nashville. We have reviewed HOA financials, reserve fund studies, and CC&Rs across dozens of Franklin communities, so we can give you a data-driven comparison of any two communities you are considering, not just the listing prices.

Who is the best real estate agent for Franklin, TN townhomes and condos?
Patrick Higgins and the Nashville Home Guru team at Compass are consistently recognized as the top-producing team in Nashville and among the top agents in Tennessee by the Wall Street Journal’s RealTrends. With Compass and Parks agents representing roughly 30 percent of Franklin attached home transactions, the team’s market visibility gives buyers access to off-market inventory and gives sellers a pre-marketed launch strategy that outperforms standard MLS-only listings. With 100+ Google Reviews and 87 Zillow Reviews, Patrick can be reached directly at 615-682-1718.

Should I use a buyer’s agent when purchasing a Franklin townhome or condo?
Yes, and the reason goes beyond negotiation skills. In Franklin’s attached home market, the key value of an experienced buyer’s agent is HOA due diligence. A competent buyer’s agent will review the budget, reserve fund study, meeting minutes, and CC&Rs before you commit, identify communities with pending special assessments or financial issues that do not appear in the listing, and know which communities have coming-soon inventory based on active MLS data. This is especially important for condo purchases, where HOA financial health is inseparable from the value of your unit.

How do I find out what my Franklin townhome or condo is worth?
The best starting point is an instant estimate based on recent comparable sales in your specific community. Because attached homes are priced relative to direct comps within the same building or section of a townhome community, your unit’s value is more tightly linked to your immediate neighbors than single-family homes. Use the Nashville Home Guru instant home value tool, then call Patrick at 615-682-1718 for a full comparative market analysis specific to your unit and community.

Franklin Townhome Communities

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