Franklin County, Tennessee: commercial real estate data.
Franklin County, Tennessee had an estimated 45,137 residents on July 1, 2024, up 5.6 percent since the 2020 census base of 42,733, across 555 square miles. 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Franklin County
How many people live in Franklin County
- Population, American Community Survey 2020-202443,990
- 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-equivalents, Puerto Rico included1118th of 3,222
Franklin County is the 36th largest of 95 Tennessee counties by population. A median home costs 3.7 times median household income, which is moderately unaffordable 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 story product rather than schools.
US Census Bureau, American Community Survey 5-Year Estimates, 2020-2024 5-year.
Franklin County
Is Franklin County's population growing?
- Population, July 1, 202445,137
- Census 2020 base population42,733
- Population change since the 2020 census base5.63 percent
- Population change, 2023 to 2024455
- 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 of 3,144
The county has grown 5.63 percent since the 2020 census base. Deaths exceeded births in 2024 and the population still grew, so all of the growth came from people moving in. A market held up by migration 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 are people moving to Franklin County from?
- Tax returns filed by households arriving1,355
- People arriving, from those returns2,565
- Tax returns filed by households leaving1,044
- Net household movement311
- Adjusted gross income arriving$99.1 m
- Net adjusted gross income movement$41.7 m
- Average income of an arriving household$73,156
- Average income of a leaving household$54,975
- Largest single originCoffee County (330 households)
- Largest single destinationCoffee County (256 households)
| Origin | Households | People | Adjusted gross income |
|---|---|---|---|
| Coffee County | 330 | 630 | $15.3 m |
| Rutherford County | 104 | 198 | $9.2 m |
| Davidson County | 54 | 85 | $8.4 m |
| Lincoln County | 47 | 96 | $2.5 m |
| Bedford County | 37 | 74 | $1.6 m |
| Madison County | 34 | 70 | $2.3 m |
| Grundy County | 34 | 66 | $1.6 m |
| Moore County | 32 | 63 | $2.0 m |
Households arriving report $18,181 more average income than households leaving, so the migration is raising local spending power rather than just moving it around. The largest single source of arrivals is Coffee County, 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 is the Franklin County economy?
- 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 the Tennessee areas BEA publishes38th of 95
- Rank by GDP among the US county areas BEA publishes1355th of 3,127
- 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
Employment by industry in Franklin County
- Covered employment, annual average11,619
- Establishments reporting1,017
- Average annual pay$52,979
- Average weekly wage$1,019
- Manufacturing, employment2,007
- Manufacturing, average annual pay$54,475
- Retail trade, employment1,542
- Retail trade, average annual pay$33,608
- Accommodation and food services, employment1,145
- Accommodation and food services, average annual pay$22,343
- Administrative and support and waste management services, employment477
- Administrative and support and waste management services, average annual pay$46,440
- Construction, employment368
- Wholesale trade, employment322
| Sector | Employment | Establishments | Average annual pay |
|---|---|---|---|
| Manufacturing | 2,007 | 58 | $54,475 |
| Retail trade | 1,542 | 142 | $33,608 |
| Accommodation and food services | 1,145 | 77 | $22,343 |
| Administrative and support and waste management services | 477 | 52 | $46,440 |
| Construction | 368 | 89 | $53,826 |
| Wholesale trade | 322 | 64 | $85,326 |
| Finance and insurance | 225 | 58 | $71,184 |
| Other services, except public administration | 221 | 50 | $40,186 |
Manufacturing is the largest private sector at 2,007 jobs, 17.3 percent of covered employment.
US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages.
Franklin County
How many businesses are 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. County Business Patterns counts private establishments with paid employees in March 2023, while the Quarterly Census of Employment and Wages above counts every unemployment-insured employer, public ones included, as a 2024 annual average, so the two establishment and employment counts differ.
US Census Bureau, County Business Patterns, 2023.
Franklin County
Building permits in Franklin County
- Housing units authorized by permit, 2024422
- Declared construction value permitted$116.4 m
- Single family units authorized387
- Multifamily units authorized35
- Multifamily share of units8.3 percent
- Average declared value per unit$275,924
- Units authorized per 1,000 households24.2
Single-family homes are 91.7 percent of units authorized, so the pipeline is predominantly single-family.
US Census Bureau, Building Permits Survey, 2024 annual.
Franklin County
SBA loans in Franklin County (7(a) and 504)
- 7(a) approvals recorded14
- 7(a) gross approval dollars$7.4 m
- Average 7(a) approval$530,250
- Median 7(a) approval$125,000
- 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
- 504 approvals recorded6
- 504 gross approval dollars$2.0 m
- Average 504 approval$325,167
- Median 504 approval$208,000
- Distinct CDCs active1
- 504 jobs per approval8.7
- 504 jobs per million dollars approved26.7
- Most active CDCSouth Central Tennessee Business Development Corporation (6)
- Combined SBA approval dollars, 7(a) FY2020 to FY2026 and 504 FY2010 to FY2026$9.4 m
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
SBA loan default and charge-off rates in 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
Only 4 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
Compare against the national and state SBA charge-off rates, computed the same way over resolved loans only.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
SBA lending by place in Franklin County
- Borrower cities with recorded lending5
- Winchester, approvals7
- Estill Springs, approvals4
- Belvidere, approvals1
- Sewanee, approvals1
- Decherd, approvals1
| Borrower city | Approvals | Gross approval dollars |
|---|---|---|
| Winchester | 7 | $5,707,100 |
| Estill Springs | 4 | $1,393,500 |
| Belvidere | 1 | $225,900 |
| Sewanee | 1 | $75,000 |
| Decherd | 1 | $22,000 |
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin County
How large 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 boundary7
- 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.
Franklin County
Flood risk in Franklin County
- Participation of the county's own NFIP community Franklin County, unincorporated areasParticipating, community 470344
- Communities in the county in the NFIP Community Status Book8
- Of those, participating in the NFIP8
- NFIP participation rate100.0 percent
- Communities carrying a CRS class0
- Radon levels in Franklin County, EPA zone predicted average indoor radon screening level less than 2 pCi/LZone 3
The county's own community in the status book, unincorporated Franklin County (community 470344), participates in the National Flood Insurance Program and carries no Community Rating System class, so no CRS premium discount applies there. The EPA places Franklin County in radon zone 3, a predicted average indoor radon screening level less than 2 pCi/L. The zone is a screening prediction for the county and does not substitute for a test at an address. 100.0 percent of the county's listed communities participate in the National Flood Insurance Program, per Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26. US EPA, Map of Radon Zones, county spreadsheet, 2024-05 publication, EPA 402/A-16/001.
Coverage
What this page does not hold.
Traffic counts, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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.
- Population, American Community Survey 2020-202443,990
- 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?
The Census Bureau estimates 45,137 residents on July 1, 2024 (US Census Bureau, Population Estimates Program, Vintage 2024). The American Community Survey 2020-2024 five-year estimate is 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's population growing?
The population has grown 5.63 percent since the 2020 census base of 42,733, to 45,137 on July 1, 2024. 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 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 employment by industry in Franklin County?
Manufacturing is the largest private sector at 2,007 jobs, 17.3 percent of covered employment. Covered employment averages 11,619 jobs at an average annual pay of $52,979, or $1,019 a week. 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 totaling $7.4 m since FY2020, across 10 lenders, with a median approval of $125,000, plus 6 504 approvals worth $2.0 m since FY2010. These are approvals recorded in the release, not loans disbursed.
How many building permits were issued in Franklin County?
422 housing units were authorized 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 Coffee County, with 330 households. Arriving households report an average income of $73,156 against $54,975 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?
No. Nothing on this page presents parcel level zoning, and where a statutory framework applies it is marked as the statewide frame, to be confirmed locally.
Franklin County
Cities and places in Franklin.
10 Census places lie wholly or partly in Franklin County. All 10 carry enough published place level data for a page of their own and are linked.
| Place | Type | Population | SBA 7(a) approvals, projects in this county | Lies in |
|---|---|---|---|---|
| Tullahoma | city | 21,103 | None recorded | 12.8 percent here, 87.2 percent Coffee County |
| Winchester | city | 9,799 | 7 | Wholly in this county |
| Decherd | city | 2,976 | 1 | Wholly in this county |
| Sewanee | CDP | 2,936 | 1 | Wholly in this county |
| Estill Springs | town | 2,695 | 4 | Wholly in this county |
| Cowan | city | 1,934 | None recorded | Wholly in this county |
| Monteagle | town | 1,926 | None recorded | 18.5 percent here, 44.3 percent Grundy County, 37.2 percent Marion County |
| Huntland | town | 1,532 | None recorded | Wholly in this county |
| Belvidere | CDP | 82 | 1 | Wholly in this county |
| Sherwood | CDP | 43 | None recorded | Wholly in this county |