Market insights · Tennessee
Franklin County, TN: growth, migration and housing
Franklin County has 45,579 residents, up 6.4% since 2020 (+0.9% in the last year). In 2022–2023, 1,202 households moved in and 1,140 moved out (+62 net), bringing in a net $27.4M of income. Median household income is $63,494, the median home $236,900 and median rent $894 a month.
In Tennessee: 39th of 95 counties for 5-year population growth · 82nd of 95 counties for net in-migration (per resident) · 30th of 95 counties for median household income · 31st of 95 counties for median home value.
Where new residents came from
Top counties by households (tax returns) moving to Franklin County, 2022–2023 (IRS).
| From | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Coffee County, TN | 277 | $20.9M |
| Rutherford County, TN | 94 | $6.3M |
| Bedford County, TN | 54 | $3.3M |
| Lincoln County, TN | 49 | $2.9M |
| Grundy County, TN | 45 | $2.1M |
| Davidson County, TN | 33 | $2.8M |
| Madison County, AL | 29 | $3.3M |
| Moore County, TN | 28 | $1.9M |
Where leavers went
Top counties by households leaving Franklin County, 2022–2023 (IRS).
| To | Households (tax returns) | Their income (AGI) |
|---|---|---|
| Coffee County, TN | 268 | $12.7M |
| Lincoln County, TN | 64 | $2.7M |
| Rutherford County, TN | 63 | $3.2M |
| Madison County, AL | 40 | $2.3M |
| Grundy County, TN | 39 | $1.8M |
| Hamilton County, TN | 36 | $1.8M |
| Bedford County, TN | 33 | $1.3M |
| Davidson County, TN | 33 | $1.8M |
BizyFi in Franklin County
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Sources: U.S. Census Bureau population estimates (vintage 2025), American Community Survey 5-year (2024), and IRS Statistics of Income county-to-county migration data (2022–2023). Migration counts are tax returns (roughly households) moving between U.S. counties; the IRS suppresses very small flows. Growth rates, per-1,000 figures, rent share and state ranks are BizyFi calculations. Data updated 2026-10-17. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.