Home Insurance in Franklin, Tennessee
The median home value in Franklin is $705,400, 6% lower than the Williamson County median.
The typical home in Franklin was built around 2002. About 5% of homes were built before 1960, in line with Williamson County (4%). Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing.
In Franklin, the housing stock is 66% single-family homes, 29% apartments in buildings with 5+ units and 1% mobile or manufactured homes.
About 68% of owner-occupied homes in Franklin have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
About 64% of occupied homes in Franklin are owner-occupied. The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy.
In Franklin, 50% of homes are primarily heated with natural gas.
FEMA rates Williamson County's overall risk as Relatively Moderate, led by earthquake (Relatively Low). Williamson County had 1,382 active NFIP flood policies as of September 2026. See the full Williamson County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Tennessee carries a statewide average premium of $1,649 per year.
Key figures
| Median home value | $705,400 |
|---|---|
| Median year built | 2002 |
| Owner-occupied share | 64% |
| Share of owner-occupied homes with a mortgage | 68% |
| Top county hazard | Earthquake (Relatively Low) |
| Active NFIP policies in Williamson County | 1,382 |
| Home insurance premium | $1,649 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)