Franklin County, TN

Home values #

Typical home $319,612 (Aug 2026), +2.9% over one year, +28.5% over five

• 73rd pct · 808th of 3,063 US counties · median $234,566
• 76th pct · 23rd of 95 Tennessee counties · median $259,021

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Typical rent $1,350/mo (Aug 2026), n/a over one year; price-to-rent 19.7

• 36th pct · 892nd of 1,399 US counties · median $1,496
• 33rd pct · 31st of 46 Tennessee counties · median $1,490

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,749 a month on $319,612 at 7.28%, against an average weekly wage worth $4,524 a month: 38.7% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $319,612 × 80% = $255,689, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,749/mo principal and interest
• wage share = payment / (avg weekly wage $1,044 × 52 / 12 = $4,524) = 39% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $319,612 / ($1,044 × 52) = 5.9
• price-to-rent = $319,612 / ($1,350 × 12) = 19.7

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

11,088 jobs at 960 employers (2026 Q1); -2.4% jobs and +3.1% average weekly wage over the year

• 57th pct · 1,382nd of 3,221 US counties · median 8,232
• 58th pct · 40th of 95 Tennessee counties · median 8,576

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

D2 severe drought

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

2 USGS reservoir gauges, no capacity figures to weight

Sites found: 2, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

60 gauges · 0 flooding · 8 with quality panels averaging 100 % · 29 stale

Sites found: 60, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

24 wells in 0 named aquifers:

Sites found: 24, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

moderate (0.32)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 + 0.2×0.00 / 0.55

Banks & federal dollars #

$823.4 m in deposits at 11 offices of 7 banks (SOD June 2026); HHI 2,126, highly concentrated. $324.9 m federal obligations in FY2026 (direct payments $317.4 m, grants $6.1 m), $29,303 per covered job

Deposit concentration is 2,126 across 7 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 7 banks with deposits in the county = 36.8² + 15.8² + 14.3² + … (4 more) = 2,126

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $29,303 per covered job, against 11,088 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $324.9 m / 11,088 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $29,303

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Franklin County, TN: 6 findings, 1 at a watch level and 5 noted

1. watchFranklin County, TN's covered employment is -2.4% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -2.4 < 0

   BLS QCEW over-the-year percent change, as published; not an official level

2. noteFranklin County, TN's average weekly wage was 3.1% higher than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • +3.1 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

3. noteFranklin County, TN's covered employment was 2.4% lower than the same quarter a year earlier in 2026 Q1, on BLS QCEW's published over-the-year change.

   Period 2026 Q1.
   Show the arithmetic

   • -2.4 % = BLS QCEW over-the-year percent change for 2026 Q1, as published
   • the newest QCEW file carries no year-earlier level, so no move from one level to another is printed

   BLS QCEW over-the-year percent change, as published

4. notetypical asking rent (rent.latest) and typical asking rent (rent.momPct) for Franklin County, TN could not be lined up against the previous published period this run, so no change is printed for them.

   Show the arithmetic

   • not comparable this run: rent.latest, rent.momPct

   the two newest month columns in the published file are not the two this table carries

5. noteThe next Zillow ZHVI typical home value (monthly) covering Franklin County, TN is due between 2026-10-14 and 2026-10-21, estimated from the publisher's past release pattern.

   Show the arithmetic

   • window = 2026-10-14 to 2026-10-21, estimated from the publisher's past release pattern

   estimated from the publisher's past release pattern; not an announced date

Read all 6 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.