Home / Select Cities  /  2024 Comparing Franklin, TN vs. Prospect, KY

2024 Compare Cities Housing:
Franklin, TN vs Prospect, KY

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Highlights
- The median age of a home in Franklin is 54.5% younger than the median age of a home in Prospect.

Housing
 Franklin, TNProspect, KYUnited States
 Median Home Age223442
 Median Home Cost$784,100$550,100$338,100
 Home Appr. Last 12 months25.0%14.0%16.6%
 Home Appr. Last 5 yrs.81.0%48.3%57.0%
 Home Appr. Last 10 yrs.142.5%74.3%101.1%
 Property Tax Rate$5.6$9.7$11.0
 Homes Owned62.7%86.9%57.4%
 Housing Vacant4.3%7.7%11.2%
 Homes Rented33.0%5.4%31.4%
 space
 Avg Rent For Home Or Apartment
 Franklin, TNProspect, KYUnited States
 Average Rent$2,280$2,120$1,840
 Studio Apartment$1,600$1,200$1,080
 1 Bedroom Home or Apartment$1,640$1,350$1,180
 2 Bedroom Home or Apartment$1,850$1,620$1,430
 3 Bedroom Home or Apartment$2,310$2,150$1,860
 4 Bedroom Home or Apartment$2,860$2,470$2,160
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 Vacant Housing
 Franklin, TNProspect, KYUnited States
 Vacant For Rent1.7%1.4%1.9%
 Vacant Rented0.1%0.0%0.4%
 Vacant For Sale0.5%1.8%0.7%
 Vacant Sold0.3%1.6%0.4%
 Vacant Vacation0.7%2.9%3.6%
 Vacant Other1.1%0.0%4.1%
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 Owner-Occupied Housing Value
 Franklin, TNProspect, KYUnited States
 Less Than $20,0000.8%0.3%2.6%
 $20,000 to $39,9990.3%0.5%2.4%
 $40,000 to $59,9990.2%0.0%2.8%
 $60,000 to $79,9990.0%0.5%3.9%
 $80,000 to $99,9990.3%0.0%4.5%
 $100,000 to $149,9990.7%2.1%11.3%
 $150,000 to $199,9992.1%1.7%13.0%
 $200,000 to $299,9998.1%9.4%20.1%
 $300,000 to $399,99920.3%31.9%13.6%
 $400,000 to $499,99925.2%13.5%8.3%
 $500,000 to $749,99928.2%33.1%9.7%
 $750,000 to $999,9999.9%5.4%3.9%
 $1,000,000 to $1,499,9992.2%1.5%2.2%
 $1,500,000 to $1,999,9990.9%0.0%0.8%
 $2,000,000 and over0.8%0.0%1.1%
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 Housing Units By Year Built
 Franklin, TNProspect, KYUnited States
 2015 and Newer0.2%0.0%0.2%
 2010 to 201423.8%9.0%13.6%
 2000 to 200923.8%9.0%13.6%
 1990 to 199926.3%34.6%13.6%
 1980 to 198911.4%18.5%13.2%
 1970 to 19796.1%25.2%14.8%
 1960 to 196926.3%34.6%13.6%
 1950 to 19591.8%0.8%10.0%
 1940 to 19491.5%0.0%4.7%
 1939 or Earlier1.8%0.5%12.2%

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Reviews for Franklin    27 Reviews

After visiting here for a week in the summer, I fell in love with the city! Lots of my friends in Florida already moved here from New Port Richey and Wesley Chapel. I  More

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I've lived in Tennessee all my life. I have lived in west,east and middle Tennessee. By far this is the best place I have lived. We have been in Franklin for 8 years. It  More

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I love that this is a greatly diverse community with a large African American and Hispanic community around West Main St./Nachez (I'm addicted to Pueblo Real Mexican  More

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Reviews for Prospect    3 Reviews

Over 16 years ago

Although housing is more expensive than most other cities in Kentucky, as are the real estate taxes it is worth it for the piece of mind and the great schools. Otherwise  More

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Quick response to what was posted. I would say her post is inaccurate except for the part about taxes. People are friendlier and more laid back than the people up  More

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Everything is relative as the saying goes, but we transplanted here from Germantown, TN (which we loved)to Prospect, KY (suburb of Louisville). We find the people are  More

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ZIPS IN FRANKLIN, TENNESSEE
37064 37067 37069
ZIPS IN PROSPECT, KENTUCKY
40059

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