2025 Compare Cities Housing:
Melbourne, FL vs Franklin, TN

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Highlights
- The median age of a home in Melbourne is 40.5% older than the median age of a home in Franklin.
 Melbourne, FLFranklin, TNUnited States
 Median Home Age37  Unlock42
 Median Home Cost  Unlock$784,100$338,100
 Home Appr. Last 12 months26.8%  Unlock16.6%
 Home Appr. Last 5 yrs.  Unlock81.0%57.0%
 Home Appr. Last 10 yrs.211.6%  Unlock101.1%
 Property Tax Rate  Unlock$5.6$11.0
 Homes Owned51.2%  Unlock57.4%
 Housing Vacant  Unlock4.3%11.2%
 Homes Rented35.8%  Unlock31.4%
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 Avg Rent For Home Or Apartment
 Melbourne, FLFranklin, TNUnited States
 Average Rent  Unlock$2,280$1,840
 Studio Apartment$1,030  Unlock$1,080
 1 Bedroom Home or Apartment  Unlock$1,640$1,180
 2 Bedroom Home or Apartment$1,470  Unlock$1,430
 3 Bedroom Home or Apartment  Unlock$2,310$1,860
 4 Bedroom Home or Apartment$2,340  Unlock$2,160
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 Vacant Housing
 Melbourne, FLFranklin, TNUnited States
 Vacant For Rent  Unlock1.7%1.9%
 Vacant Rented1.2%  Unlock0.4%
 Vacant For Sale  Unlock0.5%0.7%
 Vacant Sold0.7%  Unlock0.4%
 Vacant Vacation  Unlock0.7%3.6%
 Vacant Other4.2%  Unlock4.1%
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 Owner-Occupied Housing Value
 Melbourne, FLFranklin, TNUnited States
 Less Than $20,000  Unlock0.8%2.6%
 $20,000 to $39,9992.1%  Unlock2.4%
 $40,000 to $59,999  Unlock0.2%2.8%
 $60,000 to $79,9993.5%  Unlock3.9%
 $80,000 to $99,999  Unlock0.3%4.5%
 $100,000 to $149,99914.1%  Unlock11.3%
 $150,000 to $199,999  Unlock2.1%13.0%
 $200,000 to $299,99929.1%  Unlock20.1%
 $300,000 to $399,999  Unlock20.3%13.6%
 $400,000 to $499,9994.8%  Unlock8.3%
 $500,000 to $749,999  Unlock28.2%9.7%
 $750,000 to $999,9991.5%  Unlock3.9%
 $1,000,000 to $1,499,999  Unlock2.2%2.2%
 $1,500,000 to $1,999,9990.2%  Unlock0.8%
 $2,000,000 and over  Unlock0.8%1.1%
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 Housing Units By Year Built
 Melbourne, FLFranklin, TNUnited States
 2015 and Newer0.0%  Unlock0.2%
 2010 to 2014  Unlock23.8%13.6%
 2000 to 200913.3%  Unlock13.6%
 1990 to 1999  Unlock26.3%13.6%
 1980 to 198926.2%  Unlock13.2%
 1970 to 1979  Unlock6.1%14.8%
 1960 to 196916.9%  Unlock13.6%
 1950 to 1959  Unlock1.8%10.0%
 1940 to 19491.0%  Unlock4.7%
 1939 or Earlier  Unlock1.8%12.2%
Reviews for Melbourne    28 Reviews

Over 4 years ago

Moved here from Ohio 3 months ago, trying not to be disappointed, there isn't much to do, its really small and shopping is bad. I wanted out of Cleveland but didn't  More

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I have lived in many areas of this town. It is growing and has a nice selection of older and very new areas. The access to beaches and parks is quick and well kept.   More

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The rating on here is accurate. Crime is rather high. There's shootings and killings constantly. If you're coming from another state, just check floridatoday.com at  More

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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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