ZIP Code · TN

ZIP 37067

Part of Franklin, TN
Pop. 31,556·Williamson County·30th most expensive ZIP in Tennessee
Median rent (all units)
$1,950/mo
Year-over-Year
+1.1%
Month-over-Month
Stable
vs US Median
+$18
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 37067 · $1,950
More expensive than 58% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,551
1 BR
$1,622
2 BR
$1,780
3 BR
$2,279
4 BR+
$2,777
Research median
$1,780/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

February. Asking rents in ZIP 37067 usually run 0.6% below trend in February and 0.9% above it in June, about $29 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 37067 is 0.7% below its high of $1,963 in February 2025, at $1,950 as of September 2026.

Past year vs. the rest of Tennessee

Rent in ZIP 37067 changed +1.1% over the year to September 2026. Across the 127 Tennessee ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 37067 rose 30.5% while median household income rose 2.4% ($109,187 to $111,759). Rent outpaced income.

Since before the pandemic

Rent in ZIP 37067 is 28.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($111,759) is $2,794 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,250); a 3-bedroom is $2,880.

Rank in Franklin

1st cheapest of 3 ZIP codes in Franklin.

From Zillow's monthly rent index (ZORI) for ZIP 37067. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$23,400/yr
At $1,950/mo median
Location
StateTN
CountyWilliamson County
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (+1.1% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 37067 (Franklin, TN) is roughly split between renters and owners, has a median income above the national average, 66.4% of residents hold a bachelor's degree or higher.

Population
31,556
Median income
$111,759
Median age
38.3
Renters
48.3%
Age distribution
21.5%
22.4%
30.7%
16.1%
Under 1821.5%
18–3422.4%
35–5430.7%
55–649.3%
65+16.1%
Gender
50.1%
49.9%
Male50.1%
Female49.9%
Race & ethnicity
73.8%
14.4%
White73.8%
Black3.4%
Hispanic5.1%
Asian14.4%
Other3.2%
Education (25+)
19.1%
66.4%
No HS diploma2.8%
HS diploma11.6%
Some college19.1%
Bachelor's+66.4%
Housing tenure
51.7%
48.3%
Owner51.7%
Renter48.3%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 37067 in Franklin, TN has changed in 5 years

Rent
$1,592 → $1,950
up 22.5%
Income
$107,979 → $111,759
up 3.5%
Population
32,417 → 31,556
down 2.7%
Renter share
44.1% → 48.3%
+4.2 pts
Bachelor's+
66.1% → 66.4%
+0.3 pts
Median age
36.9 → 38.3
+1.4 yrs

Five years ago, renters in ZIP 37067 in Franklin, TN paid around $1,592 a month. That figure now sits near $1,950, up 22.5% from the 2021 baseline. Household income in the area moved from $107,979 to $111,759 across the same window, up 3.5% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show ZIP 37067 in Franklin, TN losing about 861 residents over the five-year window, down 2.7% on net. The renter share has risen from 44.1% to 48.3%, with owner-occupied housing accounting for the remainder. Reading these numbers side by side helps frame whether current listings in ZIP 37067 in Franklin, TN look reasonable against where the market sat half a decade ago.

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About renting in ZIP 37067

Last updated: October 17, 2026

ZIP code 37067 covers Franklin, TN. The median rent here is $1,950/mo as of October 2026. A 1-bedroom rents for a median of $1,622/mo. A 2-bedroom rents for a median of $1,780/mo.

At 21% of local median household income ($111,759/yr), ZIP 37067 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.1% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 37067?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,950/mo in ZIP 37067. The local median household income is $111,759/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 37067?

Rent in ZIP 37067 has risen 1.1% over the past year as of September 2026. It sits 0.7% below its high of $1,963 in February 2025.

When is the cheapest time to rent in ZIP 37067?

Asking rents in ZIP 37067 are usually lowest in February, about 0.6% below their yearly trend, and highest in June, about 0.9% above it. At today's median that is a gap of roughly $29 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 37067?

Yes. From 2019 to 2024, rent in ZIP 37067 rose 30.5% while median household income rose 2.4%, from $109,187 to $111,759. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 37067 compare to other ZIPs in Tennessee?

ZIP 37067 is one of the pricier among Tennessee ZIP codes for rent, ranking #30 of 147 at $1,950/mo. Over the year to September 2026, rent in ZIP 37067 changed +1.1%, against a typical +1.8% across the 127 Tennessee ZIP codes Zillow tracks.

How does ZIP 37067 compare to the rest of Franklin?

At $1,950/mo, ZIP 37067 is $88 below the Franklin citywide median of $2,038/mo. It is the 1st cheapest of 3 ZIP codes in Franklin.
Income Affordability
21%
VERY AFFORDABLE

At $1,950/mo, rent takes ~21% of ZIP 37067's median household income ($111,759/yr). The standard benchmark is 30%.

ZIP 37067 21%Benchmark 30%
State income taxNone
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Schools nearby

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