37345 — Franklin County, Tennessee Market Snapshot
Housing market data for zip code 37345 in Franklin County, Tennessee. Updated monthly with median prices, days on market, and more.
Market Sales Data
10 sales in 2026 (year to date)
Median Sale Price
$269,950
Days to Sell
155
Homes Sold
10
Inventory
7
Sale-to-List
103.2%
New Listings
7
Price/SqFt
$181
Pending Sales
7
Conforming Loan Available
Most homebuyers in 37345 can comfortably use conventional financing. The median home price of $269,950 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 155 days on average, 37345 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes in 37345 are selling 3.2% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 37345 can comfortably use conventional financing. The median home price of $269,950 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 37345 are set at the county level.
2026 Loan Limits — Franklin County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 37345
To purchase the median home at $269,950 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $2,218.
Monthly Payment
$2,218
Income Required
$95,069
Principal & Interest
$1,663/mo
Down Payment (5%)
$13,498
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 37345.
Estimated Monthly Payment
$1,821
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