Franklin County, TN
Housing, jobs, water, deposits and federal obligations for this county, each figure with the release it came from. Internal point 35.16, -86.10.
Assembled 2026-10-19. Read the brief.
- 73rd pct · 816th of 3,063 US counties · median $230,451
- 76th pct · 23rd of 95 Tennessee counties · median $252,394
- 45th pct · 1,669th of 3,062 US counties · median +2.9%
- 43rd pct · 54th of 95 Tennessee counties · median +2.9%
- 41st pct · 789th of 1,358 US counties · median $1,506
- 44th pct · 26th of 46 Tennessee counties · median $1,477
- 57th pct · 1,382nd of 3,221 US counties · median 8,232
- 58th pct · 40th of 95 Tennessee counties · median 8,576
- 51st pct · 1,566th of 3,221 US counties · median $1,039
- 56th pct · 42nd of 95 Tennessee counties · median $1,030
- 77th pct · 689th of 3,063 US counties · median 4.2
- 77th pct · 22nd of 95 Tennessee counties · median 5.0
Typical home value divided by the average annual wage of one covered job.
A percentile here is a min-max scaling of average rank: the smallest published value in the cohort is 0 and the largest is 100, and tied values share the average of the ranks they span. It is not the share of entities below the value, so 0 means smallest, not none below. Entities that did not publish the metric are outside the cohort entirely and are counted in neither the rank nor its denominator.
Home values #
Typical home $315,281 (Sep 2026), +2.5% over one year, +26.6% over five
- 73rd pct · 816th of 3,063 US counties · median $230,451
- 76th pct · 23rd of 95 Tennessee counties · median $252,394
| Item | Value | Distance |
|---|---|---|
| Franklin County, TN | $315,281 · +2.5% 1-yr |
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 $1,417/mo (Sep 2026), n/a over one year; price-to-rent 18.5
- 41st pct · 789th of 1,358 US counties · median $1,506
- 44th pct · 26th of 46 Tennessee counties · median $1,477
| Item | Value | Distance |
|---|---|---|
| Franklin County, TN | $1,417/mo · n/a 1-yr |
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 $1,746 a month on $315,281 at 7.40%, against an average weekly wage worth $4,524 a month: 38.6% of one job’s pay.
- payment = P·r / (1 − (1+r)^−n), P = $315,281 × 80% = $252,225, r = 7.40%/12 (Freddie Mac PMMS via FRED, 2026-10-15), n = 360 → $1,746/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 = $315,281 / ($1,044 × 52) = 5.8
- price-to-rent = $315,281 / ($1,417 × 12) = 18.5
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
| Item | Value | Distance |
|---|---|---|
| Franklin County, TN | 11,088 jobs · $1,044/wk · -2.4% YoY |
| NAICS sector | Jobs | Avg weekly wage | Location quotient | Jobs over the year |
|---|---|---|---|---|
| Manufacturing | 1,963 | $1,035 | 2.20 | -3.5% |
| Retail trade | 1,524 | $644 | 1.41 | -1.1% |
| Accommodation and food services | 1,000 | $470 | 1.00 | -0.3% |
| Construction | 417 | $1,292 | 0.72 | +19.1% |
| Administrative and waste services | 344 | $798 | 0.55 | -13.8% |
| Wholesale trade | 305 | $1,349 | 0.72 | -2.2% |
| Other services | 241 | $800 | 0.73 | +6.2% |
| Finance and insurance | 235 | $1,452 | 0.52 | +0.9% |
| Information | 148 | $3,674 | 0.72 | +18.4% |
| Agriculture, forestry, fishing | 97 | $905 | 1.21 | -11.0% |
| Mining, oil and gas | 85 | $2,696 | 2.15 | +0.0% |
| Arts, entertainment and recreation | 70 | $534 | 0.38 | +48.9% |
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 #
Surface water layer not loaded
Sites found: 0, 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 #
Surface water layer not loaded
Sites found: 0, 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 #
No USGS monitoring wells within 75 km (or above 1,500 km)
Sites found: 0, 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 #
high (0.50)
Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.50 / 0.35
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
| Item | Value | Distance |
|---|---|---|
| Citizens Community Bank | $303.2 m · 36.8% share · 3 offices | |
| First Vision Bank of Tennessee | $129.8 m · 15.8% share · 1 office | |
| Citizens Tri-County Bank | $117.4 m · 14.3% share · 2 offices | |
| Franklin, TN | $324.9 m FY2026 · $29,303/job | |
| MULTIPLE RECIPIENTS | $308.7 m · top recipient FY2026 |
| Institution | Deposits | Share | Offices |
|---|---|---|---|
| Citizens Community Bank | $303,181,000 | 36.8% | 3 |
| First Vision Bank of Tennessee | $129,782,000 | 15.8% | 1 |
| Citizens Tri-County Bank | $117,423,000 | 14.3% | 2 |
| Regions Bank | $104,030,000 | 12.6% | 2 |
| FirstBank | $80,148,000 | 9.7% | 1 |
| Truist Bank | $58,397,000 | 7.1% | 1 |
| Wellworth Bank | $30,448,000 | 3.7% | 1 |
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.
| Awarding agency | Obligations |
|---|---|
| Social Security Administration | $265,114,933 |
| Department of Veterans Affairs | $40,207,323 |
| Department of Agriculture | $4,056,898 |
| Railroad Retirement Board | $3,338,893 |
| Department of Transportation | $3,222,450 |
| Department of Education | $2,161,614 |
| Department of Housing and Urban Development | $1,888,737 |
| Federal Communications Commission | $1,732,452 |
| Department of Defense | $1,368,297 |
| Environmental Protection Agency | $1,200,000 |
| Department of Justice | $499,980 |
| Department of Health and Human Services | $257,000 |
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.
| Series | Latest | As of | Change |
|---|---|---|---|
| Mississippi River at Memphis, stage · ft | not published | not published | |
| Mississippi River at St. Louis, stage · ft | not published | not published | |
| Ohio River at Louisville, stage · ft | 17.95 | 2026-10-18 | -2.6% |
| Missouri River at St. Joseph, stage · ft | not published | not published | |
| Colorado River below Hoover Dam, flow (Hoover releases) · ft³/s | 5,170.00 | 2026-02-05 | -25.3% |
| Texas reservoirs, statewide percent full · % | 72.20 | 2026-10-19 | +0.0% |
| Laredo truck crossings, monthly · trucks | 258,700.00 | 2026-08-01 | -0.4% |
| Los Angeles + Long Beach container volume, annual · TEU | 10,513,167.00 | 2023-01-01 | -13.5% |
| Containerships waiting for a berth, all US ports · ships | 7.00 | 2026-10-13 | +133.3% |
| Shanghai to Los Angeles container rate · $ per 40 ft box | 7,848.00 | 2026-09-01 | +14.9% |
| US diesel retail price · $ per gallon | unavailable | not published | |
| WTI crude oil, spot · $ per barrel | 101.91 | 2026-10-14 | +1.0% |
| 30-year fixed mortgage rate · % | 7.40 | 2026-10-15 | +0.0% |
| Housing starts, annual rate · thousands of units | 1,275.00 | 2026-08-01 | -2.6% |
| Building permits, annual rate · thousands of units | 1,403.00 | 2026-08-01 | -2.1% |
| Case-Shiller US home price index · index, Jan 2000 = 100 | 337.31 | 2026-07-01 | +0.1% |
| Unemployment rate · % | 4.20 | 2026-09-01 | +2.4% |
| US goods and services trade balance, monthly · $ millions | -105,572.00 | 2026-08-01 | -13.7% |
| Retail sales excluding food services, monthly · $ millions | 652,115.00 | 2026-09-01 | +0.7% |
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: 8 findings, 2 at a watch level and 6 noted
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
watchFranklin County, TN's typical asking rent is -1.7% against the previous month, a watch level here: typical asking rent at least 1 percent below the previous month (arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.
Period 2026-09.Show the arithmetic
- test: rent.momPct = -1.6686364099943327 <= -1
- month-over-month percent change = (newest month − previous month) / |previous month| × 100, from Zillow's own published month columns
arithmetic on the Zillow ZORI month columns; convention chosen for this dashboard, not an official level
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
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
noteFranklin County, TN's typical asking rent fell 1.7% from $1,441 in August 2026 to $1,417 in September 2026, on Zillow ZORI.
Period 2026-09.Show the arithmetic
- -1.7% = (1416.6666666666667 - 1440.7068253151488) / 1440.7068253151488 × 100
- 1416.6666666666667 = Zillow ZORI, 2026-09
- 1440.7068253151488 = Zillow ZORI, 2026-08
Read all 8 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.