ARTICLE: Franklin could see 10,000 home shortage by 2030, report says

Click here to read WKRN.com's article: Franklin could see 10,000 home shortage by 2030, report says

Overview:

Bowen National Research assessments in Middle Tennessee (late 2025) reveal acute housing shortages driven by rapid growth. Key findings indicate a 10,036-unit gap in Franklin by 2030 and a need for over 15,000 units in Clarksville over five years. High costs have created severe affordability crises, with median home prices in Franklin requiring over $260,000 in annual income.

Key Findings: Middle Tennessee (2025-2026)

• Williamson County/Franklin: A November 2025 study showed a, 10,036-unit housing gap through 2030, with over 10,500 households considered "housing cost burdened". The median list price of $875,000 requires a $262,500 annual income.
  Please click here to view the Bowen 2025-2026 Housing Needs Assessment for Franklin, TN.
  
  
• Clarksville/Montgomery County: A July 2025 assessment identified a need for over 15,000 new units by 2030 to accommodate 5,000-6,000 new residents annually. It highlights a severe shortage of affordable rentals and for-sale homes for low-to-moderate-income families.
  
  
• Regional Trends: Both studies indicate that housing demand is outpacing construction, forcing workers to commute and causing high cost-burden rates (18% of renters/8% of homeowners in Clarksville spend over 50% of income on housing).