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Consultants: Franklin faces a shortfall of thousands of homes as households grow and prices rise
Summary
A housing study presented to Franklin’s Board of Mayor and Aldermen warns of major shortages at multiple price points, projecting about 3,500 new households in Franklin by 2030 and identifying gaps of roughly 3,800 rental and 6,200 for‑sale units without targeted action.
Patrick Bowen of Bowen National Research told Franklin’s elected officials on April 28 that the city is poised to add roughly 3,500 households between 2025 and 2030, a pace that will strain existing housing stock and affordability.
“Franklin is projected to add about 3,500 households from 2025 to 2030,” Bowen said during a work‑session presentation organized by the Williamson County Association of Realtors. The consultant compared Franklin (the primary study area) with the balance of Williamson County and said the city’s growth is amplified by even faster household growth in surrounding communities.
The study enumerated several pressures: a large share of future renter and owner demand will be among higher‑income households, while many existing residents are cost‑burdened. Bowen said…
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