8 Affordable Franklin, TN Neighborhoods: Get More, Pay Less

If you want to live in Franklin on a budget, there are a number of affordable neighborhoods to consider. Here's what to know about some of the most affordable neighborhoods in Franklin.

8 Affordable Franklin, TN Neighborhoods: Get More, Pay Less Close
Page Summary

8 Affordable Franklin, TN Neighborhoods: Get More, Pay Less

Posted by Gary Ashton on Tuesday, May 17th, 2022 at 8:45am.

Franklin Most Affordable Neighborhoods

Franklin, Tennessee, is one of the most popular Nashville suburbs and a thriving small town in its own right. While the Franklin real estate market might best known for its stunning mansions, there are also many affordable neighborhoods in the area. You don't need to limit your search to the most expensive neighborhoods in Franklin to find spacious homes with fantastic amenities. Looking for the best bang for your buck? Keep reading to learn about the most affordable neighborhoods in Franklin.

Shadow Green

Perks of Living in the Shadow Green neighborhood in Franklin, TN

Just a few minutes south of Downtown Franklin, Shadow Green provides affordable living close to some of the city's top areas. Built over the past few years, it's quickly become one of the most popular places to find Franklin condos and townhomes for sale. Shadow Green real estate includes townhouses and condominiums, ranging from one-bedroom, one-bathroom units to larger three-bedroom, three-bathroom homes. Smaller units in the 900 square foot range start in the mid-$200,000s to the mid-$300,000s, while larger ones up to 2,000 square feet can sell from the $400,000 range up to half a million or more.

Residents have been drawn to interior finishes like hardwood floors, stainless appliances, and outdoor spaces like balconies. In addition to quality homes, would-be residents are also drawn to the low-maintenance lifestyle, with exterior repairs covered by HOA dues. Just outside the community, residents can enjoy a wide variety of everyday shopping and dining options along Columbia Avenue/Columbia Pike, including a Target and a supermarket. Winstead Hill is also less than a half-mile down the road, providing walking trails and other opportunities for outdoor fun in Franklin.

Shadow Green Amenities

  • Close to downtown Franklin
  • Newly built homes
  • Community green spaces
  • Dog Park
  • Adjacent to numerous dining and shopping options

Rolling Meadows

Perks of Living in the Rolling Meadows neighborhood in Franklin, TN

Rolling Meadows offers other affordable living opportunities close to the heart of Franklin. Located just off West Main Street, it was first established in the 1960s, when many of the area's homes were built. Still, many have been renovated or rebuilt in the past few decades, providing a variety of styles and conditions of local houses.

The Rolling Meadows real estate market is made up entirely of modest-sized single-family detached houses. They range from around 1,000 to more than 2,000 square feet, including two to four bedrooms and one to three baths. Most sell from the low $300,000s to the mid-$400,000s, about half the average Franklin home. However, some Franklin new construction homes in the neighborhood have sold in the mid to high six figures, providing options for those who want to spend a bit more.

Franklin's famous Jim Warren Park is also just a short walk or drive away, providing green space, walking trails, sports fields, and picnic and event spaces. Plus, local favorite restaurants like Pueblo Real are also nearby, as are the countless shopping, dining, and nightlife opportunities in historic downtown Franklin, a bit further down the road.

Rolling Meadows Amenities

  • Close to downtown Franklin
  • Cozy, classic-style homes
  • Mature neighborhood landscaping
  • Nearby parks and green spaces

Simmons Ridge

Perks of Living in the Simmons Ridge neighborhood in Franklin, TN

Simmons Ridge was deliberately constructed as workforce housing to provide affordable, quality living for those in the Franklin area. Construction began in 2016, placing Simmons Ridge among the newer subdivisions in the Franklin area. The community comprises a mix of single-family detached homes and townhouses, numbering more than 400 in total.

Anyone interested in Simmons Ridge homes for sale should expect to find prices starting around $400,000, with some homes selling for half a million or more. These three-bedroom, two-and-a-half, or three-bathroom properties include 1,500 and 2,000 square feet of living space. Residents enjoy two-car garages, hardwood or tile floors, granite countertops, and stainless steel appliances despite the modest prices. Simmons Ridge homes also include traditional southern touches like front porches designed to foster community among neighbors.

The subdivision's developers also took steps to preserve century-old trees in the area, providing a mature look to the neighborhood not found in many new construction communities. Simmons Ridge is not only a short drive to the center of Franklin but also close to Interstate 65 for easy trips into the Nashville area. Everyday shopping is also accessible at the nearby Watson Glen Shopping Center.

Simmons Ridge Amenities

  • High-end finishes
  • Neighborhood parks and walking trails
  • Close to Interstates 65 and 840

Riverview Park

Perks of Living in the Riverview Park neighborhood in Franklin, TN

Those looking for affordable Franklin houses on spacious lots close to downtown Franklin and the local interstates will find their new home in Riverview Park. Nestled close to the Harpeth River, these 400 homes were constructed from the 1970s to the 1990s, though many have undergone extensive updates and renovation in recent years.

Riverview Park homes for sale start in the high $400,000s and can reach as high as the low to mid-$600,000s in some cases. They range between three and four bedrooms and two to three-and-a-half baths. Homes vary widely in square footage, from over 1,100 to around 3,000! A portion of the community is also made up of single-story homes for those looking to avoid climbing stairs every day. Riverview Park lots are also relatively spacious for the area, up to half an acre. Homeowners also save some money with the lack of any HOA fees or dues.

The location can't be beaten - just a few minutes' drive to downtown and just off Interstate 65 for quick trips to Nashville. This means almost unlimited dining, shopping, and local services at residents' fingertips. Golfers will also love having the public Franklin Bridge Golf Club within walking distance, which offers an 18-hole course and an on-site pub.

Riverview Park Amenities

  • Spacious lots
  • Tree-lined streets
  • Easy access to Nashville and downtown Franklin
  • No HOA fees

Forrest Crossing

Perks of Living in the Forrest Crossing neighborhood in Franklin, TN

Forrest Crossing is another southeast Franklin neighborhood full of amenities and community spirit. Like nearby Riverview Park, Forrest Crossing is located just minutes from the vibrant heart of historic downtown Franklin while also taking advantage of its proximity to I-65 for trips into Nashville.

Homes for sale in Forrest Crossing are fairly spacious single-family detached houses with three to four bedrooms and two to three bathrooms. This is spread over roughly 1,500 to 3,000 square feet of interior living space. Forrest Crossing homes span a broad price spectrum, starting as low as the $300,000s but reaching as high as the $600,000-700,000 range in some cases. This provides not only an affordable community but also one with more mid-range options.

Many neighborhood homes were built between the 1980s and 2000s and enjoy incredible views of the nearby Franklin Bridge Golf Club and Harpeth River. Forrest Crossing homeowners can take advantage of a community clubhouse, pool, and sports courts and enjoy community-sponsored events like parades and picnics. In addition to all these community amenities, the Franklin Family Y is also located just outside Forrest Crossing, providing workout facilities, classes, an indoor pool, and more. Despite this peaceful setting, residents can still enjoy everyday shopping and dining options at several retail complexes along Murfreesboro Road.

Forrest Crossing Amenities

  • Neighborhood green space
  • Swimming pool
  • Community clubhouse
  • Tennis and Pickleball courts
  • Community-organized events

Franklin Green

Perks of Living in the Franklin Green neighborhood in Franklin, TN

Franklin Green doesn't just have green in its name - it has quite a bit of green in the community itself! Since its groundbreaking in the late 1990s, half of this 200-acre neighborhood has been dedicated to woods, parks, walking trails, and other outdoor community spaces. This makes it an excellent choice for would-be residents who love to get outdoors and explore the beautiful natural environment of Tennessee. Franklin Green also includes a clubhouse and pool, providing plenty of common gathering spaces to foster community. Just outside the subdivision, Franklin's Jim Warren Park provides additional outdoor space, sports fields, and even a skatepark.

The nearly 500 homes that make up Franklin Green real estate market are constructed in various architectural styles and range from a modest 1,400 square feet to far larger models with more than 3,000 square feet of living space. This includes three to five bedrooms and two to three bathrooms. Prices typically start in the $400,000s, significantly less than many other popular areas of Franklin. However, they can stretch as high as the $600,000s for some properties.

Franklin Green Amenities

  • 100 acres of community green space
  • Clubhouse
  • Swimming pool
  • Close to historic downtown Franklin

Fieldstone Farms

Perks of Living in the Fieldstone Farms neighborhood in Franklin, TN

There's truly something for everyone among the more than 2,000 homes found in the Fieldstone Farms real estate market. This community, set on the northern side of Franklin, comprises 26 smaller subdivisions with varying styles that range from modest townhomes to spacious single-family estates.

While Fieldstone Farms includes some high-end houses that sell for the high six figures to close to a million dollars, it includes areas with much more affordably priced homes. These sell from the high $300,000s to the mid-$500,000s and include two to four bedrooms and two to three bathrooms. Fieldstone Farms' large size also means there's a better chance of finding an available home than other smaller communities.

The neighborhood's large size also means access to tons of amenities. Residents can use the Fieldstone Farms Swim & Tennis Club, which offers a community pool, fitness center, several tennis courts, and the 37-acre Fieldstone Park, which provides green space and pavilions, a playground, and more. The community even has a Publix supermarket and Walgreens right in its middle, along Hillsboro Road. Fieldstone Farms also provides a quicker trip to Nashville than many other Franklin communities, thanks to its location north of downtown.

Fieldstone Farms Amenities

  • Fieldstone Park
  • Swimming pool
  • Fitness center
  • Community tennis courts and softball fields
  • Playground

Dallas Downs

Perks of Living in the Dallas Downs neighborhood in Franklin, TN

Dallas Downs is another affordable community located on historic land in south Franklin. Just a few minutes by car from the many dining, shopping, and nightlife options of downtown, the community also includes beautiful landscaping and green space, providing the best of all worlds for many would-be buyers.

Dallas Downs homes for sale were built in the early to mid-1990s and are notable for their brick construction. They start in the mid-$400,000s and can reach as high as the $700,000s. However, most sell in the $500,000-$600,000 range. Homes include 1,700 to nearly 2,500 square feet of living space over one or two stories, with three to four bedrooms and two to four bathrooms.

With a neighborhood pool and dedicated community green space, many residents find plenty of opportunities to have fun and relax close to home. But those venturing out will find the 110-acre Eastern Flank Battlefield Park nearby and the unique Curio Brewing Company, which offers both coffee and beer. Plus, Interstate 65 is close by for easy trips to Nashville or points south.

Dallas Downs Amenities

  • Short drive to downtown Franklin
  • Community green space
  • Swimming pool
  • Playground

Find the Perfect Franklin Home Within Your Budget

There's so much to like about the Franklin, Tennessee area. From its historic downtown to its beautiful natural surroundings to its proximity to Nashville, it's easy to see why this growing city is so popular. But as this list shows, it doesn't have to cost an arm and a leg to buy a home here. In fact, some of Franklin's best neighborhoods are also its most affordable. These eight communities all provide incredible benefits to soon-to-be homeowners on a budget looking to take advantage of everything Franklin offers.

Does Franklin sound like the perfect place to live? Contact The Ashton Real Estate Group of RE/MAX Advantage with Nashville's MLS at (615) 603-3602 to get in touch with Franklin real estate agents who can help you find the ideal Franklin home.


Gary Ashton

The Ashton Real Estate Group of RE/MAX Advantage

The #1 RE/MAX team in the World!

Leave a Comment