The story of this market
The typical home in ZIP 42134 sells for about $193,300, or $115 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 65 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,002 a month.
ZIP 42134 — Franklin
The housing market in 42134 is currently stable, characterized by moderate price growth and a balanced inventory level. Demand remains consistent, driven by local employment in manufacturing and the area's affordability compared to nearby metropolitan hubs. Sales activity has normalized following recent volatility, reflecting a steady, predictable market environment.
This ZIP is well-suited for families and commuters who prioritize affordability and a small-town lifestyle while maintaining access to the I-65 corridor. It is less attractive to those seeking high-density urban amenities or extensive public transit.
Median prices moved up 2.1% year over year.
Homes spend a median of 65 days on market with 4.2 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.4% · poverty 15.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 42134, Simpson County KY
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Franklin are generally consistent with regional averages for small-town Kentucky, with property crime being the primary concern. Local law enforcement maintains a stable presence, and the area is considered relatively safe compared to larger urban centers in the state.
Schools in the area are served by the Simpson County School District, which provides a standard public education curriculum. Performance metrics are generally aligned with state averages for rural districts in Kentucky.
The area faces moderate risks from severe thunderstorms and occasional high winds common to the region. Flood risk is localized to specific low-lying areas near creeks and the Drakes Creek watershed.
Economic momentum is driven by manufacturing and logistics sectors, supported by the area's proximity to the I-65 corridor. Recent industrial park expansions continue to attract regional employers seeking access to the Nashville-Louisville logistics chain.
Property taxes are assessed by Simpson County and the City of Franklin, with rates determined by local taxing districts including school, health, and library levies. Kentucky law provides a homestead exemption for seniors and disabled residents.
Commuting is primarily car-dependent, with residents utilizing I-65 for access to employment hubs in Bowling Green, KY, and the Nashville, TN metropolitan area. Public transit options are limited, making personal vehicle ownership essential for most workers.
The area features local parks such as the Jim Roberts Community Park, which offers sports fields and walking trails. Shopping and dining are concentrated in the historic downtown Franklin district and along the Highway 31W corridor.
The rental market is characterized by steady demand from local workers and families, with limited new multi-family construction. Vacancy rates remain low, and rent growth has been moderate, reflecting the area's affordability relative to nearby larger cities.
The economy is anchored by manufacturing, agriculture, and logistics, benefiting from its strategic location on the I-65 corridor. Major employers include regional manufacturing plants and distribution centers.
Transportation is dominated by I-65, which serves as the primary artery for regional travel and commuting. Local infrastructure is focused on maintaining road connectivity between residential areas and industrial zones.
Development planning is focused on expanding industrial capacity and improving utility infrastructure to support residential growth. Recent efforts include zoning updates to accommodate mixed-use development near the city center.
Parcels are subject to Simpson County school district taxes and local municipal levies. Special districts for fire protection and water utility services are common throughout the county.
Property insurance premiums are influenced by regional weather patterns, including risks from severe storms and wind. Market health is stable, though insurers remain cautious regarding roof-age and storm-damage history.
Data retrieved from data.census.gov using ZCTA 42134 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features sports fields, playgrounds, and walking trails for local recreation.
The central hub for local businesses, restaurants, and community events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.