Community Highlights
A quick view of Franklin's attached homes.
Condo vs. Townhome: What You Actually Own
A condo is a unit you own plus a shared interest in everything else: the grounds, the halls, often the roof and exterior walls. The recorded declaration spells out which parts are yours and which are common elements. The association insures the common elements and runs the budget.
A fee simple townhome is different. You own the house and the land under it, and the HOA owns the common areas like the pool and trails. The HOA covenants set what it maintains.
Here’s the catch: “townhome” describes the shape of the building, not the ownership. A townhome can be set up as a condo. So don’t go by the listing label. Check the recorded declaration and the deed.
Who fixes the roof? It depends on the declaration or the HOA documents. Some associations cover roofs and exteriors, and some leave them to the owner. Read it before you compare monthly dues.
Two Tennessee laws. Condos created before 2009 fall under the Tennessee Horizontal Property Act. Condos created after January 1, 2009 fall under the Tennessee Condominium Act of 2008.
Where Franklin’s Condos and Townhomes Are
When I checked the builders’ own sites in October 2026, new attached homes were selling in three places: Westhaven, SouthVale and The Margin District. Almost everything else on this page is resale.
Downtown
- The Margin District, 805 Columbia Avenue. 25 residences on the third floor above shops and offices, with gated garage parking and private terraces. The developer lists 2027 for completion and has reservations open.
- Village at West Main, 1319 W Main St, and Winstead Place on Fourth Avenue South. Smaller condo buildings a short walk from Main Street.
West Franklin
- Westhaven. New 3-story townhomes, some with a private elevator, and new one-level condos by Ford Classic Homes, both within walking distance of the Village Center.
South Franklin
- Berry Farms. Condo flats in the Town Center, plus three-story live/work townhomes with a first-floor flex room that can work as an office or storefront.
- SouthVale, off Lewisburg Pike. A Ford Classic Homes community with townhomes and single-family homes, a pool, tennis and pickleball courts, and trails.
- Shadow Green, south of downtown. Townhomes and stacked-flat condos built by Goodall Homes.
Cool Springs and East Franklin
- Parkside at Aspen Grove, on Aspen Grove Drive.
- Residences of Grant Park, off Jordan Road.
- Villages of Morningside, on Sunrise Circle.
- Avalon Townhomes, on Pennystone Circle.
North Franklin
- Gateway Village, a townhome community off Moores Lane.
- Prescott Place, on Somerset Park, with cottages, courtyard homes and villas.
Communities, rules and builder inventory change. I confirm the details on any home before you write an offer.
Franklin Condos and Townhomes for Sale
The newest Franklin condos and townhomes, updated from the MLS.
Financing a Franklin Condo: Check the Project First
With a condo, the lender looks at the whole project, not just your unit. That’s where deals stall, so check it before you fall for a place.
- FHA. The condo project has to be on HUD’s approved list, or the unit has to qualify for FHA’s Single-Unit Approval. Single-Unit Approval only works in a finished project with at least five units.
- VA. VA keeps its own list of approved condo projects. A condo that isn’t on it has to be submitted to VA for review first.
- Conventional. Fannie Mae reviews the project too. Among other things, no more than 15 percent of the units can be 60 or more days behind on dues, and the budget has to put at least 10 percent toward reserves.
- Fee simple townhomes in an HOA usually skip Fannie Mae’s condo project review, which is one more reason to know which kind you’re buying.
Approval status changes, so I don’t list it by community. Have your lender check the project before you make an offer.
The Documents to Get Before You Buy
Tennessee’s Condominium Act requires the association to provide a set of information within 10 business days of a request from the owner, the buyer or the lender. Ask for it early and read it before your due diligence runs out.
- The declaration (master deed), bylaws, amendments, and rules and regulations.
- The current budget, balance sheet and income statement, plus the reserve study if there is one.
- Minutes from the last 24 months of owner and board meetings.
- The monthly assessment, any special assessments, and any transfer fees due at sale.
- A statement of the association’s insurance, with limits and deductibles.
When I read these for a buyer, I’m looking for planned special assessments, thin reserves, pending lawsuits, rental limits, and exactly what the master insurance policy covers versus what you’ll insure yourself.
Can You Rent It Out?
Two sets of rules apply, and both have to say yes.
- The association. A condo declaration or HOA covenants can limit or ban rentals. Read them before you count on rental income.
- The City of Franklin. Renting a whole home for less than 21 days is a short-term vacation rental, and it needs a city permit renewed every year. What’s allowed depends on the zoning district, and some districts require the owner to live there. If the unit shares a wall or a driveway with another owner, the city requires proof that you notified the neighboring owner in writing before you apply.
Rentals of 21 days or longer aren’t short-term rentals under the city code.
School Zones Follow the Address
Franklin has two public school districts. Franklin Special School District serves pre-K through 8th grade in part of the city, and Williamson County Schools serves the rest. Zones follow the address, not the zip code or the community name, so look up the exact address with the district. My guide to Franklin, TN zip codes explains why.
Schools In The Area
Frequently Asked Questions
What is the difference between a condo and a townhome in Tennessee?
A condo owner owns their unit and shares ownership of the common elements under a recorded declaration. A fee simple townhome owner owns the house and the land under it, and the HOA owns the common areas. A townhome can be set up as a condo, so check the declaration and deed.
Are there new construction townhomes in Franklin, TN?
Yes. In October 2026 the builders’ sites showed new townhomes selling at Westhaven and SouthVale. Inventory changes, so check with me for what’s available now.
Are there one-level condos in Franklin?
Yes. Westhaven has new one-level condos by Ford Classic Homes within walking distance of its Village Center.
Are there condos in downtown Franklin?
Yes. Older buildings include Village at West Main and Winstead Place, and The Margin District at 805 Columbia Avenue is building 25 residences with 2027 listed for completion.
Can I use an FHA loan on a Franklin condo?
Only if the project is FHA-approved or the unit qualifies for FHA Single-Unit Approval. Have your lender check the project before you make an offer.
Can I use a VA loan on a Franklin condo?
Yes, if the condo project is VA-approved. If it isn’t on VA’s list, it has to be submitted for review first. A townhome that isn’t a condo doesn’t need condo approval.
What documents does a Tennessee condo association have to provide?
Under the Tennessee Condominium Act, the association must provide the declaration, bylaws, rules, financial statements and budget, 24 months of meeting minutes, assessments, transfer fees and an insurance statement within 10 business days of a request.
Who pays for the roof on a Franklin condo or townhome?
It depends on the declaration or HOA documents. Some associations cover roofs and exteriors, and some leave them to the owner.
Can I rent out my Franklin condo as a short-term rental?
Only if the association allows it and the City of Franklin issues a short-term rental permit. City rules depend on the zoning district, and a unit that shares a wall needs written notice to the neighboring owner first.
Are there live/work townhomes in Franklin?
Yes. Berry Farms has three-story live/work townhomes with a first-floor flex room that can serve as an office or storefront.
What zip codes are Franklin condos and townhomes in?
Franklin’s three street-delivery zip codes are 37064, 37067 and 37069. Downtown, Westhaven, Berry Farms and SouthVale are in 37064, and most Cool Springs communities are in 37067.
Franklin Guides and Advice
More of my guides for buying and selling in Franklin.
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