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Demographics
Population
Median Income
Racial Distributions
Central Franklin, a neighborhood in Franklin, Tennessee, exhibits characteristics of a "White Majority" community with moderate diversity as of 2022. The white population comprises 65% of the neighborhood, while other racial groups, particularly Black and Hispanic populations, have significant representation. The area has experienced economic growth, with the median income rising from $58,434 in 2013 to $74,450 in 2022. This neighborhood is part of Franklin's downtown area, known for its historic charm and well-preserved 19th-century buildings.
Over the past decade, Central Franklin has undergone a gradual transition from a "Low Diversity" community towards a more diverse demographic composition. In 2013, the neighborhood had "Low Diversity" with a white population of 69%. By 2022, while still maintaining a "White Majority," the community has shifted towards "Moderate Diversity."
The Hispanic population has shown the most significant growth, increasing from 13% in 2013 to 17% in 2020, before declining to 14% in 2022. The Black population has seen steady growth, rising from 12% in 2013 to 16% in 2022. These changes suggest a trend towards a more diverse community. The Asian population has tripled from 1% in 2013 to 3% in 2022.
The demographic shifts in Central Franklin have coincided with economic changes. The median income has increased from $58,434 in 2013 to $84,040 in 2021, before settling at $74,450 in 2022. This upward trend in income levels suggests economic growth. The population has remained relatively stable, fluctuating between about 13,000 and 14,000 residents throughout the decade.
The trends observed in Central Franklin align with broader national patterns of increasing diversity in suburban areas. Many historically white-majority suburbs across the United States have experienced similar demographic shifts, particularly with growth in Hispanic and Asian populations. The economic growth in Central Franklin is consistent with trends seen in many revitalizing urban and near-urban neighborhoods across the country.
Central Franklin's changes appear more gradual compared to some rapidly diversifying suburbs in major metropolitan areas. The neighborhood's ability to maintain population stability while increasing median income suggests a managed growth approach.
Central Franklin is experiencing a steady transition towards greater diversity, moving from a "Low Diversity" to a "Moderate Diversity" community with a persistent "White Majority." This demographic evolution, coupled with economic growth, reflects broader national trends of suburban diversification and urban revitalization.