From Affordable to Affluent
Williamson County has experienced a growth rate of more than 65 percent over the past 15 years, attracting people who are looking for a high quality of life as well as economic opportunities. For many of them, condos and apartments make more financial sense than buying a house. The median sales price of a house in Williamson County in April 2019 was $525,000, compared to $268,000 for a condo.
“The higher-priced housing is steady but not as dominant as it has been in the past, while anything below the median price is selling like hotcakes,” says Stephen Murray, executive director of the Community Housing Partnership of Williamson County (CHP). “That’s important, because you need to have housing for the police, firefighters, nurses and school teachers.”
CHP is catering to that demographic with two new developments. The 30-unit Village at West Main Street opened in 2019 with sale prices averaging around $175,000 and sold out quickly. In addition, CHP is planning a 241-unit complex on Wood Duck Court near I-65 that Murray says will be affordable enough for people making $50,000 to $60,000 a year.
“There’s a potpourri of different people in Village at West Main Street,” Murray says. “It’s mostly workforce, but also some retired people who have scaled back. Just like the county itself, there’s a variety of people.”
One of them is Colton Belmondo, a native of Seattle who moved to Franklin in 2017 to take a job as an IT security analyst. He says he was attracted to Village at West Main Street because of the location (a neighborhood near downtown Franklin) and cost.