Cowan, Tennessee.
Typical home $187,313 (+0.2% in a year). Tullahoma-Manchester, TN metro.
to buy the typical home at today's mortgage rate — +$578 (+143%) since Jan 2020.
- 1 year
- Up $426 +0%
- $186,886$187,313 since Sep 2025
- 5 years
- Up $46,607 +33%
- $140,705$187,313 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Cowan$983
- Tennessee$1,737
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Cowan, TN rose 0.2% over the past year — slower than the nation's +1.2%.
Living in Cowan, Franklin County, Tennessee
Cowan is a city of 1,759 people in Franklin County. 60% of its homes are lived in by their owners and 40% are rented. Unemployment in Franklin County was 4.0% in August 2026, and the county had 2.5% fewer jobs in 2025 than the year before. The most people in Franklin County work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Cowan is a small city in Franklin County, and most of its homes are lived in by their owners. Poverty is more common here than in most places, and few adults hold a four-year degree. Winters are cool, with only a little snow, and summers are warm; rain falls through the year, and the total is on the heavy side.
Work. Residents work mostly in schools, hospitals and social care, with manufacturing, retail, and professional and business services close behind. Across Franklin County, some of the largest workplaces are Nissan North America, The University of the South and Franklin County Schools. The drive to work is a fairly long one, and very few people work from home. Unemployment in the county is close to where it stood a year ago, though the county has fewer jobs than it did the year before.
Things to do. A short drive away are Lost Cove Cave, a protected area, and Paint Rock River National Wildlife Refuge, another protected area. McGee Field, a stadium, is also a short drive away. For a longer outing, Tims Ford State Park is a protected area on the water, and Old Stone Fort is an archaeological site.
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- 696households
- 13%of adults have a degree
- 31%below the poverty line
- 28 mintypical commute
- 6%work from home
What people in Franklin County work in
Employed residents by industry, from the Census survey. Franklin County had 11,323 jobs in 2025, 2.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 49° and lows near 30°; warmest in July, with highs near 87° and lows near 68°. About 4 inches of snow and 58 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Winchester 5SE weather station, a mile away (NOAA).
Largest workplaces in Franklin County
- Nissan North AmericaEngines and parts, automotive and truck, manufacturing1,375
- The University of the SouthUniversity or college819
- Franklin County SchoolsSchool district742FTE
- Southern Tennessee Medical CenterGeneral hospital588FTE
- WalmartWarehouse clubs and supercenters284
- Hi-Tech Mold & EngineeringMotor vehicle moldings and extrusions, plastics, manufacturing234
- JSPOther plastics product manufacturing140
- K VA T Food StoresSupermarket138
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 20 workplaces with 20 or more staff, 3,758 people in all across the county; Cowan has none of its own. Colleges come from IPEDS (NCES, 2023–24), school districts from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- TornadoesRelatively high
- Strong windRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
- DroughtRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Cowan’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Franklin County and the Tullahoma-Manchester, TN metro.
Cowan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Cowan$187,313
- Tennessee$330,844
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Cowan16
Zip codes with a Cowan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Cowan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.