Franklin Housing Information - Census

IndexFranklinMichiganNational
Median home price$466,300$120,200$175,700
Median rent asked$1,729$780$920
Avg. people per household2.52.52.6
Owner occupied households93.6%71.5%64.4%
Renter occupied households6.4%28.5%35.6%

Franklin Housing Information - Zillow

IndexFranklinMichiganNational
Zillow home value index$608,600$132,300$196,500
Year over year appreciation rate3.89%7.91%6.79%
5 year average appreciation rate8.15%8.20%5.28%
10 year average appreciation rate0.73%-0.30%0.01%

Did you know?

  • The median home price in Franklin is 165% higher than the national average.
  • The median rent asked in Franklin is 88% higher than the national average.
  • The average number of people per household in Franklin is 2% lower than the national average.
  • The number of owner occupied households in Franklin is 45% higher than the national average.
  • The number of renter occupied households in Franklin is 82% lower than the national average.

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Compare Franklin, MI Housing To Other Cities

Vacancy vs occupancy levels

Vacancy status breakdown

Household statistics

Heating methods

Rent percent of household income

Inclusion of utilites in rent

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Highland Park, MI10,951$39,10078%
Hamtramck, MI22,256$39,80077%
Detroit, MI695,437$45,10074%
Hazel Park, MI16,532$49,10072%
Pontiac, MI59,658$55,30069%
Franklin, MI3,106$466,300165%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Macungie, PA3,106$182,4004%
Six Mile Run, NJ3,106$412,400135%
Brentwood, MD3,107$210,20020%
Wanakah, NY3,107$123,80030%
Garner, IA3,107$114,70035%
Franklin, MI3,106$466,300165%
Source: The Franklin, MI housing data displayed above is derived from the United States Census Bureau and Zillow data.