A+
222%
Med. Home Val. NAT. AVG.
189%
Rent NAT. AVG.
47%
Owner Occ. NAT. AVG.
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Franklin Housing Information

IndexFranklinMichiganNational
Median home price$595,400$127,800$184,700
Median rent asked$2,740$799$949
Avg. people per household2.82.52.6
Owner occupied households93.6%70.8%63.6%
Renter occupied households6.4%29.2%36.4%
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Housing Quick Facts

  • The median home price in Franklin is 222% higher than the national average.
  • The median rent asked in Franklin is 189% higher than the national average.
  • The average number of people per household in Franklin is 9% higher than the national average.
  • The number of owner occupied households in Franklin is 47% higher than the national average.
  • The number of renter occupied households in Franklin is 82% lower than the national average.

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      Nearby cities with low home prices

       PopulationHome PriceNational Avg.
      Highland Park, MI10,818$50,20073%
      Detroit, MI672,351$52,70071%
      Hamtramck, MI21,704$72,60061%
      Pontiac, MI59,714$73,80060%
      Hazel Park, MI16,452$86,10053%
      Franklin, MI2,877$595,400222%

      Cities with similar population

       PopulationHome PriceNational Avg.
      Kennedy, CA2,877$166,20010%
      Zellwood, FL2,877$108,10041%
      Mountain View, AR2,877$170,6008%
      Gowanda, NY2,876$76,70058%
      Springdale, SC2,878$90,70051%
      Franklin, MI2,877$595,400222%
      Source: The Franklin, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS).