Franklin, MI Housing Statistics

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220%

Med. Home Val. NAT. AVG.

183%

Rent NAT. AVG.

47%

Owner Occ. NAT. AVG.

Franklin Housing Information

Index	Franklin	Michigan	National
Median home price	$1,044,457	$235,809	$326,622
Median rent asked	$4,093	$1,222	$1,444
Avg. people per household	2.8	2.5	2.6
Owner occupied households	93.6%	70.8%	63.6%
Renter occupied households	6.4%	29.2%	36.4%

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Homes For Sale In Franklin, MI

25933 Hersheyvale Dr

Franklin, MI

26296 Franklin Ct

Franklin, MI

26023 Meadow Dr

Franklin, MI

25325 Devon Ln

Franklin, MI

Housing Quick Facts

The median home price in Franklin is 220% higher than the national average.
The median rent asked in Franklin is 183% 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

	Population	Home Price	National Avg.
Highland Park, MI	11,056	$92,164	72%
Detroit, MI	692,044	$94,001	71%
Hamtramck, MI	22,199	$129,651	60%
Pontiac, MI	61,764	$133,714	59%
Hazel Park, MI	16,845	$154,808	53%
Franklin, MI	2,935	$1,044,457	220%

Cities with similar population

	Population	Home Price	National Avg.
Filer, ID	2,935	$306,850	6%
Ravensworth, VA	2,936	$899,559	175%
Kechi, KS	2,936	$334,027	2%
Akron, NY	2,934	$274,603	16%
Valley, NE	2,937	$486,786	49%
Franklin, MI	2,935	$1,044,457	220%

Source: The Franklin, MI housing data displayed above is derived from the United States Census Bureau American Community Survey (ACS) and include 2026 modeled data developed using proprietary methodologies.