Above, you will see a summary of real estate in Franklin, MI. On average, homes in Franklin, MI cost $509,300, a value that is 299% higher than the average in Michigan. In general terms, this results in Franklin, MI real estate being less affordable than Michigan real estate. On average, people who rent houses in Franklin, MI pay $1,286; this value is 61% higher than the average amount renters pay in Michigan. 94.2% of Franklin, MI residents own their own homes and, on average, each of the homes has 2.7 occupants. Franklin, MI real estate features a range of homes, which include everthing from large houses to small condos to stacked townhomes. Accessing real estate listings and homes that are up for sale in Franklin, MI is easy because in our search area shown above, we categorize real estate and homes based on location, price, and the number of bedrooms and bathrooms.