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Franklin, MI Real Estate

Franklin, Michigan is located in Oakland County. Nearby cities and towns include Bingham Farms, Beverly Hills, Southfield, Lathrup Village, Farmington Hills, Birmingham, Bloomfield Hills, Farmington, Orchard Lake Village, Berkley, Keego Harbor, Sylvan Lake, Oak Park, Huntington Woods, Royal Oak, Clawson, Pleasant Ridge, Walled Lake, Livonia, Pontiac, Troy, Ferndale, Wolverine Lake, Novi, Madison Heights, Auburn Hills, Northville, Hazel Park, Wixom, Lake Angelus, Rochester Hills, Highland Park, Plymouth, Garden City, Detroit, Dearborn Heights, Warren, Center Line, Westland, Sterling Heights, Rochester, Dearborn, Hamtramck, Inkster, Milford, Village of Clarkston, Utica, Wayne, Melvindale, Fraser, South Lyon, Allen Park, Lake Orion, Eastpointe, Roseville, River Rouge, Harper Woods, Lincoln Park, Ecorse, Taylor, Romulus, St. Clair Shores, Oxford, Grosse Pointe Park, Grosse Pointe Woods, Grosse Pointe, Grosse Pointe Farms, Mount Clemens, Southgate, Village of Grosse Pointe Shores, Wyandotte, Belleville, Whitmore Lake, Ortonville, Brighton, Riverview, and Romeo. Franklin is a suburban community with a population of 3,153. The median household income is $144,897. In Franklin, 66% of residents are married, and families with children reside in 45% of the households. Half the population of Franklin commutes 23 minutes or less to work, with 72% of residents holding white collar jobs and 28% residents holding blue collar jobs. The median age of homes in Franklin, MI is 41 years, with 87% of those homes owned, 8% rented, and 5% not occupied. In the previous year, 54 Franklin properties were sold. The median sale price of a home in Franklin in the previous year was $431,023.

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Franklin, MI Local Market & Demographic Data

Married vs. single

Franklin, MI
  • 34% Single
  • 66% Married
Michigan
  • 50% Single
  • 50% Married

Male VS. Female

Franklin, MI
  • 50% Female
  • 50% Male
Michigan
  • 51% Female
  • 49% Male

Average Age of Citizens in Franklin, MI

  • 42
  • 39
  • Franklin, MI
  • Michigan

Average Age of Homes in Franklin, MI

  • 41
  • 35
  • Franklin, MI
  • Michigan

Vacant Homes in Franklin, MI

  • 5%
  • 14%
  • Franklin, MI
  • Michigan

Average INCOME of Citizens

  • $198,126
  • $64,764
  • Franklin, MI
  • Michigan

Owned Homes vs. Rented Homes

Franklin, MI
  • 87% Owned
  • 8% Rented
Michigan
  • 60% Owned
  • 26% Rented