Franklin Real Estate Market Conditions

  • Median sales price

    $1,087,500
    3.53% change since last quarter
  • # Active listings

    34
    30-day change

Franklin Schools and Demographics

Education near Franklin, MI

City County
High School Graduates 99.03 93.73
College Degree - 2 year 6.35 7.77
College Degree - 4 year 73.07 45.74
Graduate Degree 23.02 14.51
Expenditures per Student 16,887 12,819
Students per Teacher 14.8 20.5

Elementary Schools near Franklin, MI

Grades Students P/T Ratio ZIP
Adlai Stevenson Elementary School KG - 05 338 17.7 48034
Alice M. Birney K-8 School KG - 08 668 17.8 48076
Beverly Elementary School KG - 05 355 13.9 48025
Birmingham Covington School 03 - 08 653 16.3 48301
Greenfield Elementary School KG - 05 296 11.7 48025
McIntyre Elementary School KG - 05 336 14.9 48076
Pierce Elementary School KG - 05 578 13.4 48009
Quarton Elementary School KG - 05 461 16.5 48009
Taylor International Academy PK - 08 330 15.7 48034
Thompson K-8 International Academy KG - 08 597 15.6 48076
Vandenberg Elementary School KG - 05 358 16.1 48076
West Maple Elementary School KG - 05 553 14.7 48301

Middle Schools near Franklin, MI

Grades Students P/T Ratio ZIP
Berkshire Middle School 06 - 08 804 17.8 48025
Crescent Academy Middle School 05 - 08 412 19.6 48076
Derby Middle School 06 - 08 810 16.2 48009

High Schools near Franklin, MI

Grades Students P/T Ratio ZIP
Ernest W. Seaholm High School 09 - 12 1,351 15.6 48009
Nexus Academy of Royal Oak 09 - 12 107 7.4 48025
Southfield-Lathrup High School 09 - 12 1,035 20.8 48076
Wylie E. Groves High School 09 - 12 1,162 16.6 48025

Ungraded Schools near Franklin, MI

Grades Students P/T Ratio ZIP
Wing Lake Developmental Center PK - 12 90 5.9 48301

Demographics near Franklin, MI

City County
Neighborhood Type
Population 3,218 1,241,860
Population Density 1,208 1,432
Median Age 46.8 41
People per Household 2.8 2.5
Median Household Income 149,491 73,369
Average Income per Capita 77,055 40,941

Franklin Real Estate

The median home value in Franklin, MI is $1,087,500. This is higher than the county median home value of $248,100. The national median home value is $219,700. The average price of homes sold in Franklin, MI is $1,087,500. Approximately 90.6% of Franklin homes are owned, compared to 5.16% rented, while 4.24% are vacant. Franklin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Franklin real estate agent to arrange a tour today!

Franklin, Michigan has a population of 3,218. Franklin is more family-centric than the surrounding county with 37.24% of the households containing married families with children. The county average for households married with children is 33.38%.

The median household income in Franklin, Michigan is $149,491. The median household income for the surrounding county is $73,369 compared to the national median of $57,652. The median age of people living in Franklin is 46.8 years.

Franklin Weather

The average high temperature in July is 82 degrees, with an average low temperature in January of 15.7 degrees. The average rainfall is approximately 33 inches per year, with 36.2 inches of snow per year.