USA.com / Michigan / Oakland County / Franklin, MI / Housing

Franklin, MI Housing

Basic InfoPopulation/RacesIncome/CareersHousingEducationCrime/Crime RateOthers

Hot Rankings

Fastest / Slowest Growing Cities Nearby

Best / Worst Cities by Crime Rate Nearby

Richest / Poorest Cities by Income Nearby

Expensive / Cheapest Homes Nearby

Most / Least Educated Cities Nearby

Fastest / Slowest Growing Cities in MI

High / Low MI Cities by Males Employed

High / Low MI Cities by Females Employed

Best / Worst Cities by Crime Rate in MI

Richest / Poorest Cities by Income in MI

Expensive / Cheapest Homes by City in MI

Most / Least Educated Cities in MI

As of 2010-2014, median price of a house in Franklin is $466,300, which is much higher than the state average of $120,200 and is much higher than the national average of $175,700. The Franklin median house value has grown by 12.52% since 2000. The growth rate for the price of a house in Franklin is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Franklin was built is 1962, which is older than the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,037 Owner Occupied Houses in Franklin, MI, #10

Franklin, MI	466,300 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #233

Franklin, MI	12.52%
Michigan	3.98%
U.S.	46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Franklin, MI	Michigan	U.S.
Total Housing Units	1,182, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	1,108, 93.74%, see rank	84.45%	87.55%
Owner Occupied	1,037, 87.73%, see rank	60.41%	56.34%
Renter Occupied	71, 6.01%, see rank	24.04%	31.21%
Vacant Housing Units	74, 6.26%, see rank	15.55%	12.45%
For Rent	0, 0.00%, see rank	1.84%	2.34%
For Sale Only	6, 0.51%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	10, 0.85%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	15, 1.27%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	43, 3.64%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #345

Franklin, MI	Michigan	U.S.
1962	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Franklin, MI	%	Michigan	U.S.
Owner-Occupied Units	1,037	100%	2,738,012	74,787,460
With a Mortgage	700	67.50%, see rank	63.63%	65.58%
Without a Mortgage	337	32.50%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Franklin, MI	3,259 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, MI	%	Michigan	U.S.
$299 or Less	0	0.00%, see rank	0.19%	0.20%
$300 to $499	0	0.00%, see rank	1.88%	1.59%
$500 to $699	0	0.00%, see rank	6.65%	5.01%
$700 to $999	5	0.71%, see rank	19.56%	14.32%
$1,000 to $1,499	39	5.57%, see rank	34.69%	27.90%
$1,500 to $1,999	115	16.43%, see rank	20.06%	20.35%
$2,000 to $2,999	162	23.14%, see rank	12.84%	19.52%
$3,000 or More	379	54.14%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, MI	23.40% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, MI	%	Michigan	U.S.
10% or Less	67	9.57%, see rank	5.90%	5.86%
10% to 20%	197	28.14%, see rank	35.28%	31.95%
20% to 30%	182	26.00%, see rank	27.51%	27.64%
30% to 40%	76	10.86%, see rank	12.63%	13.74%
40% or More	174	24.86%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Franklin, MI	1,001 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Franklin, MI	%	Michigan	U.S.
$199 or Less	0	0.00%, see rank	4.74%	7.76%
$200 to $299	0	0.00%, see rank	12.46%	14.70%
$300 to $499	35	10.39%, see rank	40.41%	34.63%
$500 to $699	30	8.90%, see rank	25.95%	21.16%
$700 or More	272	80.71%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Franklin, MI	15.00% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Franklin, MI	%	Michigan	U.S.
10% or Less	115	34.12%, see rank	35.33%	40.19%
10% to 20%	120	35.61%, see rank	33.76%	31.47%
20% to 30%	18	5.34%, see rank	13.39%	12.24%
30% to 40%	28	8.31%, see rank	6.18%	5.64%
40% or More	56	16.62%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Franklin, MI	Michigan	U.S.
Total Housing Units	1,182, 100%	4,532,719	132,741,033
1-unit, Detached	1,142, 96.62%, see rank	71.97%	61.65%
1-unit, Attached	21, 1.78%, see rank	4.66%	5.82%
2 Units	4, 0.34%, see rank	2.58%	3.75%
3 or 4 Units	0, 0.00%, see rank	2.56%	4.43%
5 to 9 Units	0, 0.00%, see rank	4.20%	4.78%
10 or More Units	0, 0.00%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	15, 1.27%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Franklin, MI	Michigan	U.S.
Total Housing Units	1,182, 100%	4,532,719	132,741,033
1 Room	0, 0.00%, see rank	1.24%	1.95%
2 Rooms	0, 0.00%, see rank	1.78%	2.48%
3 Rooms	0, 0.00%, see rank	7.14%	9.13%
4 Rooms	18, 1.52%, see rank	14.38%	16.60%
5 Rooms	49, 4.15%, see rank	21.00%	20.41%
6 Rooms	57, 4.82%, see rank	20.07%	18.06%
7 Rooms	247, 20.90%, see rank	13.45%	12.27%
8 Rooms	208, 17.60%, see rank	9.27%	8.48%
9 Rooms or More	603, 51.02%, see rank	11.67%	10.60%
Median Rooms	9.00, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Franklin, MI	Michigan	U.S.
Total Housing Units	1,182, 100%	4,532,719	132,741,033
No Bedroom	0, 0.00%, see rank	1.35%	2.17%
1 Bedroom	0, 0.00%, see rank	9.11%	11.16%
2 Bedrooms	80, 6.77%, see rank	26.33%	26.69%
3 Bedrooms	438, 37.06%, see rank	43.93%	39.70%
4 Bedrooms	500, 42.30%, see rank	15.80%	16.05%
5 or More Bedrooms	164, 13.87%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Franklin, MI	Michigan	U.S.
Total Housing Units	1,108, 100%	3,827,880	116,211,092
Utility Gas	1,028, 92.78%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	3, 0.27%, see rank	8.48%	4.86%
Electricity	44, 3.97%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	14, 1.26%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	4, 0.36%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	15, 1.35%, see rank	0.86%	0.47%
No Fuel Used	0, 0.00%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Franklin, MI	Michigan	U.S.
Occupied Units Paying Rent	55, 100%	1,028,835	39,201,928
$199 or Less	0, 0.00%, see rank	1.86%	1.50%
$200 to $299	0, 0.00%, see rank	3.88%	3.18%
$300 to $499	0, 0.00%, see rank	9.32%	7.37%
$500 to $699	0, 0.00%, see rank	23.63%	16.01%
$700 to $999	19, 34.55%, see rank	35.23%	29.17%
$1,000 to $1,499	3, 5.45%, see rank	20.17%	26.88%
$1,500 to $1,999	12, 21.82%, see rank	3.85%	9.79%
$2,000 or More	21, 38.18%, see rank	2.06%	6.10%
Median	$1,729, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Franklin, MI	Michigan	U.S.
Occupied Housing Units	1,108, 100%	3,827,880	116,211,092
No Vehicles Available	8, 0.72%, see rank	7.97%	9.12%
1 Vehicles Available	230, 20.76%, see rank	35.06%	33.80%
2 Vehicles Available	480, 43.32%, see rank	38.45%	37.48%
3 or More Vehicles Available	390, 35.20%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.