Franklin, MI housing market
The typical Franklin home is worth about $927,000, up 7.7% in a year, 248% above the Michigan typical home. Homes typically sell in 12 days, a little above asking.
Home values, sales, trends and how Franklin compares with the towns next door — updated as new data is published.
Franklin at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Franklin | Michigan |
|---|---|---|
| 2017 | $534,000 | $144,000 |
| 2018 | $568,000 | $155,000 |
| 2019 | $571,000 | $165,000 |
| 2020 | $590,000 | $175,000 |
| 2021 | $636,000 | $194,000 |
| 2022 | $714,000 | $217,000 |
| 2023 | $766,000 | $230,000 |
| 2024 | $791,000 | $241,000 |
| 2025 | $853,000 | $253,000 |
| 2026 | $896,000 | $262,000 |
| August 2026 | $927,000 | $266,000 |
Franklin and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Franklin | $927K | +7.7% | 12 | $194,079 |
| Southfield | $254K | +1.9% | — | $184,531 |
| Southfield | — | — | 28 | $68,166 |
| Bingham Farms | $618K | +3.5% | — | $244,618 |
4.8 years of income
The typical Franklin home costs about 4.8 years of the town's median household income, more than across Michigan (3.7 years).
How Franklin ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.