How much does it cost to buy a house in Franklin, MI?

In May 2026 Franklin homes were listed to buy for a median price of $821K, which is a 14% decrease to April 2025 last month, and a 14% decrease to May 2025 last year. The median value of a home listed to buy in Franklin in May 2026 was $283 per sqft,

Is it affordable or expensive to live in Franklin, MI?

It is expensive to live in Franklin. Buying a home in Franklin is 2% more expensive compared with the national average.

Is the Franklin, MI housing market slowing down?

The housing market in Franklin is slowing down. In May 2026, homes to buy in Franklin spent an median 25 days on the market, a 44% decrease from May 2025 last year.

What are the best and safest places to live in Franklin, MI?

The best and safest neighborhoods to live in Franklin in May 2026 are Butler Ridge, Indian Village, Corktown, Brush Park, Coventry Gardens, Palmer Park, Green Acres, Dearborn Hills, University District, Ford Historic Homes, Downtown Detroit, North Rosedale Park, Rosedale Park, Russell Woods, Lafayette Park, East English Village, Eight Mile Wyoming, Grandmont, Warrendale, Brightmoor

How much money should I make to buy a house in Franklin, MI?

In May 2026, Franklin homes were listed to buy for a median price of $821K, with 25% down you would need $5.11K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $175K.