Franklin, MI
Comprehensive Demographic, Economic, and Housing Data Profile
Living in Franklin, MI: Quick Facts & Overview
- Population: 2,554 residents (370 people per sq. mi.)
- Average House Price: $760,844
- Average Household Income: $194,079
Franklin, MI is located in the state of Michigan. It is home to about 2,554 people, with around 370 residents living in every square mile.
If you want to buy a house in Franklin, the average price is around $760,844. That makes local housing 243% higher than the Michigan average of $221,733, and 147% higher than the national average of $308,592.
The average household in Franklin earns about $194,079 a year. This income is 165% higher than the average family in Michigan ($73,374), and 147% higher than the national average ($78,686).
Population
2,554
Median Household Income
$194,079
Median Home Value
$760,844
Median Age
49.5 yrs
Household Income Brackets
Racial & Ethnic Demographics
Age Distribution
Educational Attainment
Economic & Labor Indicators
| Individual Median Income | $109,625 |
| Labor Force Participation | 62.4% |
| Unemployment Rate | 2.0% |
| Average Commute Time | 25.5 mins |
Housing & Community Metrics
| Home Ownership Rate | 98.2% |
| Median Rent | $2,112 |
| Rent Burdened (>30% Income) | 41.3% |
| Total Housing Units | 1,032 |
Additional Census & Housing Profile
Geographic Overview
| County | Oakland |
| County FIPS | 26125 |
| Metro Area (CBSA) | Detroit-Warren-Dearborn, MI |
| Combined Area (CSA) | Detroit-Warren-Ann Arbor, MI |
| Population Density | 370.3/sq mi |
| Coordinates (lat/lng) | 42.5187, -83.3030 |
| Timezone | America/Detroit |
| National Ranking | 3 |
| Incorporated | Yes |
Household Structure
| Average Family Size | 2.86 |
| Dual Income Families | 48.3% |
Marital Status
| Married | 74.6% |
| Never Married | 15.0% |
| Divorced | 5.2% |
| Widowed | 5.3% |
Gender
| Male | 47.9% |
| Female | 52.1% |
Health & Poverty
| Uninsured Rate (Health) | 1.2% |
| Poverty Rate | 2.8% |
Key Population Groups
| Veterans | 1.8% |
| Disabled Population | 7.8% |
| Limited English Proficiency | - |
All ZIP Codes in Franklin
| ZIP Code | Population | Median Household Income | Median Home Value |
|---|---|---|---|
| 48025 | 14,734 | $185,000 | $540,715 |
Nearby Cities
| City | Distance | Population |
|---|---|---|
| Bingham Farms, MI | 1.3 miles | 1,680 |
| Beverly Hills, MI | 3.1 miles | 10,524 |
| Southfield, MI | 3.6 miles | 76,236 |
| Lathrup Village, MI | 4.3 miles | 4,059 |
| Farmington Hills, MI | 4.4 miles | 83,515 |
| Birmingham, MI | 4.7 miles | 21,763 |
| Bloomfield Hills, MI | 5 miles | 4,415 |
| Farmington, MI | 5.5 miles | 11,504 |
| Orchard Lake Village, MI | 5.9 miles | 2,238 |
| Berkley, MI | 6.2 miles | 15,149 |
| Keego Harbor, MI | 6.6 miles | 2,747 |
| Sylvan Lake, MI | 7 miles | 1,705 |
| Oak Park, MI | 7.2 miles | 29,318 |
| Huntington Woods, MI | 7.3 miles | 6,328 |
| Royal Oak, MI | 7.6 miles | 57,950 |
| Clawson, MI | 7.9 miles | 11,374 |
| Pleasant Ridge, MI | 8.7 miles | 2,602 |
| Walled Lake, MI | 9 miles | 7,299 |
| Livonia, MI | 9.1 miles | 93,851 |
| Troy, MI | 9.1 miles | 87,898 |
| Pontiac, MI | 9.1 miles | 62,104 |
| Ferndale, MI | 9.7 miles | 19,190 |
| Wolverine Lake, MI | 9.8 miles | 4,487 |
| Novi, MI | 9.9 miles | 66,717 |
| Madison Heights, MI | 10.2 miles | 28,419 |
| Auburn Hills, MI | 11.1 miles | 25,105 |
| Northville, MI | 11.1 miles | 6,069 |
| Hazel Park, MI | 11.2 miles | 14,963 |
| Wixom, MI | 11.8 miles | 17,295 |
| Lake Angelus, MI | 12 miles | 238 |
| Rochester Hills, MI | 12.5 miles | 77,089 |
| Highland Park, MI | 13.1 miles | 8,628 |
| Plymouth, MI | 13.2 miles | 9,214 |
| Garden City, MI | 13.6 miles | 26,739 |
| Detroit, MI | 13.9 miles | 3,773,720 |
| Dearborn Heights, MI | 14 miles | 61,771 |
| Warren, MI | 14.2 miles | 137,928 |
| Westland, MI | 14.3 miles | 83,633 |
| Center Line, MI | 14.3 miles | 8,463 |
| Sterling Heights, MI | 14.5 miles | 133,573 |
| Rochester, MI | 14.9 miles | 12,934 |
| Dearborn, MI | 15 miles | 107,423 |
| Hamtramck, MI | 15.2 miles | 27,743 |
| Inkster, MI | 15.6 miles | 25,428 |
| Milford, MI | 15.9 miles | 6,487 |
| Village of Clarkston, MI | 16 miles | 874 |
| Utica, MI | 16.2 miles | 5,180 |
| Wayne, MI | 17.2 miles | 17,310 |
| Melvindale, MI | 17.7 miles | 12,554 |
| Fraser, MI | 18 miles | 14,583 |
| South Lyon, MI | 18.2 miles | 146,383 |
| Eastpointe, MI | 18.5 miles | 33,982 |
| Allen Park, MI | 18.5 miles | 27,925 |
| Lake Orion, MI | 18.5 miles | 2,863 |
| Roseville, MI | 18.7 miles | 47,123 |
| River Rouge, MI | 19.3 miles | 7,008 |
| Harper Woods, MI | 19.8 miles | 15,116 |
| Lincoln Park, MI | 20 miles | 39,257 |
| Taylor, MI | 20.3 miles | 62,081 |
| Ecorse, MI | 20.4 miles | 9,064 |
| Romulus, MI | 20.6 miles | 24,831 |
| St. Clair Shores, MI | 20.8 miles | 58,140 |
| Oxford, MI | 21.1 miles | 3,474 |
| Grosse Pointe Woods, MI | 21.4 miles | 16,094 |
| Grosse Pointe Park, MI | 21.4 miles | 11,319 |
| Grosse Pointe, MI | 21.8 miles | 5,541 |
| Grosse Pointe Farms, MI | 22 miles | 9,904 |
| Mount Clemens, MI | 22.1 miles | 15,511 |
| Southgate, MI | 22.3 miles | 29,366 |
| Village of Grosse Pointe Shores, MI | 22.3 miles | 2,795 |
| Wyandotte, MI | 22.5 miles | 24,489 |
| Belleville, MI | 23.7 miles | 3,910 |
| Whitmore Lake, MI | 23.8 miles | 7,878 |
| Ortonville, MI | 24 miles | 1,341 |
| Brighton, MI | 24.5 miles | 7,688 |
| Hartland, MI | 24.5 miles | 912 |
| Riverview, MI | 24.6 miles | 12,186 |
| Romeo, MI | 24.9 miles | 3,578 |
| Ypsilanti, MI | 25 miles | 19,857 |
| Holly, MI | 25.2 miles | 5,964 |
| Leonard, MI | 25.3 miles | 346 |
| Trenton, MI | 26.8 miles | 18,125 |
| Woodhaven, MI | 26.9 miles | 12,690 |
| Barton Hills, MI | 27 miles | 430 |
| Ann Arbor, MI | 27.5 miles | 318,688 |
| Fenton, MI | 28.5 miles | 11,906 |
| Flat Rock, MI | 29 miles | 10,340 |
| Goodrich, MI | 29.3 miles | 2,022 |
| Metamora, MI | 29.3 miles | 693 |
| New Haven, MI | 29.7 miles | 6,475 |
| Gibraltar, MI | 29.7 miles | 4,873 |
| Lake Fenton, MI | 30.6 miles | 6,417 |
| Almont, MI | 30.7 miles | 2,838 |
| Armada, MI | 30.9 miles | 1,994 |
| Dryden, MI | 30.9 miles | 1,182 |
| New Baltimore, MI | 31 miles | 12,072 |
| Rockwood, MI | 31.1 miles | 3,161 |
| South Rockwood, MI | 31.8 miles | 1,924 |
| Linden, MI | 32 miles | 4,160 |
| Dexter, MI | 32.1 miles | 4,521 |