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Franklin, MI Home Values and Rents
The typical home value in Franklin is $920,705, 2nd highest of 442 cities and towns in Michigan.
- Typical home value
- $920,705
- 2nd of 442 in MI
- Price change, 1 year
- +8.1%
- Sep 2026
- Homeownership
- 98.2%
- MI: 73.2%
Home sale prices in the Detroit-Warren-Dearborn, MI area
Zillow median sale price, Sep 2026
$273,321+3.9% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Franklin
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Franklin |
|---|---|
| Sep 2026 | $920,705 |
| Dec 2025 | $873,913 |
| Dec 2024 | $836,330 |
| Dec 2023 | $777,270 |
| Dec 2022 | $750,934 |
| Dec 2021 | $695,008 |
| Dec 2020 | $619,021 |
| Dec 2019 | $580,931 |
| Dec 2018 | $560,109 |
| Dec 2017 | $558,442 |
| Dec 2016 | $519,823 |
| Dec 2015 | $513,323 |
| Dec 2014 | $511,551 |
| Dec 2013 | $480,042 |
| Dec 2012 | $423,418 |
Over five years, Franklin prices changed +34.3%.
Source: Zillow Research · Last updated 09/01/2026
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 48025 | $544,500 | $2,112 | +7.7% | +47.3% |
Fair Market Rents, FY2027
HUD rent standard for Detroit-Warren-Livonia, MI HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,047 | +3.8% |
| 1 bedroom | $1,167 | +4.0% |
| 2 bedrooms | $1,459 | +3.4% |
| 3 bedrooms | $1,777 | +3.1% |
| 4 bedrooms | $1,929 | +3.3% |
Frequently asked questions
- What is the typical home value in Franklin, MI?
- The typical home value in Franklin is $920,705 (Zillow Home Value Index, Sep 2026). The Michigan median is $231,600.
- Are home prices going up in Franklin?
- The typical home value in Franklin changed +8.1% over one year and +34.3% over five years, as of Sep 2026.
- How does Franklin compare with the rest of Michigan?
- Franklin has the 2nd highest median home value of 442 cities and towns with 1,000+ residents in Michigan.
- Which ZIP code in Franklin has the highest home values?
- ZIP code 48025 has the highest median home value at $544,500.