Franklin, Detroit, MI
Franklin — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Franklin, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Franklin Neighborhood Overview
Franklin is a historic neighborhood located in Detroit, Michigan, centered around the ZIP code 48201. It is known for its quiet, suburban-like atmosphere within the city limits, featuring winding streets and mature tree canopies. The area offers a distinct residential character that appeals to those seeking a serene environment.
Lifestyle & Amenities
Residents enjoy a peaceful lifestyle with access to local parks and community events. The neighborhood's charm is complemented by its proximity to shopping districts and dining options in nearby areas. Its setting provides a retreat from busier urban centers while remaining connected to city amenities.
Real Estate Market
The real estate market in Franklin features a Census median home value of $381,500. Current market data shows an asking price per square foot of approximately $56.37, indicating a market for single-family homes. The reported median household income in the area is $22,243.
Schools & Education
Families in Franklin are served by the Detroit Public Schools Community District. The neighborhood's educational opportunities include various public and nearby private school options. Specific performance data for local schools is not provided here.
Transportation & Connectivity
Franklin is accessible via major roadways, providing straightforward commutes to downtown Detroit and other employment centers. Public transportation options are available through the Detroit Department of Transportation bus system. Its location offers a balance of seclusion and connectivity for drivers.
Why Choose Franklin
Franklin is an ideal choice for homebuyers seeking a historic, tranquil neighborhood with a strong sense of community within Detroit. The area presents a unique real estate market with higher-value homes amidst a varied economic landscape. It appeals to those who value quiet, tree-lined streets and a distinct residential identity.
Franklin Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Franklin, Detroit
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Franklin, Detroit, MI. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15