Home prices
The median home in Franklin costs $611,900. Compared to other places in this area it is roughly $329,200 (116%) higher.It is approximately $394,400 (181%) higher in comparison to the rest of the nation, and compared to the city of Detroit is roughly $562,700 (1143%) higher.
Rents
Franklin's median monthly rent is $2,659. This is about $1,505 (130%) higher compared to the surrounding areas.In comparison to the US as a whole it is about $1,597 (150%) higher, and it is approximately $1,835 (222%) higher in comparison to the city of Detroit.
Nearby places
Bingham Farms
Bingham Farms is Franklin's neighbor to the east. Real estate prices there are a lot less expensive. Bingham Farms's median home value is $415,000, which comes out to $196,900 (47%) lower than Franklin. Its rents are significantly less expensive. The median rent in Bingham Farms is $1,000 per month, which comes out to $1,659 (165%) lower than Franklin.
Southfield
Southfield is Franklin's neighbor to the southeast. The housing prices there are a lot less expensive. The median home cost in Southfield is $155,700, which is $456,200 (292%) lower than Franklin. Rent there is a lot less expensive. In Southfield the median rent is $1,125 a month, which is $1,534 (136%) lower than Franklin.
Farmington Hills
Farmington Hills is Franklin's neighbor to the southwest. Its housing prices are significantly less expensive. The median home in Farmington Hills costs $257,300, which comes out to $354,600 (137%) lower than Franklin. The rent there is a lot less expensive. In Farmington Hills the median monthly rent is $1,171, which is $1,488 (127%) lower than Franklin.
Beverly Hills
Beverly Hills is approximately 2 miles east of Franklin. The housing prices there are a lot less expensive. The value of the median home in Beverly Hills is $387,400, which is $224,500 (57%) lower than Franklin. The rent there is substantially less expensive. Beverly Hills's median monthly rent is $1,238, which comes out to $1,421 (114%) lower than Franklin.
Lathrup Village
Lathrup Village is about 3 miles southeast of Franklin. Housing prices there are significantly less expensive. The median home in Lathrup Village is valued at $198,100, which is $413,800 (208%) lower than Franklin. Its rents are substantially less expensive. Lathrup Village's median rent is $1,234 per month, which comes out to $1,425 (115%) lower than Franklin.
