The median home in Franklin, Michigan is valued at $844,867, up 5.1% year over year. Franklin is part of the Detroit-Warren-Dearborn, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$844,867

+5.1%

Prices rising — worse for buyers.

Affordability

Enter your income for Franklin.

Income (annual)

Down Payment

$168,973 on $844,867

Example: $75,000 household income. Change it above to see your own.

Out of reach87.8% of income

Need $235,286/yr to afford.

PITI$5,490

P/I87.8%

Afford$269K

Gap-$576K

P&I $4,272Tax $1,084Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Franklin with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K Union Pier$740K

Full Detroit-Warren-Dearborn, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Detroit-Warren-Dearborn, MI metro.

View Detroit-Warren-Dearborn, MI metro

Weekly briefing

Every Monday — score changes, top movers, and what shifted. Free.

Franklin, MI