Franklin, Michigan

Population

Down 0.6% since 2020.

3,134

people, the 198th-largest of Michigan's cities and towns.

Census Population Estimates, 2025. Rank among Michigan's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Nearly every job here goes to someone who lives somewhere else.

98.1%

of 618 jobs located in Franklin are filled by in-commuters.

Census LEHD LODES, 2021. Sources: Census LEHD LODES

Rent

Median rent is up 33% since the 2005–2009 survey, before inflation.

$2,659

a month. Michigan's median is $1,129.

Census ACS 5-year, 2015-2019 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent doubles.

A $2,265 gap between neighbors, the sharpest rent edge between adjacent tracts in Oakland County.

• $936 Tract 1545
• $3,201 Tract 1563

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$1,176–$1,764

is the monthly rent range local workforce wages support.

• $2,659 median

Supportable rent computed by the Almanac from 2021 source wage data. Median rent: Census ACS 5-year, 2015-2019. Sources: Computed by the Almanac, Census ACS 5-year

Building

Most of the housing here is older than 2000.

• 43 homes permitted in ten years, 2016–2025
• 0% of those were in multifamily buildings
• 85% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

Closing the gap would add 0–0.5% to the 1,103 homes here.

0–6

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2021 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 235% more than Michigan's.

$774,900

median home value in Franklin.

• $774,900 Franklin
• $231,600 Michigan
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year