Why Live in Franklin
Franklin, a neighborhood in northeast Detroit, is bordered by Gratiot Avenue, Schoenherr Street, and State Fair Avenue, providing residents with convenient access to local amenities and transportation. The area features homes from the 1920s to 1940s, including bungalows and colonial-style residences, many of which have been recently renovated. This revitalization has attracted new homeowners and investors, contributing to a dynamic housing market. Franklin's location along Seven Mile Road offers proximity to various shops, restaurants, and services, including Mike’s Fresh Market and dining options like Peking Chinese Food and Detroit Blues Café, known for its soul food and live blues performances. Outdoor enthusiasts can enjoy nearby Calimera Park and Wish Egan Field, which offer facilities for various recreational activities. The neighborhood's strategic location allows for easy travel to downtown Detroit, just 8.3 miles away, with frequent bus services available on Gratiot Avenue.
Franklin's residents benefit from a variety of local amenities. Mike’s Fresh Market, located at the corner of Gratiot and Seven Mile, fulfills every grocery need, while conveniences such as pet shops, clothing stores, and liquor marts can be found up and down Gratiot. The neighborhood also boasts around a dozen restaurants, including both popular chains and local favorites. Among the hidden treasures of this neighborhood is Peking Chinese Food, popular for its expansive menu of Chinese American staples perfect for both sit-in and takeout. No place expresses Detroit’s cultural soul like the Detroit Blues Café, where visitors can dine on soul food staples and may have to resist the urge to get up and dance while listening to Detroit-style blues performed by live bands.
Frequently Asked Questions
Is Franklin a good place to live?
Franklin is a good place to live. Franklin is considered somewhat walkable and bikeable with good transit options. Franklin has 4 parks for recreational activities. It is fairly dense in population with 12.7 people per acre and a median age of 36. The average household income is $47,016 which is below the national average. College graduates make up 5.4% of residents. A majority of residents in Franklin are home owners, with 44.2% of residents renting and 55.8% of residents owning their home. A
local real estate agent serving Franklin can help you decide if this neighborhood is the right one for you. Learn more on our
Franklin neighborhood guide.
Is Franklin, MI a safe neighborhood?
Franklin, MI is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Franklin?
The median home price in Franklin is $239,900. If you put a 20% down payment of $48,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $1,240 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $53K a year to afford the median home price in Franklin. The average household income in Franklin is $47K.
What are the best public schools in Franklin?
The best public schools that serve Franklin are:
What are the best private schools in Franklin?
The best private schools that serve Franklin are:
What are the most popular zip codes in Franklin, Detroit, MI?
What are the most popular neighborhoods near Franklin, Detroit, MI?
Home Trends in Franklin, MI
On average, homes in Franklin, Detroit sell after 23 days on the market compared to the national average of 70 days. The median sale price for homes in Franklin, Detroit over the last 12 months is $243,440, down 19% from the median home sale price over the previous 12 months.
Median Sale Price
$243,440
Median Single Family Sale Price
$243,440
Average Price Per Sq Ft
$149
Number of Homes for Sale
3
Last 12 months Home Sales
38
Median List Price
$239,900
Median Change From 1st List Price
-1%
Median Home Sale Price YoY Change
-19%
