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Franklin

Franklin

Suburban Neighborhood in Michigan

Oakland County 48025

$921,553 Average Value
$307 Average Price per Sq Ft
7 Homes For Sale

If you live anywhere near Oakland County, then you’re familiar with the Franklin Cider Mill and the Franklin Grill. And if you’re not, you’re going to want to be familiar. Known for its elegant and stately homes, Franklin Village is a quaint, rural suburb of Oakland County that draws visitors from all over to the seasonal cider mill and apple orchard. They also come to dine in the 18th-century carriage shop that is the Franklin Grill and to shop at the quaint boutique stores that line downtown Franklin.

“After a three-year sidewalk project, the area is very walkable,” says Terri Cooper, who has owned Village Boutique Franklin for nine years. “They put sidewalks throughout so walking in the area and downtown is much easier.” Cooper says the downtown shop owners share a camaraderie and eagerly welcome any new businesses. She also says she’s noticed more younger residents enjoying the many community activities that are held in Franklin and downtown Franklin. “There are block parties and there’s a gazebo where we have our Farmers Market every Sunday and also where a lot of community events are held,” says Cooper, whose shop specializes in women’s clothing and accessories – some locally made.

Founded in 1825, Franklin offers pastoral living, with many of its estates existing on acres of land. From the Franklin Historic District, annual community events and proximity to the Franklin Hills Country Club, the village has earned the reputation as a charming place to settle down. The grandiose estates of Franklin Village promote luxurious living with -modern and enticing Tudor architectural styles. Homes here are fit for royalty, with upper-level walkways, dramatic views of lush greenery and acres of private yards. Many homes have their own poolside patios and tennis courts. The homes differ vastly from one another and are perfect for hosting dinner parties or simply lounging in your own personal spa or fitness room. The single-family homes range in price from about $300,000 to $7 million.

Franklin Village is zoned for the neighboring Birmingham Public School district – which operates 14 schools. Niche ranks the district as No. 5 of 557 Michigan districts. Pierce Elementary School is known for its overall high test scores and Derby Middle School is recognized for its continuing improvement, while Seaholm High School has earned a reputation for being a great school for college preparation – ranking far above the state average in key measures of college and career readiness. Additionally, the village also is near esteemed private schools like Detroit Country Day and Cranbrook Schools, which offer top-notch education with a focus on holistic development.

Beverly Hills Village Park in Franklin is known for having one of the best sledding hills in Oakland County. The Franklin Community Association owns and maintains four acres of green space in the heart of Franklin Village. The park property includes two tennis courts, a large gazebo, a walking path, and two baseball and softball fields. FCA membership dues help pay for the mowing, upkeep, beautification, and insurance of Franklin Community Park

The Franklin Historic District is known as “The Town that Time Forget," and will delight you with its small-town, local shops and rustic feel. The Franklin Public Library will tell you all you need to know about this rural suburb.

Down Main Street, you’ll find quaint shops, historic architecture and the Annual Summer Block Party. Stop on into Franklin Grill, located in an 18th-century carriage shop and eat a meal on their beautiful garden patio. Stop by Madeleine's French Patisserie and Market and enjoy decadent European pastries. Update your wardrobe at Cooper’s Village Boutique. Located just out of the neighborhood is Franklin Cider Mill, a family-owned mill that dates back to the 1830s and is popular for its apple cider and donuts. For groceries, in addition to smaller markets, the Meijer department store is just three miles away.

Pao Cordero
Written By
Pao Cordero
Eric Lynch
Photography Contributed By
Eric Lynch
Matt Pangman
Video By
Matt Pangman

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Virginia Beckley, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Windsor International

52 min drive

Bus

Telegraph & 13 Mile Rd

Bus

Telegraph & S Cromwell

Crime and Safety

1 - Low Crime, 10 - High Crime Franklin US
Homicide 3 4
Sexual Assault 2 4
Assault with Weapon 2 4
Robbery 2 4
Burglary 3 4
Motor Vehicle Theft 3 4
Larceny 3 4
Crime Score 3 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$905,000
Median Single Family Price
$925,000
Average Price Per Sq Ft
$307
Number of Homes for Sale
7
Last 12 months Home Sales
53
Months of Supply
1.60
Median List Price
$949,500
Median Discount From 1st List Price
4%
Median Home Sale Price YoY Change
33%

Home Facts

Number of Homes in Neighborhood
1,112
Median Year Built
1961
Avg. Single Family Home Size Sq Ft
3,446
Significantly above the national average
1,936
Average 2 Bedroom Size Sq Ft
2,263
Median Lot Size Sq Ft
38,332

Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Interested in learning more about homes in this area? Reach out to Virginia Beckley, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
3,082
Median Age
48
Population Density
2 ppl/acre
Population under 18
22.2%
On par with the national average
23.8%
Population over 65
23.4%
On par with the national average
19.1%

Finances

Median Household Income
$177,023
Significantly above the national average
$71,702
Average Household Income
$193,420

Education and Workforce

High School Graduates
98.4%
College Graduates
78.2%
Significantly above the national average
34.1%
Advanced Degrees
46.8%
Significantly above the national average
13.3%
% Population in Labor Force
56.3%

Weather

Annual Precipitation
32''
Average Winter Low Temperature
15°F
Average Summer High Temperature
81°F
Annual Snowfall
18''

Area Factors

Somewhat Bikeable

Bike Score®

31 / 100

Car-Dependent

Walk Score®

17 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Reviews

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Franklin