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Median House Value:

Franklin, MI

Found within zip code: 48025
This is a small community that is contained in a single neighborhood. As throughout the site, some neighborhood-level data are reserved for subscribers.
NEIGHBORHOOD COST DETAILS
MEDIAN HOUSE VALUE $468,207
  • high cost relative to Michigan
  • high cost relative to the nation
HOUSE VALUE RANGE
COST
$1,174,000+  6%
$880,001-$1,174,000  9%
$587,001-$880,000  19%
$470,001-$587,000  15%
$352,001-$470,000  25%
$234,001-$352,000  19%
$117,001-$234,000  5%
$59,001-$117,000  1%
$0-$59,000  1%
% OF HOMES
RENTAL PRICE very high cost relative to MI, very high cost relative to the nation


NEIGHBORHOOD LOOK, FEEL,
& CHARACTER
DETAILS
THE SETTING Suburban (based on population density)
TYPE OF HOMES / DWELLINGS mostly Single-family homes, some Rowhouses & attached homes, some Small apartment buildings, a few Complexes/high rise apartments
SIZE OF HOMES / DWELLINGS mostly Medium-sized dwellings (3 or 4 bedrooms), some Large dwellings (4, 5 or more bedrooms)
AGE OF HOMES / DWELLINGS mostly Well established older homes (Built 1940 - 1969), some Established but not old (Built 1970 - 1994), some Newer Homes (Built 1995 or later), a few Historic homes (Built 1939 or earlier)
HOME OWNERSHIP Mostly Owner occupied
SPECIAL CHARACTER mostly Urban Sophisticates, Quiet, Walkable


THE NEIGHBORS DETAILS
AGE & LIFESTYLE mostly Mixed ages, some Families with children (family households with school-aged children), some Young singles-upwardly mobile (young, educated, professionally employed, and single), some Seniors (people 65 and over), some College students (people currently attending college)
EDUCATION LEVEL Rating: 10 (5 is average for the U.S., 10 is most educated)
INCOME Wealthy (among the 15% most wealthy communities in America)
OCCUPATIONS mostly Executive, managerial & professional, some Sales & Service workers, some Clerical, assistants & technical support
ETHNICITY/ANCESTRY mostly White (non-Hispanic), some Irish ancestry, some Black, some Italian ancestry, some East Asian, some Arabian, some Asian Indian
LANGUAGES mostly English speaking, some Russian speaking, some French speaking, some Spanish speaking, some Italian speaking

School Rating Information


Franklin Educational Rating
This town is served by one school district.

BIRMINGHAM CITY SCHOOL DISTRICT School District




8,110 Students enrolled in District

14 Schools in District

DISTRICT RATING
COMPARED TO STATE (10 is best)
10
Better than:
of MI school
districts
99.8%
DISTRICT RATINGClick to get help on this item
COMPARED TO U.S.
(10 is best)
9
Better than:
of US school
districts
82.0%
STUDENTS PER CLASSROOM
15
STATE AVERAGE 18

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Public School Test Scores (No Child Left Behind)

93%
74%
96%
78%
91%
69%
DISTRICT
STATE
PROFICIENT IN
READING & MATH
PROFICIENT IN
READING
PROFICIENT IN
MATH
SCHOOLS IN THIS DISTRICT GRADES
BERKSHIRE MIDDLE SCHOOL
21707 W. 14 MILE ROAD, BEVERLY HILLS, MI 48025
(248) 203-4703
06-08
BEVERLY ELEMENTARY SCHOOL
18305 BEVERLY ROAD, BEVERLY HILLS, MI 48025
(248) 203-3164
KG-05
BINGHAM FARMS ELEMENTARY SCHOOL
23400 W. 13 MILE ROAD, BINGHAM FARMS, MI 48025
(248) 203-3390
KG-05
BIRMINGHAM COVINGTON SCHOOL
1525 COVINGTON ROAD, BLOOMFIELD HILLS, MI 48301
(248) 203-4425
03-08
DERBY MIDDLE SCHOOL
1300 DERBY ROAD, BIRMINGHAM, MI 48009
(248) 203-5003
06-08
ERNEST W. SEAHOLM HIGH SCHOOL
2436 W. LINCOLN ROAD, BIRMINGHAM, MI 48009
(248) 203-3702
09-12
GREENFIELD ELEMENTARY SCHOOL
31200 FAIRFAX AVENUE, BEVERLY HILLS, MI 48025
(248) 203-3217
KG-05
HARLAN ELEMENTARY SCHOOL
3595 N. ADAMS ROAD, BLOOMFIELD HILLS, MI 48304
(248) 203-3268
KG-05
MIDVALE EARLY CHILDHOOD CENTER
2121 MIDVALE STREET, BIRMINGHAM, MI 48009
(248) 203-5803
PK-PK
PEMBROKE ELEMENTARY SCHOOL
955 N. ETON DRIVE, TROY, MI 48084
(248) 203-3888
KG-05
See all
School district enrollment by group
ETHNIC/RACIAL GROUPS THIS DISTRICT THIS STATE
WHITE (NON-HISPANIC) (%) 85.2 71.9
BLACK (%) 9.7 20.3
HISPANIC (%) 1.3 4.4
ASIAN OR PACIFIC ISLANDER (%) 2.5 2.4
AMERICAN INDIAN OR NATIVE OF ALASKA (%) 0.1 1.0
ECONOMIC GROUPS THIS DISTRICT THIS STATE
ECONOMICALLY DISADVANTAGED (%) NO DATA 35.0
Educational Expenditures
FOR THIS DISTRICT PER STUDENT TOTAL % OF TOTAL
INSTRUCTIONAL EXPENDITURES $7,794 $63,207,000 34.4
SUPPORT EXPENDITURES
STUDENT $976 $7,914,000 4.3
STAFF $876 $7,102,000 3.9
GENERAL ADMINISTRATION $208 $1,683,000 0.9
SCHOOL ADMINISTRATION $753 $6,103,000 3.3
OPERATION $1,722 $13,963,000 7.6
TRANSPORTATION $424 $3,439,000 1.9
OTHER $408 $3,306,000 1.8
TOTAL SUPPORT $5,365 $43,510,000 23.7
NON-INSTRUCTIONAL EXPENDITURES $9,503 $77,066,000 41.9
TOTAL EXPENDITURES $22,661 $183,783,000 100.0
Franklin EDUCATIONAL ENVIRONMENT
ADULTS IN Franklin WITH COLLEGE DEGREE OR HIGHER (%) 70.8
CHILDREN IN Franklin LIVING IN POVERTY (%) 0.3

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Franklin Appreciation Rates Click for help

PERIOD TOTAL APPRECIATION AVG. ANNUAL RATE COMPARED
TO MI*
COMPARED
TO AMERICA*
Since 1990 44.86% 2.36% 1 1
Last 10 Years Subscribe for detail
Last 5 Years Subscribe for detail
Last 2 Years Subscribe for detail
Last 12 Months Subscribe for detail
Latest Quarter Subscribe for detail
* 10 is highest

About Franklin

Franklin is a somewhat small town located in the state of Michigan. With a population of 14,405 people and just one neighborhood, Franklin is the 96th largest community in Michigan.

Franklin is a decidedly white-collar town, with fully 93.27% of the workforce employed in white-collar jobs, well above the national average. Overall, Franklin is a town of professionals, managers, and sales and office workers. There are especially a lot of people living in Franklin who work in management occupations (19.57%), sales jobs (15.93%), and office and administrative support jobs (9.00%).

Of important note, Franklin is also a town of artists. Franklin has more artists, designers and people working in media than 90% of the communities in America. This concentration of artists helps shape Franklin's character.

Also of interest is that Franklin has more people living here who work in computers and math than 95% of the places in the US.

In addition, Franklin is home to many people who could be described as "urban sophisticates." Urban sophisticates are people who are both educated and wealthy, and thus tend to be older, richer, and more established than young professionals. "Urban sophisticates" is not just about being educated and well-off financially: it is a point of view and state of mind, one that you might call 'urbaneness.' But such people can and do regularly live in small towns, suburbs and rural areas, as well as in big cities. They read, support the arts and high-end shops, and love travel.

Franklin is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town's good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Franklin's overall crime rate is lower than average for the country.

For most residents of Franklin, getting to work requires a car. In fact, 99% of people in Franklin drive alone to work on most days, making Franklin a very car-oriented town. In general, car-oriented communities tend to emphasize streets, highways, and ease of parking, often to the detriment of walkability. Strip centers are a feature of Franklin's landscape.

Franklin is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.

Franklin Information and Demographics

Do you like to read, write and learn? If you move to Franklin, you'll likely find that many of your neighbors like to as well. Franklin is one of the more educated communities in America, with a full 64.80% of its adults having a college degree or even advanced degree, compared to a national average across all communities of 14.96%.

The per capita income in Franklin in 2000 was $51,223, which is wealthy relative to Michigan and the nation. This equates to an annual income of $204,892 for a family of four. However, Franklin contains both very wealthy and poor people as well.

The people who call Franklin home come from a variety of different races and ancestries. The most prevalent race in Franklin is White, followed by African-American. Important ancestries of people in Franklin include German, Irish, English, Polish, Italian, Russian, and Scottish.

The most common language spoken in Franklin is English.

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Franklin, MI

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