Median Age
48 Years
Largest Age Group
55-64 Years
Approximately 16% of Residents
Under 20
22%
Over 65
23%
Franklin, MI earns its nickname "The Town That Time Forgot" honestly: this three-square-mile Oakland County village holds the distinction of having Michigan's first National Historic District, a title its downtown has carried since 1969. Daily life here revolves around a quaint downtown lined with historic architecture, walkable streets improved by a recent multi-year sidewalk project, and a residential character that feels more like a countryside retreat than a Detroit suburb. The village sits roughly 30 minutes from downtown Detroit, making it a practical base for those who want a slower pace without sacrificing access to a major metro.
There are a few rental options in Franklin. The main one is rental homes, but there are a few apartment communities. Lawrence Technological University is just a 10-minute drive away, and Oakland Community College's Orchard Ridge campus is about 12 minutes out. The village itself was founded in 1825 and named after Benjamin Franklin in 1831, and the Franklin Cider Mill, a family-owned operation dating to the 1830s, remains one of the most celebrated seasonal destinations in all of metro Detroit.
Median Household Income
$177,153
Average: $193,605
Education
1,796
Residents Have a Degree
Job Market
1,343
Workers Employed
Median Age
48 Years
Largest Age Group
55-64 Years
Approximately 16% of Residents
Under 20
22%
Over 65
23%
Housing Distribution
Franklin has more homeowners than renters.
Education Distribution
Review this city's overall education levels.
Explore how walkable, bikeable, drivable, and transit-friendly Franklin, MI is for everyday living.
Fairly Walkable
Walkability
Very Drivable
Drivability
Somewhat Bikeable
Bikeability
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.