Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin Park area can be challenging. Home prices in Franklin Park are now at a median cost of $50,248, lower than the Detroit average of $215,900.
The average cost of rent is $838/mo in Franklin Park, primarily driven by the current value of real estate in the Franklin Park area. While nearly 61.53% of residents own their homes outright in Franklin Park, 56.81% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Park is $3,015 per month. Households that rent pay about 27.78% of their income on rent here. Franklin Park's most expensive areas are in the northern regions, while the cheapest areas are in the northwestern parts of the neighborhood.
Nearby Neighborhoods
- Weatherby, Detroit, MI: less expensive homes
- Grandale, Detroit, MI: less expensive homes
- Garden View, Detroit, MI: less expensive homes
- Warrendale, Detroit, MI: less expensive homes
- Park, Redford, MI: higher priced homes
- Schoolcraft Southfield, Detroit, MI: higher priced homes
- Fishkorn, Detroit, MI: less expensive homes
- Castle Rouge, Detroit, MI: higher priced homes
- Brightmoor, Detroit, MI: less expensive homes
- Rosedale Park, Detroit, MI: higher priced homes
Neighborhoods with Similar Populations
- Westlake Village Area-Los Angeles, Westlake Village, CA: higher priced homes
- Pembroke, Detroit, MI: higher priced homes
- Prescott, Oakland, CA: higher priced homes
- Quintana Community, San Antonio, TX: higher priced homes
- Lawrence Park, Bronxville, NY: higher priced homes
- Adams Crossroads, Duluth, GA: higher priced homes
- Read Blvd East, New Orleans, LA: higher priced homes
- Shiloh, York, PA: higher priced homes
- Kenton, Portland, OR: higher priced homes
- SouthWest Anaheim, Anaheim, CA: higher priced homes
All Local Stats
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