Franklin Michigan Real Estate

Franklin Real Estate Franklin Village, named after Benjamin Franklin, is a historic community located in Southeastern Oakland County. With a population just over 3,000, Franklin is known to be an affluent community with large estate sized homes and a quaint downtown historic area.

The village is 2.66 square miles in size with no major lakes, but many ravines & streams. There are several historic markers through-out Franklin, including it being a stop on the underground railroad.

Franklin is bordered to the North by Bloomfield Township, to the East by Bingham Farms, to the South by Southfield, and to the West by Farmington Hills. If you are interested in homes for sale in Franklin, click the real estate button below, or read on to learn more about Franklin, Michigan.

Franklin Real Estate

 

Franklin is perhaps best known for the Franklin Cider Mill, which has been around since Michigan became a state in 1837. The ciderFranklin Real Estate mill is located on the corner of 14 mile & Franklin roads, and is open from Labor Day – Thanksgiving.

Franklin does have its own fire department which houses 1 fire chief and 1 full-time fire fighter. The remainder of the fire house are volunteers. The fire department services Franklin, Bingham, and Southfield Twp.  Franklin & Bingham also share a police department which employee’s 10 full-time offices and 7 reserve.

Franklin school children attend the Birmingham Public School District.
For more information on the village of Franklin, visit their website at http://www.franklin.mi.us

Property Taxes in Franklin Village are calculated at a rate of 35 Mils for principal residences and 45 Mils for Non Principal.
This means you will pay $35-$45 per $1000 of taxable value.
For more information on how property taxes work in Michigan please reference my blog post —> How Do Property Taxes Work in Michigan

Franklin Real Estate

Average Sold Price per Square Foot Historically
Franklin, 2007 = $179
Franklin, 2008 = $137
Franklin, 2009 = $100
Franklin, 2010 = $107
Franklin, 2011 = $123
Franklin, 2012 = $139
Franklin, 2013 = $160
Franklin, 2014 = $173
Franklin, 2015 = $156
Franklin, 2016 = $175

 

This information is brought to you by Franklin Real Estate agent Margo Borkin. Data compiled using RealComp, The realtors MLS. Margo Borkin is a memeber of the National Association of Realtors & the Greater Metropolitan Assocation of Realtors.