Introduction
Franklin, Michigan is a small village with a big sense of history. Known for its preserved buildings, wooded setting, and quiet streets, Franklin attracts people looking for a slower pace without being far from Metro Detroit conveniences. Living here is less about hustle and more about atmosphere, space, and long-term stability. If charm and calm matter to you, Franklin often ends up on the shortlist.
Cost of Living in Franklin, Michigan
The cost of living in Franklin is higher than the Michigan average, driven primarily by housing costs. According to BestPlaces.net, home values in Franklin exceed state medians, reflecting limited inventory and larger lot sizes. Utilities and transportation costs align closely with Oakland County averages, and most residents rely on personal vehicles due to limited public transit options. Overall expenses tend to mirror other low-density communities in central Oakland County (U.S. Census Bureau; Bureau of Labor Statistics; Niche.com).
Real Estate & Housing Overview
Franklin’s housing stock is dominated by single-family homes, including colonials, ranches, and custom-built residences. Many properties sit on wooded lots ranging from half an acre to multiple acres. According to U.S. Census Bureau housing data, much of the village’s housing was built prior to 1980, contributing to its established feel. New construction exists but is limited, often replacing older homes rather than expanding outward. Market activity tends to be steady, with fewer listings compared to nearby suburbs due to the village’s small size (Niche.com; local MLS data).









