FRANKLIN, MI  48025

Total Population: 14,755

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Median Home Value

$514,500

Owner-occupied units

Median Household Income

$177,126

Across all households

Median Age

48.6 yrs

Across all residents

Bachelor's Degree+

75.5%

Adults 25 and older

Nearby ZIP Codes

Demographics

14 fields

Racial & Ethnic Composition

White (Non-Hispanic)79.0%
Black (Non-Hispanic)8.1%
Two or More Races5.2%
Asian (Non-Hispanic)3.9%
Hispanic or Latino3.5%
Am. Indian / Alaska Native0.2%

Under 18 Years

23.0%

65 Years and Over

25.6%

Male

48.0%

Female

52.0%

U.S. Citizens (18+)

96.9%

No Health Insurance

1.1%

Education

3 fields

High School Graduate or Higher (25+)

97.9%

Bachelor's Degree or Higher (25+)

75.5%

Enrolled in College (18+)

5.7%

Economics

6 fields

Median Household Income

$177,126

Mean Household Income

$228,039

Per Capita Income

$87,245

Unemployment Rate (16+)

2.0%

In Labor Force (19–64)

82.1%

SNAP / Food Stamps

0.4%

Housing & Households

13 fields

Median Home Value

$514,500

Median Rent

$2,397/mo

Total Housing Units

5,866

Owner-Occupied

94.3%

Renter-Occupied

5.7%

Vacancy Rate

5.1%

Married Couple Households

64.5%

Cohabiting Couple Households

Male Householder, No Partner

11.4%

Female Householder, No Partner

22.0%

Average Household Size

2.63

Broadband Internet Access

96.6%

Housing Built Since 2010

2.3%

Source: U.S. Census Bureau, American Community Survey 2023 5-Year Estimates. ZCTA5 48025.