HomeMichiganOakland CountyFranklin village
Franklin village, Michigan: commercial real estate data.
Franklin village is a Census village of 2,554 people across 2.66 square miles of land, in Oakland County. Median household income is $194,079, 98.2 percent of occupied homes are owned, and the SBA record carries 10 7(a) approvals to borrowers here worth $3.3 m.
68 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Franklin
What Franklin is
- Census place typevillage
- Land area2.66 sq mi
- Water area0 sq mi
- Population per square mile of land959
- County holding the largest share of its areaOakland County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
How many people live in Franklin
- Population2,554
- Median age49.5
- Population under 18553
- Share under 1821.7 percent plus or minus 5.5
- Population 65 and over655
- Share 65 and over25.6 percent plus or minus 6.3
- Households1,032
- Family households814
- Share of households that are families78.9 percent plus or minus 20.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
Income and work in Franklin
- Median household income$194,079
- Per capita income$125,797
- Civilian labor force1,267
- Employed1,242
- Unemployed25 plus or minus 18
- Unemployment rate2.0 percent plus or minus 1.4
- Adults 25 and over1,912
- Adults 25 and over with a high school diploma or higher97.3 percent plus or minus 21.2
- Adults 25 and over with a bachelor degree or higher80.2 percent plus or minus 18.3
- Adults 25 and over with a graduate degree45.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
Housing in Franklin
- Housing units1,103
- Occupied units1,032
- Vacant units71 plus or minus 56
- Vacancy rate6.4 percent plus or minus 5.0
- Owner occupied1,013
- Renter occupied19 plus or minus 20
- Ownership rate98.2 percent plus or minus 25.8
- Median owner-occupied home value$774,900
- Single family units1,098
- Share single family99.5 percent
- Units in buildings of two or more5 plus or minus 13
- Share in buildings of two or more0.5 percent plus or minus 1.2
- Mobile homes0
- Median year structure built1958
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
How Franklin gets to work
- Workers 16 and over who commute935
- Commuting under 15 minutes246 plus or minus 64
- Share commuting under 15 minutes26.3 percent
- Commuting 30 minutes or more287 plus or minus 75
- Share commuting 30 minutes or more30.7 percent
- Drove alone73.2 percent
- Carpooled1.7 percent plus or minus 2.0
- Public transport0.4 percent plus or minus 0.7
- Walked1.4 percent plus or minus 1.3
- Worked from home22.8 percent plus or minus 6.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin
SBA loans in Franklin (7(a))
- Approvals10
- Gross approval$3,263,000
- Average approval$326,300
- Median approval$100,000
- Ninetieth percentile approval$1,975,000
- Largest approval$1,975,000
- Jobs supported33
- Jobs per approval3.3
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more20.0 percent
- Share to franchises10.0 percent
- Distinct lenders5
- Distinct industries by NAICS7
A charge-off rate is not published here. only 0 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Franklin
Flood risk in Franklin
- Listed NFIP communities4
- Of those, participating4
- NFIP community number260325
- Currently effective map date09/29/06
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Oakland County, not Franklin
Oakland County context, not Franklin figures
These are Oakland County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Franklin measurements.
- Establishments in Oakland County39,792
- Employment at those establishments, Oakland County733,671
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Average weekly wage, Oakland County$1,498
- Housing units permitted, Oakland County2,886
- Of those, single family, Oakland County1,870
- County product, 2024, Oakland County$143,144,361,000
- County product change over the prior year, Oakland County3.7 percent
- Average income of an arriving household, Oakland County$85,214
Every figure in this section is published for Oakland County as a whole and is not a measurement of Franklin. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No median gross rent is published for this place.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Franklin questions, answered from the record.
How many people live in Franklin, Michigan?
2,554, in 1,032 households. Franklin village covers 2.66 square miles of land, which is 959 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin in?
Oakland County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin?
$194,079. The median owner-occupied home is valued at $774,900. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Franklin businesses?
10 7(a) approvals totalling $3.3 m, across 5 lenders, median approval $100,000. These count approvals to borrowers whose address is in Franklin, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Franklin borrowers get paid back?
No rate is published for Franklin. only 0 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Franklin in the National Flood Insurance Program?
Yes. Franklin appears in the FEMA Community Status Book as community 260325, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Franklin figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Oakland County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin.
Is zoning published for Franklin?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.