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Franklin Park

Neighborhood in Detroit, Michigan
Wayne County 48228

B Neighborhood Grade

7.1 Neighborhood Score

$76,772

Average Value

$82

Average Price per Sq Ft

A Neighborhood with Deep Roots and Renewed Energy in Detroit’s 48228 ZIP Code

Franklin Park never asks for attention – it simply exists, no frills or special treatment needed.
The neighborhood is situated between the Southfield Freeway and Evergreen, and most Detroiters only ever drive through it on their way to somewhere else unless they live there.
That said, there is something solidly rooted and comforting about Franklin Park’s modest blocks and brick-front homes.
Here, you’ll find second chances, longtime home owners, and quiet pride.

Housing: Functional, Affordable, and Underrated

Franklin Park real estate is practical and inexpensive for buyers who want more space for their dollar in the form of driveways, basements, and backyards.
For investment-grade homes – often needing a bit of work – expect prices just under $75,000, while typical move-in-ready homes (brick colonials or ranch-style) run from $80,000 to $115,000.
This makes Franklin Park an attractive area to shop for both flippers and first-time buyers with sweat equity and a strong vision.
As for top-end listings – usually fully renovated with attractive additions like sunrooms and updated kitchens – those can reach into the $100,000s in Franklin Park (which is still well below the regional median for such homes).
As for the lots themselves, they are typically fairly large with many streets lined with mature trees and attached or detached garages.
These are homes designed specifically for families – and many still house several generations under one roof.

Agents Specializing in this Area

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Schools

  • Cody High School

    High • Public

    C-

    1

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Transit

Airport

Detroit Metro Wayne County

Bus

Warren & Westwood

Bus

Joy & Artesian

Bus

Joy & Auburn

Bus

Joy & Southfield

Bus

Chicago & Stahelin

Bus

Evergreen & Chicago

Bus

Chicago & Evergreen

Crime and Safety

1 – Low Crime, 10 – High CrimeFranklin ParkUS
Homicide104
Sexual Assault94
Assault with Weapon104
Robbery94
Burglary84
Motor Vehicle Theft84
Larceny54
Crime Score84

Source: WhatIsMyCrimeRisk.com

Franklin Park Demographics and Home Trends

On average, homes in Franklin Park, Detroit sell after 51 days on the market compared to the national average of 48 days. The median sale price for homes in Franklin Park, Detroit over the last 12 months is $75,000, up 29% from the average home sale price over the previous 12 months.

Housing Trends

Median List PriceMedian Sale PriceMedian Single Family Sale PriceMedian 2 Bedroom Sale Price
$84,500$75,000$78,000$72,900
Median Change From 1st List PriceLast 12 months Home SalesMedian Home Sale Price YoY ChangeAverage Price Per Sq Ft
6%25929%$82

Neighborhood Facts

Number of Homes in NeighborhoodNumber of Homes for Sale
8,54176
Median Year BuiltMonths of Supply
19483.50
Avg. Single Family Home Size Sq Ft
Below the national average
Average 2 Bedroom Size Sq Ft
997
1,937
1,432
Median Lot Size Sq Ft
4,791

Distribution of Home Values

Homes for Sale

  • 20232 Braile Street

    $210,000

    • 3 Beds
    • 2 Baths
    • 2363 Sq Ft
  • 20504 Cherrylawn Street

    $145,000

    • 3 Beds
    • 2 Baths
    • 1878 Sq Ft
  • 20241 Braile Street

    $185,000

    • 3 Beds
    • 2 Baths
    • 1560 Sq Ft

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Average Home Value

Property Mix – Square Feet

This Neighborhood Has More Renters

Demographics

Total Population

Median Age

Population DensityPopulation under 18
On par with the national average
23,1233313 ppl/acre31.7%
23.8%
Population over 65
On par with the national average
12.3%
19.1%

Finances

Median Household Income
Significantly below the national average
Average Household Income
$36,297
$71,702
$45,474

Education and Workforce

High School Graduates
College Graduates
Below the national average
Advanced Degrees
Below the national average
% Population in Labor Force
82.6%11.6%
34.1%
4.5%
13.3%
58.1%

Weather

Annual Precipitation
Average Winter Low TemperatureAverage Summer High TemperatureAnnual Snowfall
30”20°F83°F38”

Area Factors

Somewhat Bikeable

Bike Score

48

/ 100

SomeTransit

Transit Score

62

/ 100

Car-Dependent

Walk Score

42

/ 100

Source: Walk Score

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