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Advertise here →Franklin, WI · Market Data
Franklin, Wisconsin real estate market data.
Real estate market data for Franklin, WI (Milwaukee County) — Census median home value $343,400, county listing prices up about 4.8% over the past year.
Franklin, WI is in Milwaukee County, Wisconsin — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 35,751, with a median household income of $108,342. Census data puts Franklin's median home value at $343,400 (all owner-occupied homes); Milwaukee County's current median listing price runs $296,450, up about 4.8% over the past year.
At a glance
Franklin market snapshot
Population
35,751
Median Household Income
$108,342
Median Home Value (city)
$343,400
Median Listing Price (Milwaukee County)
$296,450
Median Gross Rent
$1,325/mo
Price Trend (YoY)
+4.8%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Franklin different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin's median home value — across all owner-occupied homes, not just recent sales — at $343,400. Separately, Milwaukee County's current median listing price (via Realtor.com data, 2026-06-01) runs $296,450. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Milwaukee County's FHFA house price index shows a 5.8% annual change in 2025.
Population & Income
Franklin has an estimated population of 35,751 and a median household income of $108,342, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Franklin's Census-reported median home value works out to about 3.2x the area's median household income, and median gross rent runs roughly 15% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Franklin FAQ
What are home values like in Franklin, WI?
The Census Bureau's American Community Survey puts Franklin's median home value at $343,400. Milwaukee County's current median listing price runs $296,450, up about 4.8% over the past year.
What is the population of Franklin, WI?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Franklin's population at approximately 35,751.
What's the median rent in Franklin, WI?
The Census ACS estimates median gross rent in Franklin at approximately $1,325 per month.
What is the median household income in Franklin, WI?
Census ACS data puts the median household income in Franklin at approximately $108,342.
Is the Franklin housing market growing?
Milwaukee County's FHFA house price index shows a 5.8% annual change in 2025.
Is Franklin, WI affordable relative to income?
Census ACS data puts Franklin's median home value at about 3.2 times the median household income, with median gross rent equal to roughly 15% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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