Franklin Park, Wayne County, MI

Median Home Price Price

$64,803 $64.8K

Median Monthly Rent Rent

$1,290 $1.3K

4.0x

Market Snapshot

Franklin Park, Wayne County, MI is a neighborhood market with a median home price of $64,803, a median monthly rent of $1,290, a GRM of 4.0x, and a price-to-rent ratio of 4.2.

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Home prices

Monthly rent

GRM = home price / annual rent

Franklin Park

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Benchmark comparison

Compare Franklin Park, MI to another market.

Compare to Weatherby, MI
Franklin Park, MI
Weatherby, MI
Delta
Median rent
$1,290
N/A
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Median price
$64,803
N/A
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YoY change
+$147
N/A
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Price-to-rent
4.2x
Data unavailable
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Key takeaways

  • Franklin Park, Wayne County, MI has a lower-grm screening profile: At 4.0x GRM, current rent may provide stronger support relative to price.
  • Low GRM can also reflect operating friction, softer appreciation expectations, or local risk that GRM does not capture.
  • Rent momentum is positive, with median rent up about $147 year over year.
  • Next discovery step: compare Weatherby, Wayne County, MI from the Same county set.