The Village of Franklin had a population of 3,321 as of July 1, 2016. Franklin ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.
The primary coordinate point for Franklin is located at latitude 42.5188 and longitude -83.303 in Oakland County. The formal boundaries for the Village of Franklin (see map below) encompass a land area of 2.66 sq. miles and a water area of 0 sq. miles. Oakland County is in the Eastern time zone (GMT -5). The elevation is 837 feet.
The Village of Franklin (GNIS ID: 2398917) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
Beneath the boundary map are tables with Franklin population, income and housing data, five-year growth projections and peer comparisons for key demographic data. The estimates are for July 1, 2016.
Alternate Unofficial Names for Franklin: Franklin Village.
|Population in Households||3,321|
|Population in Familes||2,998|
|Population in Group Qrtrs||0|
|Average Household Size||2.82|
|Average Family Size||3|
|Total Housing Units||1,222 (100%)|
|Owner Occupied HU||1,114 (91.2%)|
|Renter Occupied HU||65 ( 5.3%)|
|Vacant Housing Units||43 ( 3.5%)|
|Median Home Value||$558,924|
|Average Home Value||$617,982|
|Median Household Income||$143,138|
|Average Household Income||$217,519|
|Per Capita Income||$77,319|
|(Compound Annual Growth Rates)|
|Median Household Income||1.21%|
|Per Capita Income||1.37%|
The table below compares Franklin to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2016 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
|Total Population||# 226||67th|
|Population Density1||# 264||62nd|
|Diversity Index2||# 128||82nd|
|Median Household Income||# 4||100th|
|Per Capita Income||# 4||100th|
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.