Franklin, WI Real Estate

Franklin, Wisconsin is a rural town near big city amenities that is located on the southwestern part of Milwaukee County. Populated by 35,010 people, Franklin provides a quiet and safe environment to raise a family. With downtown Milwaukee less than 20 miles away, the city is in close proximity to lakefront living without being in the metropolitan area. Serviced by I-94, Franklin provides easy access for those who need to commute to work, visit surrounding communities and Illinois.

The Franklin housing market provides a wide-range of housing options. The area offers many opportunities for first-time homebuyers. The market’s selection includes basic single-family Ranches, charming and period styling Milwaukee Bungalows, and newer built homes with more luxurious amenities. The new construction in the market is 90 percent Condominium projects. New construction homes in the area are built by Bielinski, Karek and Lemmel builders.

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The city of Franklin knows how to get residents excited for the summer months. The city hosts many events including Concerts in the Park, Annual Civic Celebration and National Night Out Kick-Off Celebration that the whole family can enjoy.

Crystal Ridge Ski and Snowboarding Area is the place to go for winter fun. The ridge offers seven runs that cater to beginners to advanced skiers and snowboarders. Enjoy the view of the hill at the lodge that features a café, dining hall and bar.

Tuck Away Country Club offers a full service private golfing and country club experience. The country club has hosted many Professional Golfers’ Association events, so every aspect of the club is very well maintained. The picturesque manicured course and greens provide for an excellent arena for any type of golfer.

Residents can stay healthy at the Innovative Health and Fitness Club and Spa.The health club provides an array of services for residents to enjoy. The services offered include personal training, massage therapy, swim lessons and more.

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Franklin, Wisconsin was named after one of the Founding Fathers of the United States of America, Benjamin Franklin. The town was divided from its original Town of Kinnickinnic in 1838. The township had to fight through many annexations to the city of Milwaukee during the 1950s. Residents fought to keep Franklin a town when proposals were being considered. To resident’s disapproval, Franklin was incorporated on August 15, 1956. It was the second city to use the new law that allowed farm and rural area to incorporate.

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Franklin properties for sale

Schools
  District Type Enrollment # Student Teacher Ratio GreatSchool Rank
Ben Franklin Elementary School (Franklin) Franklin Public School District Public 379 14 BEN FRANKLIN ELEMENTARY SCHOOL GreatSchools Rating
Country Dale Elementary School (Franklin) Franklin Public School District Public 500 16 COUNTRY DALE ELEMENTARY SCHOOL GreatSchools Rating
Forest Park Middle School (Franklin) Franklin Public School District Public 703 15 FOREST PARK MIDDLE SCHOOL GreatSchools Rating
Franklin High School (Franklin) Franklin Public School District Public 1400 16 FRANKLIN HIGH SCHOOL GreatSchools Rating
Pleasant View Elementary School (Franklin) Franklin Public School District Public 480 16 PLEASANT VIEW ELEMENTARY SCHOOL GreatSchools Rating
Robinwood Elementary School (Franklin) Franklin Public School District Public 550 16 ROBINWOOD ELEMENTARY SCHOOL GreatSchools Rating
Southwood Glen Elementary School (Franklin) Franklin Public School District Public 380 16 SOUTHWOOD GLEN ELEMENTARY SCHOOL GreatSchools Rating
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Demographics

Population Demographics

  City County State
Total Population 51,039 941,714 5,852,878
Total Households 19,681 384,017 2,349,819
Total Families 13,994 220,895 1,516,725
Percent Male 50% 49% 50%
Percent Female 50% 51% 50%
White Collar Jobs 68% 62% 58%
Blue Collar Jobs 32% 38% 42%

Top Occupations

Professions Population Employed
Professional Services 5,673
Healthcare 5,328
Sales 1,588
Social Services 1,528
Maintenance 1,409
Management 1,354
Food 861
Manufacturing 857
Transportation 802
Information, Scientific and Technical 701

Male Female Breakdown

Population Age

White vs Blue Collar Jobs

Top Professions

Work Transportation Method

Household Income

Housing Demographics

  City County State
Total Housing Units
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Owner Occupied Housing Units 15,631 197,677 1,601,729
Renter Occupied Housing Units 4,050 186,340 748,090
Vacant Housing Units 880 33,846 311,518
Occupancy Rate 96% 86% 84%

Commute Time To Work

2
  City County State
Less than 5 minutes 395 9,906 135,725
5 - 15 minutes 4,677 111,130 877,463
15 - 30 minutes 9,388 195,053 975,154
30 - 45 minutes 5,270 70,015 370,565
45-60 minutes 1,016 16,464 120,537
Over 60 minutes 600 16,467 113,603

Total Housing Units

Housing By Occupant

Commute Time To Work

Age of Homeowners

Education Attainment

  City County State
Some High School 1,494 53,479 224,571
High School Graduate 7,265 172,102 1,256,597
Some College 6,754 133,120 833,955
Associates Degree 2,986 47,432 410,260
Bachelors Degree 9,811 117,670 747,113
Graduate Degree 7,266 64,311 384,121

Education Attainment


Market Conditions
Market Conditions for Franklin - December 2019 | Shorewest Realtors®
December 2019

Market Conditions for Franklin

Median Sale Price Graph

Median Sale Price

The median sale price for homes in December was $267,500. The median sales price for homes in December rose by $17,500 compared to last month. This represents a 7% increase from November. Compared to the same month last year, the median price of homes rose by $2,500 representing a 0.94% year-over-year change.

The median sales price is the middle value of all sales occurring in the market during the past thirty days when you arrange these sales prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of a few unusually low or high sales prices.

Homes for Sale Graph

Homes for Sale

The inventory of homes for sale fell by 23 in December to 79. This represents 22.54% decrease from November when 102 homes were on the market. Compared to the same month last year when there were 75 homes for sale, the inventory of homes for sale has risen by 4 representing a 5.33% year-over-year change.

Homes for sale represents the number of active listings on the market during the specified month as reported in the MLS system operating within the market area.

Homes Sold Graph

Homes Sold

The 30 homes sold in December was 15 less than in November. This represents a 33.33% decrease in sales from November. Compared to the same month last year, the number of homes sold decreased by 10, a -25% year-over-year decrease.

Homes sold is the total count of properties in the market area that have had a closed sale during the specified month as reported in the MLS systems operating within the market area.

Average Days on Market Graph

Avg Days on Market

The average days on market for a home sold in December (34) increased by 12 days compared to November. This represents a 54.54% increase in days on market for homes in the market from the previous month. Compared to the same month last year, the days on market for homes sold decreased by 6, a -15% year-over-year change.

Average Days on Market is the time period between the date when a home is listed for sale in an MLS system and the date it is sold.

Sale/List Price Ratio

Sale/List Price Ratio

The Sale/List Price Ratio of 96.99% in December rose by 1.5% compared to November and increased 1.02% compared to the same period last year.

Sale/List Price Ratio is the sale price of a listing divided by the original list price expressed as a percentage. The Sale/List Price Ratio for the market is determined by adding the Sale/List Price Ratio for each listing sold in the market during the month and dividing by the number of listings sold during the month.

New Homes Graph

New Homes

The number of homes listed in December (22) fell by 10 compared to November, a 31.25% change. Compared to December 2018, the number of new listings increased by 2, a 10% year-over-year change.

Newly Listed Homes are the total count of homes that have been listed within the market area during the most recent month, as reported in the MLS system(s) operating in the market area.

Median List Price Graph

Median List Price

The median list price in December was $326,950. The median list price for homes in December rose by $92,500 compared to last month. This represents a 39.45% increase from November. Compared to the same month last year, the median list price of homes increased $71,950 representing a 28.21% year-over-year increase.

The median list price is the middle value of all currently active listings as reported in the MLS systems in the market area when you arrange these list prices from lowest to highest. This is a better indicator than the average as the median does not change as much as a result of the existence of a few unusually low or high list prices.




Rates and fees are subject to adjustments based on your credit score and the loan-to-value ratio. Rates and fees are also subject to change without notice. Other rates and loan programs are available.
All applications are subject to current underwriting guidelines and credit approval. EHL NMLS#280412

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