Franklin Park Home Prices & Values

$34,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 5.1% 1-year change
  • -0.3% 1-year forecast

The median home value in Franklin Park is $34,900. Franklin Park home values have gone up 5.1% over the past year and Zillow predicts they will fall -0.3% within the next year. The median list price per square foot in Franklin Park is $7, which is lower than the Detroit average of $11. The median price of homes currently listed in Franklin Park is $6,000 while the median price of homes that sold is $83,000. The median rent price in Franklin Park is $700, which is lower than the Detroit median of $750.

Relative ZHVI
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Franklin Park Market Overview

Data through Jul 31, 2014
  • $34,900 ZHVI
  • -0.3% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (Jul 31, 2015)
  • $6,000 Median listing price
  • No recent data Median sale price
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Franklin Park Market Health

Data through Jul 31, 2014
  • 3.2/10 Less healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • No data Homes with negative equity (17.0% US Avg)
  • No data Delinquent on mortgage (6.9% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Rosedale Park $64,800 Grandmont No.1 $51,500 Park $46,800
Minock Park $45,000 Grandale $43,600 Brightmoor $42,700
Eliza Howell $40,700 Fishkorn $40,400 Weatherby $33,300

Listings & Sales

Data through Jul 31, 2014
  • $7 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 18.8% Listings with price cut
20.0%
Sold below listing
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Franklin Park Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$743 Franklin Park
$746 Detroit
$1,318 United States
  • 1.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $700 Rent list price
  • $0.83 Rent list price / sq ft
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