Franklin Park Home Prices & Values

$34,100 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

  • 6.9% 1-year change
  • -0.3% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this neighborhood relative to other neighborhoods in the same metropolitan area. A particular neighborhood may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in Franklin Park is $34,100. Franklin Park home values have gone up 6.9% 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 $9. 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 $725, which is the same as the Detroit median of $725.

Relative ZHVI
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Franklin Park Market Overview

Data through Feb 28, 2014
  • $34,100 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

    (Feb 28, 2015)
  • $6,000 Median listing price
  • No recent data Median sale price
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Franklin Park Market Health

Data through Feb 28, 2014
  • 2.9/10 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 of days on Zillow
  • No data Homes with negative equity (19.4% US Avg)
  • No data Delinquent on mortgage (8.0% US Avg)
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Nearby Neighborhoods

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Rosedale Park $56,200 Grandmont No.1 $49,500 Minock Park $44,400
Brightmoor $42,200 Park $40,700 Grandale $39,300
Eliza Howell $38,600 Weatherby $34,400 Warrendale $32,100

Listings & Sales

Data through Feb 28, 2014
  • $7 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 37.8% Listings with price cut
8.3%
Sold below listing
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Franklin Park Rentals

Data through Feb 28, 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
$740 Franklin Park
$745 Detroit
$1,310 United States
  • No recent data Breakeven horizon
  • $725 Rent list price
  • $0.82 Rent list price / sq ft
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