Franklin, Wisconsin.
Typical home $436,291 (+3.7% in a year), asking rent $1,737 . Milwaukee-Waukesha, WI metro.
to buy the typical home at today's mortgage rate — +$1,231 (+116%) since Jan 2020.
- 1 year
- Up $15,634 +4%
- $420,656$436,291 since Sep 2025
- 5 years
- Up $96,142 +28%
- $340,149$436,291 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Franklin$2,290
- Wisconsin$1,770
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Franklin, WI rose 3.7% over the past year — faster than the nation's +1.2%.
Living in Franklin, Milwaukee County, Wisconsin
Franklin is a city of 36,816 people in Milwaukee County. Half its households earn more than $106,894 a year and half less, against $64,435 across Milwaukee County; 7% of its people live below the poverty line. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Franklin was 3.4% in August 2026, and Milwaukee County had 0.4% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then manufacturing.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Franklin is a city in Milwaukee County where most homes are lived in by their owners, more so than across the county as a whole. Household incomes run well above the county's, and fewer residents live below the poverty line than you might expect for a place this size. The population skews a little older, and many adults hold a four-year degree. Winters are cold, with January the coldest month, and summers are warm, with July the warmest. Rain and melted snow add up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, manufacturing, professional and business services, and banks, insurance and property. Among the largest workplaces in Franklin are Saputo USA - Franklin, a cheese manufacturer, the Franklin Public School District, and Walmart. Commutes are fairly short, and a good number of people work from home. Across Milwaukee County, jobs slipped slightly last year.
Things to do. Whitnall Park and the Root River are both a short drive away, offering green space and a river for walks and time outdoors. Boerner Botanical Gardens, also a short drive away, is a botanical garden worth an afternoon. For a bigger outing, the Milwaukee Art Museum is a longer drive away.
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- 14,138households
- 44%of adults have a degree
- 7%below the poverty line
- 23 mintypical commute
- 16%work from home
What residents work in
Employed residents by industry, from the Census survey. Milwaukee County had 467,199 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 12°; warmest in July, with highs near 83° and lows near 60°. About 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Hales Corners/whitnall Park/bo weather station, 4 miles away (NOAA).
Largest workplaces in Franklin
- Salute Mission CriticalFacilities management and operation services, computer systems or data processing1,738
- Saputo USA - FranklinCheese, natural, manufacturing612
- Franklin Public School DistrictSchool district524FTE
- Lee MechanicalSteam fitting contractors410
- WalmartWarehouse clubs and supercenters315
- Milwaukee CountyOther justice, public order, and safety activities310
- S&C Electric Company FranklinSwitchgear and switchgear accessories manufacturing270
- TargetDiscount department stores244
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 41 workplaces with 20 or more staff, 7,055 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- TornadoesVery high
- Winter weatherVery high
- Heat wavesRelatively high
- Inland floodingRelatively high
- Strong windRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms across Milwaukee County, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Milwaukee County and the Milwaukee-Waukesha, WI metro.
Franklin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Franklin$436,291
- Wisconsin$337,196
- United States$366,157
Sellers are cutting prices on about 1 in 4 Franklin listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Franklin25.23%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Franklin106
New listings per month
Sellers arriving at the market.
- Franklin41
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Franklin$395,405
- United States$371,407
Zip codes with a Franklin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.