What is the average home price in Franklin, WI 53132?

As of May '26, the median home price in Franklin, WI 53132 is $451,000, based on Zillow home estimates.

How have home prices in Franklin, WI 53132 changed over the past year?

As of May '26, home prices have increased 3.6% over the past year, according to Zillow home estimates data.

What is the home price projection for Franklin, WI 53132?

As of May '26, Zillow projects home prices in Franklin, WI 53132 to increase 2.2% in the next year.

What are the demographics of Franklin, WI 53132?

According to the latest Census, the demographics of Franklin, WI 53132 are 82.0% White, 2.8% Black, 5.6% Asian, 6.1% Hispanic. The population is 35,300, with 22.6% under 18 years old.

How long does it take homes to sell in Franklin, WI 53132?

According to Realtor.com, as of May '26, the median home in Franklin, WI 53132 is on the market for 24 days. This is an increase of 15.0% from last year.

What is the average rent price in Franklin, WI 53132?

The average rent price in Franklin, WI 53132, as of the latest data, is $2,270. The average rent for 1 bedroom homes is $1,410. For 2, 3, and 4 bedroom homes, the average rent is $1,560, $2,940, and $3,050 respectively.

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Franklin, WI—53132

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$451,000

3.6% YoY Growth

Household Income

$111,000

38.0% YoY Growth

Days on Market

15.0% Longer YoY

Home Price Forecast

2.2%

Median Rent

$2,000

23.4% YoY Growth

1-Bed Rent

$1,280

N/A

2-Bed Rent

$1,300

23.8% YoY Growth

3-Bed Rent

$2,980

20.5% YoY Growth

Home Price Trends — Franklin, WI

As of May '26, the median home price in Franklin, WI is $451,000, with a year-over-year change of 3.6%. This indicates that home prices in Franklin, WI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$451,000	3.6%
Single Family	$488,000	3.4%
Condos	$305,000	2.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$507,000	3.0%
Listing Count	81	9.0%
Listings as % of Homes	0.4%	9.0%
Days on Market	24	15.0%

Metric	Latest Census	YoY % Change
Population	35,300	-1.9%
% Under 18	22.6%	6.6%
% Seniors	18.6%	10.1%
% WFH	15.6%	160.0%
% w/ College Degree	45.6%	13.4%

Metric	Zip Code Average
Total Loan Originations	851
% Conventional Loans	97.0%
% Government Loans	3.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

Total Units under HUD	45
Total Units Section 8	15
% Rentals under Section 8	0.5%
% Occupied Section 8	80.0%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$10	$1,280	$1,270
2 Bedroom	$210	$1,300	$1,510
3 Bedroom	-$1,110	$2,980	$1,870
4 Bedroom	-$960	$3,000	$2,040

Franklin, WI—53132

Key Metrics at a Glance

Home Price Trends — Franklin, WI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Franklin, WI

% of Rental Stock

Property Listings — Franklin, WI

Demographics — Franklin, WI

Race and Ethnicity

Mortgage and Risk — Franklin, WI

Mortgages

Rentals and Section 8 — Franklin, WI

Section 8 Market Size

Section 8 Opportunity

Affordability — Franklin, WI

Home Price to Income Ratio

Franklin, WI — ZIP Code Boundary Map

Nearby ZIP Codes

Greendale, WI

Hales Corners, WI

Greenfield, WI

Greenfield, WI

Raymond, WI

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$2,000	$2,270
Studio Rent	N/A	N/A
1 Bed Rent	$1,280	$1,410
2 Bed Rent	$1,300	$1,560
3 Bed Rent	$2,980	$2,940
4 Bed Rent	$3,000	$3,050

Metric	Latest Census	5-Year % Change
% White	82.0%	1.0%
% Black	2.8%	-45.1%
% Hispanic	6.1%	24.5%
% Asian	5.6%	-12.5%
% Foreign Born	7.7%	5.5%

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$451,000
Median Household Income	$111,000