What is the rental yield in Franklin Park, Detroit, Michigan?

The gross yield in Franklin Park, Detroit, Michigan is 18.8%. Prices are 13% below the city median and 56% below the state median, with a 5.5% rise over the past year. The Red Flag score is 45, and walkability is 59.

How has Franklin Park, Detroit, Michigan performed over the past year?

Franklin Park, Detroit, Michigan has seen prices rise 5.5% over the past year. Gross yield is 18.8%, pricing is 13% below the city median and 56% below the state median, and the Red Flag score is 45. Education is in the 1st percentile.

How does Franklin Park compare with Detroit, Michigan overall?

Franklin Park, Detroit, Michigan is priced 13% below the city median and 56% below the state median. Gross yield is 18.8%, prices are up 5.5% over the past year, and the Red Flag score is 45. Walkability is 59.

Neighborhood

Franklin Park

Detroit, Michigan US

Franklin Park, Detroit, Michigan is a lower-priced, high-yield neighborhood with prices 13% below the city median and 56% below the state median. Gross yield is 18.8%, and prices are up 5.5% over the past year. The Red Flag score is 45, with walkability of 59 and education in the 1st percentile, combining a strong income signal with a very low school-district test-score percentile.

AI Summary•Updated May 2026

Area

1.72 mi²

ZIP Code

48228

County

Wayne County

State

Michigan

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024

Verified Price · Median Sale

$76,977

YoY+5.5%

Gross Rental Yield

18.8%

Listed rent · ZORI annualized

Red Flag Index

Moderate

45 / 100

Walkability Score

Somewhat Walkable

OpenStreetMap POI density · national percentile

Education Score

1 / 100

Limited · better than 1% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Good

DistrictScore attractiveness · national model

Franklin Park Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Franklin Park, Detroit.

Unlock the Franklin Park 12-month price trend

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Market Economics Snapshot

May 2026

Metric	Value	YoY
Median Sale Price	$76,977	+5.5%
Price / Sq Ft (Verified)	$67/sqft	-10.4%
Asking Rent (Median)	$1,207/mo	+7.3%
Gross Rental Yield	18.8%	—
Liquidity Score	35 / 100	Moderate
Homes Sold (Period)	116	-14.7%

Is Franklin Park Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Michigan crime context.

Red Flag Breakdown

45 / 100

Moderate Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Heat80Very High

Earthquake60High

Tornado60High

Strong Wind60High

Flood40Moderate

Hurricane40Moderate

Wildfire20Low

Hail20Low

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Michigan averaged 18.1 crimes and 4.3 violent per 1,000 residents (-9.7% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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Tract-level hazard heatmap & parcel detail with Pro

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See all eight FEMA hazard scores — free with a DistrictScore account.

What Stands Out AI Insight

Above-average gross rental yield at 18.8%

Appreciating market — +5.5% sale-price YoY

Active transaction volume — 116 homes sold last period

Heat risk is Very High (80/100)

Insights are generated from Franklin Park's live DistrictScore metrics.

Franklin Park Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Michigan-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.3 µg/m³ Meets EPA, above WHO guideline-20.6% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Franklin Park centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 61% of U.S. neighborhoods.

Michigan Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	18.1	4.3	-9.7%
2023	20.2	4.6	+0.9%
2022	20.1	4.6	+8.3%
2021	18.6	4.9	+1.8%
2020	18.4	4.8	-9.3%
2019	20.2	4.4	—

Reported at the state level — the finest official US crime aggregation; Franklin Park inherits the Michigan figures.

Radon Potential

EPA

Zone 3

Zone 3 — Lowest potential · Franklin Park

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

Environmental Hazards

EPA / BTS

Industrial odor3 nearbyVery High

Point-source screening near Franklin Park: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.

Walkability & Amenities in Franklin Park

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

59

Somewhat Walkable

Walkability Score

13

Grocery

1

Dining

10

Schools

0

Universities

0

Hospitals

0

Pharmacies

5

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Franklin Park's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Franklin Park vs Detroit vs Michigan

How Franklin Park benchmarks against its city and state medians.

Benchmark vs City & State

In Franklin Park, the median sale price sits about 13% below the median for Detroit neighborhoods and about 59% below the statewide median. Gross rental yield is 18.8%, against 12.5% for Detroit neighborhoods and 6.5% statewide. Over the past 12 months, prices rose 5.5%. Transaction liquidity sits above the median for Detroit neighborhoods and above the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Franklin Park	$67/sqft	18.8%	35
Detroit	$77/sqft	12.5%	24
Michigan	$162/sqft	6.5%	24

Unlock the Franklin Park benchmark

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Buying Property in the US as a Foreigner

Federal & Michigan tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.13% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.25%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $3.75 per $500.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Michigan property-tax guidance for foreign buyers

Latest Detroit Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

U.S. commercial property prices hit record as deal patterns shift

Altus Group • Jun 18, 2026

Franklin Park Real Estate FAQ

Franklin Park, Detroit, Michigan shows a high-yield profile with gross yield at 18.8% and prices 13% below the city median and 56% below the state median. Prices are up 5.5% over the past year, and the Red Flag score is 45. Walkability is 59.

Neighborhoods near Franklin Park

Compare Franklin Park with nearby neighborhoods in Detroit.

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