The story of this market
The typical home in ZIP 53132 sells for about $450,000, or $218 per square foot.
Prices are up +3.45% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell. HUD's fair market rent for a two-bedroom is $1,499 a month.
ZIP 53132 — Franklin
The Franklin housing market shows strong demand with a median listing price of $519,900 and a low months-of-supply figure, indicating a seller-favored environment. Prices have seen a year-over-year increase of 3.45%, supported by the area's high median household income and suburban appeal. Inventory remains active, though the market is currently constrained by limited supply relative to buyer interest.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with high-quality schools, larger lot sizes, and convenient access to Milwaukee's employment core.
Median prices moved up 3.5% year over year.
Homes spend a median of 39 days on market with 1.4 months of supply — a fast-moving market.
16% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 6.4% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 53132, Milwaukee County WI
Franklin generally reports lower crime rates compared to the broader Milwaukee metropolitan area, maintaining a suburban safety profile.
The area is served by the Franklin Public School District, which is generally well-regarded and maintains competitive academic performance ratings.
The region faces standard Midwestern climate risks, including seasonal wind and winter storm exposure; flood risk is localized to specific drainage basins.
Franklin has experienced steady suburban growth with ongoing commercial development along the Loomis Road corridor and expansion of local business parks.
Property taxes are assessed at the municipal level in Franklin, incorporating school district, county, and technical college levies; Wisconsin does not have a state-level property tax.
Residents primarily commute via I-41/I-94 toward downtown Milwaukee, with typical drive times ranging from 20 to 30 minutes depending on traffic.
The area features extensive green space including the Franklin Savanna State Natural Area, numerous community parks, and proximity to the Root River Parkway.
The rental market is characterized by low vacancy rates and steady demand, with a mix of modern apartment complexes and single-family home rentals.
The local economy is anchored by a mix of manufacturing, healthcare, and professional services, with significant employment hubs located in nearby Milwaukee and Oak Creek.
Transportation is primarily auto-centric, relying on the I-41/I-94 corridor; public transit options are limited compared to the urban core.
Development is focused on infill residential projects and the expansion of commercial infrastructure along major arterial roads.
The Milwaukee County assessment regime utilizes annual market-value adjustments based on comparable sales data.
Parcels are subject to Franklin Public School District levies and Milwaukee Area Technical College district taxes.
Property insurance premiums are stable but reflect regional exposure to severe weather events common in the Great Lakes region.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Jellystone Park™ Caledonia4.34.5 mi
- Slick City Action Park4.413.1 mi
- Urban Air Trampoline and Adventure Park4.414.9 mi
- Dave & Buster's Wauwatosa3.913.6 mi
- Round1 Bowling & Arcade - Greendale3.85.8 mi
- American Family Field4.711.3 mi
- Fiserv Forum4.713 mi
- Milwaukee Public Market4.712.5 mi
- Wisconsin State Fair Park4.510.8 mi
- Baird Center4.512.6 mi
- Milwaukee County Zoo4.611.7 mi
- Harley-Davidson Museum®4.712.1 mi
- Milwaukee Art Museum4.813 mi
- Mitchell Park Domes Horticulture Conservatory4.711.3 mi
- Boerner Botanical Gardens4.75.3 mi
- Harley-Davidson Museum®4.712.1 mi
- Milwaukee Art Museum4.813 mi
- Milwaukee Public Museum4.812.6 mi
- Discovery World4.612.8 mi
- Miller High Life Theatre®4.512.7 mi
- Mitchell Park Domes Horticulture Conservatory4.711.3 mi
- Boerner Botanical Gardens4.75.3 mi
- Seven Bridges4.88.3 mi
- Bender Park4.57.4 mi
- Cathedral Square Park4.612.9 mi
- South Shore Yacht Club4.610.6 mi
- McKinley Marina Central Docks4.613.7 mi
- Reefpoint Marina4.614.4 mi
- Milwaukee Yacht Club4.513.9 mi
- South Milwaukee Yacht Club4.58.1 mi
- Muskego Lakes Country Club4.35 mi
- Oakwood Park Golf Course4.41.3 mi
- New Berlin Hills Golf Course4.310.5 mi
- Whitnall Park Golf Course4.24.4 mi
- Edgewood Golf Course411.9 mi
- Milwaukee Public Market4.712.5 mi
- Southridge Mall4.15.8 mi
- 7 Mile Fair4.23 mi
- 3rd St. Market Hall4.512.6 mi
- Meijer4.36.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A protected natural area featuring diverse prairie and woodland habitats.
A major regional trail and greenway system providing extensive recreational space.
Key-figure check: median price diverges 15.5% from the nearest retained anchor (published ten-year series (2025)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $519,900 (15.5% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $519,900 (+15.5% vs the published ten-year series (2025)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.