Franklin/Eastern
Surrounded by nature
Median $234K·Walkability 6.7/10·Schools 3.8/10
You'll notice the shift as soon as you turn onto this stretch—the homes settle into themselves, older brick and wood-frame houses with deep lots and back-alley parking, the kind of blocks where a front porch and a corner lot still matter. Recent renovations have brought fresh paint, new kitchens, and updated bathrooms into homes built a century ago, though hardwood floors and original details still anchor the character here. It's close enough to downtown Grand Rapids to feel connected—under 15 minutes by car—yet the pace moves slower, with space to breathe between the houses and room to garden or park out back. The neighborhood draws people fixing up older homes and investors thinking long-term, which means you're looking at real bones, real bones that work, and honest work happening on the weekends.
Why people love it here
Near the water
- Reeds Lake — 1.9 mi
- 70 parks within 1 mile
- Joe Taylor Park: 9 min walk
- Hall Street trail: 12 min bike
Very walkable
- MLK/Kalamazoo (EB): 1 min walk
- 15 places within a 10 min walk
$234K median
- 82 sales in last 12mo
Conventional Mortgage Calculator
Median home price in Franklin/Eastern
Estimated Monthly Payment
$1,588/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
82 homes sold in Franklin/Eastern this year. Thinking of selling?
See what your home is worthWalkability
Good
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
bp
Big Fish Wings & Things
+1 more
Last Mile Cafe
The Meanwhile
Joe Taylor Park
Joe Taylor Park Playground
Fisk Lake
Unnamed beach
Hall Street trail
Hillcrest Dog Park
Unnamed bike_path
Butterworth Park Launch
The Funky Buddha Yoga Hothouse
+1 more
MLK/Kalamazoo (EB)
+1 more
CVS Pharmacy
Ottawa Hills Public Library
+1 more
daycare
Wealthy Theater
Based on 29 rated schools nearby
Range: 1/10 to 8/10
School District: Grand Rapids Public Schools
Crime in Franklin/Eastern is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Grand Rapids.
Grand Rapids crime & safety stats →To buy a median-priced Franklin/Eastern home (around $233,950) at today's 6.66% 30-year fixed rate with 20% down, you'd need roughly $42k/year in household income to qualify — an estimated monthly payment of $1,577 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,577/mo | $42,055 |
| 10% (+PMI) | $1,815/mo | $48,404 |
| 5% (+PMI) | $1,895/mo | $50,538 |
Estimates use a 6.66% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
1 parcel
Active / pending
Median Price
$70K
Per listing
Multifamily for sale
Listings
6 buildings
Active / pending
Median Price
$275K
Per building
Price Per Unit
$131K
Median
Who actually lends in Franklin/Eastern, and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
Most active lenders
Homeowners refinancing an existing mortgage
Most active lenders
Source: 2024 HMDA (CFPB/FFIEC). Neighborhood figures are area-weighted estimates from census-tract data; loan amounts are rounded and all-cash purchases are excluded.
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$884/yr in electricity from a typical rooftop solar system
Produces ~6,451 kWh/yr · offsets ~61% of a typical home's use
City of Grand Rapids Water System
Regional water provider serving ~280,000 across Kent and Ottawa counties.
City of Grand Rapids Environmental Services (Water Resource Recovery Facility)
WRRF treats ~40 MGD of wastewater.
City of Grand Rapids Refuse & Recycling
City-run refuse/recycling cart program for residents.
Consumers Energy Co · ~13.7¢/kWh
Investor-owned utility serving the region.
Confirm by addressDTE Energy
DTE Gas serves much of Grand Rapids natural gas; verify by address.
Confirm by addressServices for Grand Rapids · Source: grandrapidsmi.gov
Utility, solar, and service details for Franklin/Eastern are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
🛒 Grocery(29)
+26 more within 5 miles
🍕 Restaurants(12)
Big Fish Wings & Things
Restaurant
BJ's Urban Kitchen
Restaurant
Delightful Eats
Restaurant
Tasty Fish & Chicken
Restaurant
Ellnora's Kitchen
Restaurant
+7 more within 5 miles
☕ Coffee(11)
+8 more within 5 miles
🍺 Bars(15)
+12 more within 5 miles
🏫 Schools(29)
Alexander Elementary School (Closed 2011)
School
Henry School
Campus Elementary School
School
Grand Rapids High School
School
Grand Rapids Public Schools
+24 more within 5 miles
💪 Gyms(15)
Fitness Center
REVfit
Fitness Center
8th Day Gym
Fitness Center
+12 more within 5 miles
🌳 Parks(4)
+1 more within 5 miles
🐕 Dog Parks(10)
Hillcrest Dog Park
Dog Park
Downtown Westside Dog Park
Dog Park
Dog Park in Kragt Plat Area
Dog Park
+7 more within 5 miles
🚴 Trails(3)
⛵ Boat Launches(2)
Boat Launch
Boat Launch
🚌 Transit(30)
Transit Stop
Transit Stop
Transit Stop
+27 more within 5 miles
💊 Pharmacies(16)
+13 more within 5 miles
👶 Childcare(4)
Children's Choice Learning Center at Spectrum Health Child Development Center
Childcare Center
Tutor Time on Grand Ridge Drive
Childcare Center
My Little Munchkins Childcare Learning Center
Childcare Center
+1 more within 5 miles
🏥 Hospitals(5)
+2 more within 5 miles
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Franklin/Eastern? Our team can help with availability, schools, and what it's really like to live here.
Frequently asked about Franklin/Eastern
- What do homes cost in Franklin/Eastern?
- The median home value in Franklin/Eastern is about $233,950. Individual prices vary by street, size, and condition.
- How active is the Franklin/Eastern housing market?
- there are 19 homes for sale in Franklin/Eastern right now, and 82 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Franklin/Eastern?
- Franklin/Eastern is served by Grand Rapids Public Schools. Its highest-rated assigned school is City MiddleHigh (8/10).
- Is Franklin/Eastern walkable?
- Franklin/Eastern scores 6.7/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
Top contributors in Franklin/Eastern
Detailed statistics are being computed for this location. Demographics, home values, schools, flood risk, and more will appear here automatically.