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Franklin County Housing Market

Illinois · 102 counties · Ranked #130 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$87,700

vs national$87,700 vs $281,900 national

Median Gross Rent

$771/mo

vs national$771 vs $1,163 national

Effective Tax Rate

1.50%

vs national+1.50% vs 1.02% national

Median Household Income

$53,471

vs national$53,471 vs $74,755 national

Affordability Ratio

1.6x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$1,316

Tax as % of Home Value

1.50%

Monthly Owner Cost

$652

Renter Income

$27,597

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Mortgage

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Home Search

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Search active listings in Franklin County. See photos, prices, and open house dates.

Similar Counties by Home Value

Yukon-Koyukuk Census Area

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Frequently Asked Questions

What is the median home value in Franklin County?

The median home value in Franklin County is $87,700. This is below the national median of $281,900.

How much is rent in Franklin County?

The median gross rent in Franklin County is $771 per month.

What is the property tax rate in Franklin County?

The effective property tax rate in Franklin County is 1.50%. The median annual property tax bill is $1,316.

Is Franklin County affordable?

With a home-value-to-income ratio of 1.6x, Franklin County is considered affordable compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.