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Franklin Park

Learn about the people, housing, costs and businesses in Franklin Park, Florida

Median Home$276,576
Median Rent$1,304/month
Population1,229
Leading IndustriesTransportation · Finance & Insurance · Information & Media4% transportation
Home Value Growth⬆⬆⬆+26.5% over 2 years
Family-Friendly33% of residentstop 2% nationally
Renters60% of occupied units
Franklin Park
FL

Frequently Asked Questions

What are today's mortgage rates in Franklin Park?

As of today, the 30-year fixed mortgage rate for Franklin Park is approximately 6.946% (6.984% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Franklin Park?

The median home value in Franklin Park is $277k. The median monthly rent is $1,304. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklin Park?

Home values in Franklin Park have increased 26.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Franklin Park?

Based on a typical all-in ownership cost of $1,260/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $54k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin Park is $44k/year.

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What industries drive the economy in Franklin Park?

The largest employment sectors in Franklin Park are public administration (19%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.