Safe Rate Local
Learn about the people, housing, costs and businesses in Franklin, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Franklin.
True all-in cost — P&I, taxes, insurance & utilities for homes in Franklin.
Find and compare lenders active near Franklin.
FEMA flood zones and flood insurance estimates for Franklin.
Seismic risk and earthquake insurance estimates for Franklin.
Wildfire exposure and insurance estimates for Franklin.
As of today, the 30-year fixed mortgage rate for Franklin is approximately 6.994% (7.003% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for FranklinThe median home value in Franklin is $119k. The median monthly rent is $836. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Franklin have increased 24.5% 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.
Based on a typical all-in ownership cost of $930/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklin is $70k/year.
Calculate your buying powerThe largest employment sectors in Franklin are public administration (28%) and information and media (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.