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Franklinville

Learn about the people, housing, costs and businesses in Franklinville, Illinois

Median Home$375,100
Median Rent$1,793/month
Population37
Leading IndustriesTransportation · Wholesale Trade · Retail5% transportation
Home Value Growth⬆⬆+18.6% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners92% of occupied units
NotableHigh Incomes$122k/year · top 8% nationally
NotableTransit82/100 · excellent transit access
Franklinville
IL

Frequently Asked Questions

What are today's mortgage rates in Franklinville?

As of today, the 30-year fixed mortgage rate for Franklinville 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.

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What is the median home price in Franklinville?

The median home value in Franklinville is $375k. The median monthly rent is $1,793. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Franklinville?

Home values in Franklinville have increased 18.6% 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 Franklinville?

Based on a typical all-in ownership cost of $1,852/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $79k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Franklinville is $122k/year.

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What industries drive the economy in Franklinville?

The largest employment sectors in Franklinville are public administration (22%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.