The Most Affordable Neighborhoods in Franklin County, IL by Home Value

These days, finding an affordable place to live in the Franklin County area can be challenging. Home prices in Franklin County are now at a median cost of $98,964, lower than the Illinois average of $300,242.

The average cost of rent is $819/mo in Franklin County, primarily driven by the current value of real estate in the Franklin County area. In Franklin County, 25.87% of households rent, and 57.92% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Franklin County is $4,852 per month. Households that rent pay about 16.88% of their income on rent here. Franklin County’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the county.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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