Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin Grove area can be challenging. Home prices in Franklin Grove are now at a median cost of $98,636, lower than the Illinois average of $242,002.
The average cost of rent is $802/mo in Franklin Grove, primarily driven by the current value of real estate in the Franklin Grove area. While nearly 48.03% of residents own their homes outright in Franklin Grove, 29.74% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Grove is $4,493 per month. Households that rent pay about 17.85% of their income on rent here. Franklin Grove's most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Nachusa, IL: higher priced homes
- Kingdom, IL: higher priced homes
- Ashton, IL: higher priced homes
- Lee Center, IL: higher priced homes
- Eldena, IL: higher priced homes
- Grand Detour, IL: higher priced homes
- Amboy, IL: higher priced homes
- Dixon, IL: higher priced homes
- Binghampton, IL: higher priced homes
- Honey Creek, IL: higher priced homes
Cities with Similar Populations
- Bonanza, TX: higher priced homes
- Springer, NM: higher priced homes
- Fairton, NJ: higher priced homes
- Clara, MS: higher priced homes
- Falls, PA: higher priced homes
- Cat Spring, TX: higher priced homes
- Braggs, OK: equally priced homes
- Adell, WI: higher priced homes
- Boise City, OK: less expensive homes
- Belgrade, MN: higher priced homes
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