Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Franklin Park area can be challenging. Home prices in Franklin Park are now at a median cost of $217,893, lower than the Illinois average of $242,002.
The average cost of rent is $1,169/mo in Franklin Park, primarily driven by the current value of real estate in the Franklin Park area. While nearly 32.47% of residents own their homes outright in Franklin Park, 26.92% rent.
Housing affordability isn’t just about home prices, though. The average household income in Franklin Park is $5,903 per month. Households that rent pay about 19.80% of their income on rent here. Franklin Park's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Schiller Park, IL: equally priced homes
- River Grove, IL: less expensive homes
- Melrose Park, IL: equally priced homes
- Northlake, IL: less expensive homes
- Stone Park, IL: less expensive homes
- Norridge, IL: higher priced homes
- Elmwood Park, IL: higher priced homes
- Bellwood, IL: less expensive homes
- Berkeley, IL: less expensive homes
- Bensenville, IL: equally priced homes
Cities with Similar Populations
- Tehachapi, CA: higher priced homes
- Florence, MS: less expensive homes
- Floresville, TX: less expensive homes
- Foothill Ranch, CA: higher priced homes
- Fortville, IN: higher priced homes
- Vinton, VA: less expensive homes
- Vincent, CA: higher priced homes
- Union, MO: equally priced homes
- Trabuco Canyon, CA: higher priced homes
- Tinton Falls, NJ: higher priced homes
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