Franklin IL Commercial for Sale

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Franklin Real Estate

The median home value in Franklin, IL is $264,450. This is higher than the county median home value of $105,200. The national median home value is $338,100. The average price of homes sold in Franklin, IL is $264,450. Approximately 65.84% of Franklin homes are owned, compared to 18.51% rented, while 15.66% are vacant. Franklin real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Franklin real estate agent to arrange a tour today!

Franklin, Illinois has a population of 680. Franklin is more family-centric than the surrounding county with 28.05% of the households containing married families with children. The county average for households married with children is 23.69%.

The median household income in Franklin, Illinois is $68,393. The median household income for the surrounding county is $55,261 compared to the national median of $69,021. The median age of people living in Franklin is 33.8 years.

Franklin Weather

The average high temperature in July is 86.6 degrees, with an average low temperature in January of 17.5 degrees. The average rainfall is approximately 39.7 inches per year, with 17.9 inches of snow per year.

Franklin Real Estate Market Conditions

  • Median sales price

    $264,450
    11.6% change since last quarter
  • # Active listings

    2
    30-day change

Franklin Schools and Demographics

Education near Franklin, IL

Metric City County
High School Graduates 94.09 89.41
College Degree - 2 year 6.17 7.67
College Degree - 4 year 23.91 21.08
Graduate Degree 4.88 5.01
Expenditures per Student 16,774 16,774
Students per Teacher 11.6 11.6

Elementary Schools near Franklin, IL

School Grades Students P/T Ratio ZIP
Alexander Elementary School 02 - 05 85 14.9 62601
Franklin East Grade School PK - 01 65 11.6 62638
Murrayville-Woodson Elementary School KG - 06 158 13.7 62668
Northwestern Elementary School PK - 06 202 12.8 62674
Waverly Elementary School PK - 08 276 12.3 62692

Middle Schools near Franklin, IL

School Grades Students P/T Ratio ZIP
Northwestern Junior High School 07 - 08 57 11.1 62674

High Schools near Franklin, IL

School Grades Students P/T Ratio ZIP
Franklin Junior/Senior High School 06 - 12 149 8.1 62638
Northwestern High School 09 - 12 99 8.6 62674
Waverly High School 09 - 12 105 9 62692

Demographics near Franklin, IL

Metric City County
Neighborhood Type Small town
Population 680 33,189
Population Density 820 58
Median Age 33.8 40.9
People per Household 2.9 2.3
Median Household Income 68,393 55,261
Average Income per Capita 37,519 30,022