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Franklin Park IL Landlot Properties For Sale

The median home value in Franklin Park, IL is $264,500. This is lower than the county median home value of $279,800. The national median home value is $338,100. The average price of homes sold in Franklin Park, IL is $264,500. Approximately 67.40% of Franklin Park homes are owned, compared to 24.57% rented, while 8.04% are vacant. Franklin Park 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 Park real estate agent to arrange a tour today!

Learn More About Franklin Park Real Estate

Statistics & facts

18,435 Population
$264K Medium Home Value
5,915 # of Households
8.04% Housing Vacancy
46.66% Future Job Growth
3.40% Unemployment Rate

Andrea D. Conner, License # 40471694,Xome Inc., License 40368414, AndreaD.Conner@Xome.com, 844-400-XOME (9663), 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067

Listings courtesy of Northstar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Xome Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Xome Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information Deemed Reliable But Not Guaranteed. Open House information is subject to change without notice. Copyright 2025, Regional Multiple Listing Service of Minnesota, Inc. All rights reserved


Population

Franklin Park has a population of approximately 18,435 and experiences a population change rate of -5.14%. The population density is 3,862.4 / sq mi.

Household

The median household income for Franklin Park is $70,221, with 5,915 households and an average household size of 3.11.

Cost of Living

The cost of living index in Franklin Park is 109.5%.

Home Value

The median value of a home in Franklin Park is $264,500 with an appreciation rate of 12.6%. 67.4% of housing in the city is owned while 24.6% is rented.

Employment

The unemployment rate in Franklin Park is 3.40%, and recent job growth is at 1.09%. Future job growth is projected at 46.66%.

Taxes

The sales tax rate in Franklin Park is 10.25%, while the income tax rate is 4.95%.

Education

School expenditures in Franklin Park are $21,907, and the school ratio is 14:1.

Weather

The average high temperature in July is 83.9 degrees, with an average low temperature in January of 17.4 degrees. The average rainfall is approximately 38.1 inches per year, with 37.2 inches of snow per year.

Education near Franklin Park IL

Metric City County
High School Graduates 77.69 87.97
College Degree - 2 year 7.41 6.73
College Degree - 4 year 16.12 40.75
Graduate Degree 2.74 12.01
Expenditures per Student $21,907 $21,907
Students per Teacher 14.00 14.00

Elementary Schools near Franklin Park IL

School Grades Students P/T Ratio ZIP
Dan H Pietrini Elementary School PK - 05 257 11.4 60131
Grant Primary KG - KG 150 14.6 60165
J W Riley Elementary School KG - 05 412 15 60164
John F Kennedy Elementary School PK - 03 755 17.1 60176
Mannheim Early Childhood Center PK - KG 191 28.5 60164
North Elementary School PK - 05 237 13.2 60131
Passow Elementary School KG - 05 391 16.3 60131
Rhodes Elementary School PK - 08 702 11.4 60171
River Grove Elementary School KG - 08 679 14.3 60171
Roy Elementary School KG - 05 634 14.4 60164
Scott Elementary School KG - 05 465 12.9 60164
Westdale Elementary School PK - 05 563 14.1 60164
Whittier Elementary School PK - 05 558 18.8 60164

Middle Schools near Franklin Park IL

School Grades Students P/T Ratio ZIP
Hester Junior High School 06 - 08 424 13 60131
Lincoln Middle School 06 - 08 412 13.1 60176
Mannheim Middle School 06 - 08 895 14.9 60164
Northlake Middle School 06 - 08 398 14.8 60164
Washington Elementary School 04 - 05 265 14.3 60176

High Schools near Franklin Park IL

School Grades Students P/T Ratio ZIP
East Leyden High School 09 - 12 1760 16.4 60131
West Leyden High School 09 - 12 1579 14.7 60164

Ungraded Schools near Franklin Park IL

School Grades Students P/T Ratio ZIP
* West 40 ALOP Achievers 09 - 12 0 null 60131
Enger School PK - 09 77 5.9 60131