Housing in Franklin, IL is quite affordable with a median value of $107,900, significantly less than the US median of $338,100. The US housing market has seen appreciation over the past year of 8.27%, whereas the appreciation rate for houses in Franklin, IL is slightly lower at 6.36%. This makes Franklin an attractive place to purchase a home if you are looking for affordability and potential for future appreciation.
The median home cost in Franklin is $107,900. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Franklin is up 11.6%.
Average Age of Homes
- The median age of Franklin real estate is 47 years old
The Rental Market in Franklin
- Renters make up 19.5% of the Franklin population
- 7.8% of houses and apartments in Franklin, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.