The housing situation in 62638 Franklin, IL is quite affordable compared to the national average. According to recent data, the median value of housing in this location is $111,300; significantly lower than the US median house value of $338,100. Despite being cheaper than most areas of the United States, housing in this area still appreciates at a healthy rate. Specifically, the one-year appreciation rate for homes here is 6.36%, slightly lower than the 8.27% seen nationally. This makes Franklin a great place to invest in real estate and live comfortably without breaking your budget.
The median home cost in Franklin (zip 62638) is $111,300. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Franklin (zip 62638) is up 11.6%.
Average Age of Homes
- The median age of Franklin (zip 62638) real estate is 46 years old
The Rental Market in Franklin (zip 62638)
- Renters make up 14.0% of the Franklin (zip 62638) population
- 3.5% of houses and apartments in Franklin (zip 62638), 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.