Zip 61031 (Franklin Grove, IL) Housing

The housing market in Franklin Grove, IL (zip code 61031) has a median value of $132,900. This is significantly lower than the US median house value of $338,100. The US experienced an 8.27% appreciation rate on houses in the past year, while the appreciation rate for houses in Franklin Grove was 7.18%. Despite being slightly lower than the US rate, this still indicates a relatively healthy housing market in Franklin Grove with continued positive growth and appreciation of property values.

The median home cost in Franklin Grove (zip 61031) is $132,900. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Franklin Grove (zip 61031) is up 14.1%.

Average Age of Homes

- The median age of Franklin Grove (zip 61031) real estate is 78 years old

The Rental Market in Franklin Grove (zip 61031)

- Renters make up 18.7% of the Franklin Grove (zip 61031) population
- 0.7% of houses and apartments in Franklin Grove (zip 61031), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Franklin Grove, Illinois	United States
	684.0	139,647,020.0
	73	42
	$132,900	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$18.34	$10.98
	$1,951	$2,690
	64.2%	57.4%
	6.6%	11.2%
	29.2%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.0%	0.4%
	1.3%	3.6%
	3.8%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.5%	2.4%
	18.7%	2.8%
	14.4%	3.9%
	12.1%	4.5%
	28.2%	11.3%
	13.4%	13.0%
	4.3%	20.1%
	7.5%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.6%	13.6%
	2.6%	13.6%
	11.7%	13.6%
	11.8%	13.2%
	11.7%	14.8%
	11.7%	13.6%
	5.6%	10.0%
	5.6%	4.7%
	45.6%	12.2%

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