Franklin County, Illinois Housing Market
In Franklin County, Illinois, the median home value is $89,000, with a median monthly rent of $803. This places Franklin County at #3024 nationally out of 3134 counties by median home value, and #99 within Illinois.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $920
- Establishments: 619
- BLS QCEW, 2025
Housing Supply
- Single-family: 15
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 14,390 (avg $57,644)
- Outflow: 13,755 (avg $58,306)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Franklin County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 62896 | 246.7 | +5.56% | 2025 |
| 2 | 62812 | 210.8 | -4.87% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Franklin County on Our Sister Sites
Get the complete picture for Franklin County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Franklin County Compares
| Metric | Franklin County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $89,000 | $153,019 | $227,706 |
| Median Gross Rent | $803 | $867 | $968 |
| Owner Occupancy Rate | 74.1% | 75.8% | 73.3% |
| Price/Rent Ratio | 9.2 | 14.5 | 18.7 |
Market Analysis
The median home value in Franklin County is 41.8% below the Illinois state average and 60.9% below the U.S. national average. The median rent of $803/month is 7.4% below the state average.
With a price-to-rent ratio of 9.2, buying a home in Franklin County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Franklin County has an owner-occupancy rate of 74.1%, compared to 75.8% in Illinois and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Rooks County | Kansas | $89,000 | $676 |
| Bell County | Kentucky | $89,000 | $592 |
| Magoffin County | Kentucky | $89,000 | $730 |
| Chicot County | Arkansas | $89,100 | $574 |
| Cameron County | Pennsylvania | $88,900 | $689 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Pulaski County | $85,100 | $634 | 68.2% |
| Saline County | $94,300 | $726 | 72.5% |
| Gallatin County | $82,900 | $541 | 77.4% |
| Greene County | $95,200 | $754 | 78.2% |
| Scott County | $96,400 | $689 | 79.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).