Franklin County, IL

Comprehensive housing, income, and cost of living data for Franklin County, Illinois. Population: 37.8K.

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Median Home Price

$101.1K

Based on 8 cities

Median Household Income

$53.5K

Annual household income

Price-to-Income Ratio

1.9x

Highly affordable

Salary Needed to Buy

$28.4K

30-yr mortgage, 6.5% rate, 20% down

Housing & Finance

Annual Property Tax

$1,316

Average annual amount

Effective Tax Rate

1.30%

Property tax / home value

Monthly Housing Costs

Mortgage (P&I)$511

Property Tax$110

Insurance$42.11

Total Monthly$663

Historical Home Prices

2015

$123.6K

2016

$107.0K

-13.4%%

2017

$106.1K

-0.8%%

2018

$111.4K

+5.0%%

2019

$118.3K

+6.2%%

2020

$132.1K

+11.7%%

2021

$118.1K

-10.6%%

2022

$119.8K

+1.4%%

2023

$109.5K

-8.5%%

2024

$101.7K

-7.2%%

2025

$97.9K

-3.7%%

Source: County price history data via Zillow ZHVI

Demographics & Economics

Unemployment Rate

5.2%%

Near national average

Population Density

People per square mile

Homicide Rate

11.5

Medium (per 100K residents)

Political Lean (2020)

Competitive

R+0

Racial Demographics

White

94.5%

Black

0.4%

Hispanic

1.9%

Asian

0.4%

Two or More Races

2.5%

Source: Census ACS 2023. Hispanic/Latino ethnicity counted separately from race.

Climate & Environment

Average Temperature

56°F

Annual average

Sunny Days

164

Days per year

Annual Rainfall

47.0"

Inches per year

Natural Disaster Risk

High Risk

Score: 81/100

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