Franklin Grove, IL—61031
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$199,000
16.3% YoY Growth
Household Income
$74,000
41.9% YoY Growth
Days on Market
197
344.0% Longer YoY
Home Price Forecast
1.7%
Median Rent
$1,000
14.3% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,000
4.8% YoY Growth
Home Price Trends — Franklin Grove, IL
As of May '26, the median home price in Franklin Grove, IL is $199,000, with a year-over-year change of 16.3%. This indicates that home prices in Franklin Grove, IL are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $199,000 | 16.3% |
| Single Family | $200,000 | 16.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |