Housing in Franklin Park, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$395,000
Median List Price
$349,900
Price Per Sq Ft
$324
Days on Market
45
Active Inventory
28
Months of Supply
5.6
Balanced market
Zillow Home Value
$297,309
ZHVI — January 2026
Zillow Rent Index
$1,550
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
40.0%
Off Market in 2 Weeks
44.4%
Sale-to-List Ratio
99.2%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
15
Pending Sales
9
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$324
Median List $/SF
$269
Franklin Park vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Franklin Park is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$261,700
Median Rent
$1,103
Total Housing Units
6,182
Vacancy Rate
4.6%
Owner Occupied
75.1%
Renter Occupied
24.9%
Median Property Tax
$6,512
per year
Monthly Cost (w/ Mortgage)
$1,664
Housing Types
The current median sale price in Franklin Park, IL is $395,000 according to Redfin data. Homes spend a median of 45 days on the market. 40.0% of homes sold above asking price. The market has 5.6 months of supply. The median price per square foot is $324. Zillow's observed rent index is $1,550/month. About 75.1% of housing units are owner-occupied. The median year homes were built is 1956. There are 6,182 total housing units.