Housing in Franklin, IL

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$80,000

Median List Price

N/A

Price Per Sq Ft

$50

Days on Market

32

Active Inventory

1

Months of Supply

1.0

Seller's market

Zillow Home Value

$131,063

ZHVI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 54.3%List Price ↓ 3.2%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

0.0%

Sale-to-List Ratio

92.0%

Buyer's market

Sold Above Asking
0.0%

Market Activity

Source: Redfin

Homes Sold

1

Homes Sold ↑ 0.0%New Listings ↑ 0.0%Pending ↑ 0.0%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$50

Sale $/SF ↓ 48.5%List $/SF ↓ 36.5%Mar 24 → Jan 26

Franklin vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Franklin 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

$103,300

Median Rent

$915

Total Housing Units

236

Vacancy Rate

11.9%

Owner Occupied

68.8%

Renter Occupied

31.3%

Median Property Tax

$1,684

per year

Monthly Cost (w/ Mortgage)

$825

Housing Types

Single Family
88.1%
Multi-Family
9.3%
Mobile Home
2.5%

The current median sale price in Franklin, IL is $80,000 according to Redfin data. Homes spend a median of 32 days on the market. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $50. The median rent is $915 per month (Census ACS). About 68.8% of housing units are owner-occupied. The median year homes were built is 1965. There are 236 total housing units.