Living in Franklin, IL
Franklin, IL is a serene small town that provides a comfortable living environment with easy access to nature and community activities. It features a friendly atmosphere, quality schools, and a range of local amenities that enhance the day-to-day lifestyle of its residents.
Current Market Conditions in Franklin, IL
The real estate market in Franklin, IL, has shown stable growth over the past few years. With reasonable housing prices and a decreasing inventory of homes, demand continues to rise, drawing in new homebuyers and investors looking for emerging opportunities.
Investors can find a variety of home options within Franklin, ranging from single-family homes to townhouses. The affordability and quality of living make this location attractive for renters and buyers alike, leading to a favorable market for investment.
Home Value Estimator For Franklin, IL
There are currently 462 real estate properties
in Franklin, IL,
with a median automated valuation model (AVM) price
of $112,021.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Franklin, IL, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Franklin, IL,
is $128,847.00, with the most expensive house
in Franklin, IL, topping out
at $626,859.00 and the cheapest home
in Franklin, IL,
clocking in at $10,435.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Franklin, IL!
Rent Prices
In Franklin, IL
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Franklin, IL, is on
a rollercoaster ride. The
average rent price in Franklin, IL,
is $1,037.00. Indeed, when looking to rent in
Franklin, IL, you can expect to pay as little
as $580.00 or as much
as $1,750.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Franklin, IL
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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