Foreclosure Homes in Franklin Park, IL

Current Market Conditions in Franklin Park, IL

The real estate market in Franklin Park has remained competitive, with a steady demand for homes due to its proximity to Chicago. Current trends show an increasing interest in single-family homes, particularly among first-time buyers, as well as a growing market for townhouses and condos.

Over the last year, Franklin Park has experienced a moderate increase in home prices, reflecting the area’s consistent appeal. The demand for rental properties has also surged, driven by a transient workforce looking for temporary accommodations close to their workplaces.

Rent Prices In Franklin Park, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Franklin Park, IL, is on a rollercoaster ride. The average rent price in Franklin Park, IL, is $1,725.00. Indeed, when looking to rent in Franklin Park, IL, you can expect to pay as little as $800.00 or as much as $2,460.00, with the average rent median estimated to be $1,750.00. The good news is that finding an affordable and desirable property to rent in Franklin Park, 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.