Franklin Park, IL Real Estate

According to census data in the year 2000 there were 6,650 housing units in Franklin Park. This represents a 0.5% decline from 6,685 in 1990.

Of those housing units, 6,650 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Franklin Park is about 73.4%. Franklin Park's vacancy rate, including seasonal lodging, is about 2.3%. Average household size is 2.97 people.

The majority of houses, apartments or condos in Franklin Park were built after 1955.


Housing Size

Housing Units by Size
Studio Type3.50%
One Bedroom12.80%
Two Bedrooms30.20%
Three Bedrooms41.30%
Four Bedrooms8.90%
Five Bedrooms or more3.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1954
Median Value of occupied units$143,900
Median Price asked for vacant units$134,500

Rented Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1961
Median Monthly Rent asked for vacant units$593

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.80%
Home Equity Loan7.70%
Simple Mortgage49.90%
Debt Free35.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%