Franklin Park

Franklin Park

Located in Cook County

$319,133 Average Value
$257 Average Price per Sq Ft
21 Homes For Sale

Suburban convenience a short distance from O'Hare

Convenience is the calling card in Franklin Park, a village less than 5 miles south of Chicago O’Hare International Airport and less than 20 miles from Chicago’s downtown lakefront. A trio of Metra commuter rail stations and Interstate 294 further bolster Franklin Park’s reputation for being a quintessential bedroom community. “With all that proximity, Franklin Park is ideal for people who work outside their home,” says Rose Dante, a Realtor at Baird & Warner with almost 15 years of experience. Nearly 18,000 residents live in this near northwestern suburb that is only separated from Chicago by the width of the Des Plaines River.

Franklin Park is a village that provides all of the necessary amenities in an inviting area.
Franklin Park is a village that provides all of the necessary amenities in an inviting area.
Conductors wait for Franklin Park passengers to board the active the Metra train.
Conductors wait for Franklin Park passengers to board the active the Metra train.
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Midcentury housing styles at lower prices than the Chicago median

Many homes in Franklin Park strike a balance between city living and the larger houses found in Chicago’s further suburbs. Rene Aguirre, a broker at Northlake Realtors, relocated to Franklin Park for that reason. “It was a downsize situation, and I like that it’s quiet and safe,” Aguirre says. “I’ve noticed that people tend to stay in this area a long time, usually 15 to 20 years.”

The median home price of around $315,000 is lower than the national median and in Chicago proper. Midcentury housing styles are predominant. Bungalows, Cape Cods and condos can start for less than $200,000, and it’s unusual for a single-family home in Franklin Park to sell for more than $475,000.

Located in Franklin Park, ranch style homes provide one-story living to home buyers.
Located in Franklin Park, ranch style homes provide one-story living to home buyers.
The Cape Cod style of home is one of many unique types in Franklin Park.
The Cape Cod style of home is one of many unique types in Franklin Park.
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East Leyden High combines with neighboring West Leyden for sports

Franklin Park School District No. 84, which includes three elementary schools and Hester Junior High, earns a B-rating from Niche. East Leyden High School earns an A-minus rating and is ranked among Illinois's top 125 public high schools. East Leyden’s enrollment is just over 1,800 students. Interestingly, East Leyden does not have an athletic rivalry with West Leyden in neighboring Northlake. Instead, they compete together as Leyden High School despite being separate schools.

Triton College, a two-year community college, is in neighboring River Grove.

East Leyden High School offers over 60 clubs to help Franklin Park students develop skills.
East Leyden High School offers over 60 clubs to help Franklin Park students develop skills.
Scott Elementary School in Franklin Park has a student to teacher ratio of 10 to 1.
Scott Elementary School in Franklin Park has a student to teacher ratio of 10 to 1.
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Logistics-friendly location draws in employers

Franklin Park’s location near Interstate 294 and O’Hare makes it ideal for logistics, and warehouses play a big part in the village’s economy. Sloan Valve Company, known for introducing the motion-sensor toilet flusher and manufacturing the flushometer commonly used in American public restrooms, is based in Franklin Park and has over 1,000 employees.

Train traffic is frequent, as there is a major Canadian Pacific Kansas City railyard in neighboring Bensenville.

Metra’s Milwaukee District West line runs from Chicago to Elgin and has two stations in Franklin Park. There is also a station on the North Central Service line, which runs from Chicago to Antioch. Pace’s 319 bus runs through Franklin Park along Grand Avenue.

Home to a thin-crust favorite

Mannheim Road and Grand Avenue are Franklin Park’s primary commercial corridors. Grand Stand Pizza, in operation since 1982, specializes in the tavern-style, thin-crust pizza that many Chicagoans insist is the true “Chicago-style” pie. Oakbrook Center, the second-largest mall in Chicagoland with more than 150 stores and restaurants, is 10 miles away from Franklin Park.

The Grand Stand Pizza provides Franklin Park with authentic Italian cuisine.
The Grand Stand Pizza provides Franklin Park with authentic Italian cuisine.
Nearby Brook Forest, the Oakbrook Center is one of the most prestigious outdoor malls.
Nearby Brook Forest, the Oakbrook Center is one of the most prestigious outdoor malls.
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Plenty of indoor and outdoor recreational options

No matter the season – and Franklin Park experiences all four in full measure – there are ample recreational opportunities. The village operates 17 parks and a community center. In summer, the ballfields, sand volleyball court and public swimming pool at Gouin Park are a major draw. Franklin Park Ice Arena stays open year-round and offers open skating and rec hockey leagues, among other activities.

Gouin Pool, on the south side of Franklin Park, is a great place to cool off.
Gouin Pool, on the south side of Franklin Park, is a great place to cool off.
The sand volleyball pit at Gouin Park is a great way to spend an afternoon.
The sand volleyball pit at Gouin Park is a great way to spend an afternoon.
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Franklin Park Fest is a village celebration

Franklin Park Fest is a four-day event that kicks off the summer and usually occurs in early June. It takes place in the heart of the village at the corner of Franklin Avenue and Calwagner Street, with live music, food vendors and a beer and wine tent. The Saturday of the festival is Railroad Day, where the public is invited to tour the classic railcars on display.

Around Christmas time, the village has a large Winterfest, which includes a tree lighting, a children’s choir singing Christmas carols and Santa Claus' arrival on a fire truck.

Crime rates are below national averages

In 2023, property crime rates in Franklin Park were slightly below the national average, and violent crime rates were well below the national average, according to the FBI.

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Alex Hickey
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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Franklin Park Housing Trends

Housing Trends

Median List Price
$325,000
Median Sale Price
$320,000
Median Single Family Sale Price
$329,500
Median Townhouse Sale Price
$247,500
Median 2 Bedroom Sale Price
$197,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
145
Median Home Sale Price YoY Change
$4
Average Price Per Sq Ft
$257

Neighborhood Facts

Number of Homes for Sale
21
Months of Supply
1.70

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Franklin Park Has More Owners

Demographics

Total Population
18,070
Median Age
41
Population Density
3 ppl/acre
Population under 18
23.6%
On par with the national average
23.8%
Population over 65
17.1%
On par with the national average
19.1%

Finances

Median Household Income
$72,112
On par with the national average
$71,702
Average Household Income
$87,342

Education and Workforce

High School Graduates
79.8%
College Graduates
16.6%
Below the national average
34.1%
Advanced Degrees
3.3%
Below the national average
13.3%
% Population in Labor Force
71.6%

Weather

Annual Precipitation
38''
Average Winter Low Temperature
19°F
Average Summer High Temperature
84°F
Annual Snowfall
35''
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Franklin Park
Sohe Reyes
Smart Home Realty