Why Live in Franklin Park
Franklin Park, also known as Franklin Park Estates, is a suburban neighborhood on Springfield’s southeast side, offering a secluded atmosphere with a central park and active neighborhood association. Barker Park serves as a local green space with a playground and courts for basketball and pickleball, primarily used by residents. The association organizes events like the annual Fall Festival and maintains a neighborhood watch and active Facebook page for community interaction. Homes in Franklin Park date from the 1970s to the 1990s, with ranch styles being the most common, alongside some bi-level and two-story properties. Streets are wide, lined with mature trees, and feature well-maintained lawns and cul-de-sacs with basketball hoops.
The neighborhood is within walking distance of Hazel Dell Elementary School, though plans are in place to relocate it in the future. Older students attend Jefferson Middle School and Southeast High School, which houses the Health Science Academy. Franklin Park is less than a mile from Lake Springfield, home to community centers like the Firefighters Lake Club and Springfield Motor Boat Club, offering dining options, boat slips, and swimming areas. The University of Illinois Springfield is about two miles away, with a walking path for pedestrians and cyclists. While there are no retail shops within the neighborhood, grocery stores like Walmart and Aldi are less than a mile away, and downtown Springfield, with more dining options and major employers, is about four miles away. The railroad runs just west of the neighborhood, with an overpass minimizing noise at Hazel Dell Road, though the train horn can be heard at the 11th Street intersection.
Frequently Asked Questions
Is Franklin Park a good place to live?
Franklin Park is a good place to live. Franklin Park is considered very car-dependent and somewhat bikeable with some transit options. Franklin Park is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Franklin Park has 3 parks for recreational activities. It is somewhat dense in population with 10.7 people per acre and a median age of 27. The average household income is $85,443 which is below the national average. College graduates make up 46.5% of residents. A majority of residents in Franklin Park are home owners, with 29.3% of residents renting and 70.7% of residents owning their home. A
local real estate agent serving Franklin Park can help you decide if this neighborhood is the right one for you. Learn more on our
Franklin Park neighborhood guide.
Is Franklin Park, IL a safe neighborhood?
Franklin Park, IL is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Franklin Park?
The median home price in Franklin Park is $448,490. If you put a 20% down payment of $89,700 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,320 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $99K a year to afford the median home price in Franklin Park. The average household income in Franklin Park is $85K.
What are the best public schools in Franklin Park?
The best public schools that serve Franklin Park are:
What are the best private schools in Franklin Park?
The best private schools that serve Franklin Park are:
What are the most popular zip codes in Franklin Park, Springfield, IL?
What are the most popular neighborhoods near Franklin Park, Springfield, IL?
Home Trends in Franklin Park, IL
On average, homes in Franklin Park, Springfield sell after 88 days on the market compared to the national average of 70 days. The median sale price for homes in Franklin Park, Springfield over the last 12 months is $448,490, up 18% from the median home sale price over the previous 12 months.
Median Sale Price
$448,490
Median Single Family Sale Price
$349,650
Median Townhouse Sale Price
$448,490
Median 2 Bedroom Sale Price
$550,000
Median 1 Bedroom Sale Price
$555,000
Average Price Per Sq Ft
$291
Number of Homes for Sale
6
Last 12 months Home Sales
20
Median List Price
$448,490
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
18%