Franklin Park Home for Sale

Franklin Park is a good place to live. Franklin Park is considered car-dependent and somewhat bikeable with minimal transit options. Franklin Park is a suburban neighborhood with a crime score of 2, 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.

Franklin Park, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.

The median home price in Franklin Park is $213,500. If you put a 20% down payment of $42,700 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $1,050 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $45K a year to afford the median home price in Franklin Park. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Franklin Park is $85K.

The best public schools that serve Franklin Park are:

• Springfield Southeast High School has a C+ Niche grade, a student teacher ratio of 14:1 and an average review score of 3.5.
• Hazel Dell Elementary School has a C Niche grade and a student teacher ratio of 8:1.
• Jefferson Middle School has a C- Niche grade and a student teacher ratio of 13:1.

The best private schools that serve Franklin Park are:

• Concordia Lutheran School has a student teacher ratio of 6:1.
• The Hope Learning Academy has a student teacher ratio of 7:1.

The most popular zip codes in Franklin Park, Springfield, IL include 62703, 62712, 45503, 62704 and 62563.

The most popular neighborhoods near Franklin Park, Springfield, IL are Harvard Park, Bunn Park, Springfield Lake Shore, Westchester and Historic West Side.