The story of this market
The typical home in Franklin County, Illinois sells for about $89,000, or $78 per square foot.
Prices are down 1.7% from a year ago, which gives buyers more room to negotiate. Homes take about 65 days to sell, which is slow. Over the long run, values in this county have grown 45% since 2000. Last year 4 of 10 neighborhoods saw prices rise, so the story isn't the same street to street. The biggest natural hazard here is cold wave, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $930 a month.
HUD sets the fair market rent for a 2-bedroom at $930 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively High.
Price climate
Every year of price change, 2000–2025
0%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2021 (+8.9%). Worst: 2016 (-5.6%). Hover to read a year.
Monthly price momentum
Home values since 2015
+5.4%
IL · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,225
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2000–2025
0%
2025 change
FHFA repeat-sales index, median of 10 census tracts in this county (2000 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
87
Relatively High
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $31,930,314.
Mortgage activity
Home lending in this county
71.7%
2019 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 978 | 470 | 66% | 7.1% | $100,000 |
| 2019 | 980▲ | 509▲ | 71.7%▲ | 5% | $95,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Franklin County, Illinois
Franklin County maintains a highly affordable housing market with prices significantly below state and national averages. The market is characterized by stable, long-term price trends and a high rate of homeownership, though it faces challenges with a shrinking population and limited inventory turnover.
No ARED distress-ledger coverage for this county yet — the foreclosure ingest rotates the national county directory, and filings appear here once the county's posted notices are read. Key-figure check: median price diverges 20.8% from the nearest retained anchor (prior refresh cycle) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict.
Select a city to expand its ZIP intel reports beneath · 22 cities · 23 ZIP reports
Median prices moved down 1.7% year over year.
Homes spend a median of 65 days on market with 4.2 months of supply — a balanced-paced market.
13% of listings have cut prices · homes sell at 96.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 17.5% — a stable, low-distress profile.
Franklin County, Illinois — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical -0.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
researched Sep 24
researched Nov 8
researched Sep 24
researched Nov 9
| 62899 | Xenia | $135,800 | — | — | — | — | — | — | — | $494 | researched Sep 24 |
| 62932 | Elkville | $137,000 | $73 | — | 66 | 95.6% | 10% | — | 10 | $250 | researched Nov 8 |
| 62948 | Herrin | $87,500 | $88 | -18.6% | 49 | 94.2% | — | — | 49 | $1,000 | researched Sep 24 |
| 62983 | Royalton | $76,900 | $48 | +16.2% | 116 | 100% | — | 0.2 | 5 | $625 | researched Nov 9 |
Figures are each ZIP report's own latest research — the county roll-up aggregates them sales_count-weighted (population fallback); ZIPs cycle quarterly.
The county economy is historically anchored by coal mining and agriculture, with ongoing efforts to diversify into light manufacturing and regional services.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The county features Rend Lake, a major regional destination for fishing, boating, and camping, alongside various local parks and community recreation facilities.
The rental market is characterized by high affordability relative to the state, with a steady upward trajectory in rents despite lower home values.
The economy is transitioning from a traditional reliance on coal extraction toward a mix of healthcare, retail, and regional logistics.
The county is served by Interstate 57, providing a primary north-south corridor for regional transit and freight movement.
The Franklin County Supervisor of Assessments oversees the valuation of property for tax purposes, utilizing mass appraisal techniques consistent with Illinois state law.
The county is served by various school districts, community college districts (Rend Lake College), and local fire protection districts.
The amenity base that shapes daily life and property demand in this county — what residents actually live with, and what the pipeline is adding.
A massive 18,900-acre reservoir offering extensive fishing, boating, and wildlife viewing opportunities that serve as the county's primary outdoor anchor.
Data retrieved from data.census.gov and statedemographics.com
Sellers must provide a written disclosure report to prospective buyers detailing material defects in the property as defined by 765 ILCS 77/35.
765 ILCS 77/1 et seq.
Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts. Exemptions, such as the homestead exemption, reduce the EAV before the tax rate is applied.
35 ILCS 200/9-145
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.