Franklin County, Illinois home prices
Typical home $112,382 · +5.1% in a year · property tax 1.57%
The typical home in Franklin County is worth $112,382, 62% less than the Illinois typical home ($295,943). Values changed +5.1% in the past year and -15.1% over five years. Homeowners here pay a median 1.57% of their home's value in property tax each year ($1,760 on the typical home), versus 1.92% statewide.
Mortgage on the typical Franklin County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $22,476 | $89,906 | $605 | $0 | $203 | $808 | $34,600 |
| 10% down | $11,238 | $101,144 | $680 | $42 | $203 | $925 | $39,700 |
| 5% down | $5,619 | $106,763 | $718 | $44 | $203 | $966 | $41,400 |
| 3.5% down (FHA) | $3,933 | $110,346 | $742 | $50 | $203 | $995 | $42,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.57% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Illinois.
Illinois counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Edgar County | $110,427 | +1.0% | 1.45% |
| Hancock County | $115,014 | +2.5% | 1.81% |
| Massac County | $117,414 | +3.1% | 1.4% |
| White County | $117,551 | +7.7% | 1.34% |
| Warren County | $118,135 | -0.0% | 1.81% |
| Edwards County | $118,550 | +0.6% | 1.45% |
| Clay County | $106,056 | +4.5% | 1.43% |
| Perry County | $118,878 | +0.9% | 1.6% |
| Mason County | $105,470 | +15.7% | 2.09% |
| Hamilton County | $119,299 | -2.5% | 1.33% |
Frequently asked questions
What is the average home price in Franklin County, IL?
The typical home value in Franklin County is $112,382 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Franklin County?
About $34,600 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Franklin County?
The median effective rate is 1.57% of home value a year (Census ACS 2024 5-year estimates).