Franklin Park, IL housing market
The typical Franklin Park home is worth about $325,000, up 6.9% in a year, 9% above the Illinois typical home. Homes typically sell in 43 days, close to asking.
Home values, sales, trends and how Franklin Park compares with the towns next door — updated as new data is published.
Franklin Park at a glance
A seller's market
Supply is tight — about 2.8 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Franklin Park | Illinois |
|---|---|---|
| 2017 | $178,000 | $181,000 |
| 2018 | $193,000 | $190,000 |
| 2019 | $200,000 | $195,000 |
| 2020 | $206,000 | $200,000 |
| 2021 | $224,000 | $215,000 |
| 2022 | $252,000 | $236,000 |
| 2023 | $267,000 | $248,000 |
| 2024 | $281,000 | $263,000 |
| 2025 | $303,000 | $278,000 |
| 2026 | $311,000 | $290,000 |
| August 2026 | $325,000 | $298,000 |
Franklin Park and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Franklin Park | $325K | +6.9% | 43 | $76,519 |
| Schiller Park | $316K | +8.8% | 53 | $69,696 |
| Chicago | $334K | +5.2% | 47 | $77,902 |
| Northlake | $312K | +4.6% | — | $83,892 |
| Melrose Park | $324K | +6.1% | 95 | $66,189 |
| River Grove | $325K | +7.7% | 49 | $69,858 |
| Bensenville | $352K | +4.6% | 48 | $79,515 |
4.3 years of income
The typical Franklin Park home costs about 4.3 years of the town's median household income, more than across Illinois (3.6 years).
How Franklin Park ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.