Franklin Grove, IL Real Estate
According to census data in the year 2000 there were 387 housing units in Franklin Grove.
This represents a 16.6% growth from 332 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 387 were located in what is classified as a rural area.
Homeownership rate in Franklin Grove is about 67%.
Franklin Grove's vacancy rate, including seasonal lodging, is about 3.6%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Franklin Grove were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 15.80% |
| Two Bedrooms | 22.70% |
| Three Bedrooms | 39% |
| Four Bedrooms | 18.10% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $79,000 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $363 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.90% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 47.50% |
| Debt Free | 37.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
