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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 Type0.50%
One Bedroom15.80%
Two Bedrooms22.70%
Three Bedrooms39%
Four Bedrooms18.10%
Five Bedrooms or more3.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1939
Median Value of occupied units$79,000
Median Price asked for vacant units$65,000

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1968
Median Monthly Rent asked for vacant units$363

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.90%
Home Equity Loan7.10%
Simple Mortgage47.50%
Debt Free37.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%