Franklin Park, IL Real Estate
According to census data in the year 2000 there were 6,650 housing units in Franklin Park.
This represents a 0.5% decline from 6,685 in 1990.
Of those housing units, 6,650 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Franklin Park is about 73.4%.
Franklin Park's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.97 people.
The majority of houses, apartments or condos in Franklin Park were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 12.80% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 41.30% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $143,900 |
| Median Price asked for vacant units | $134,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $593 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 49.90% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
