House Prices

House Prices & Home Values Franklin, IL 2026


Average Data

average house price$121,900
average size per house1272 ft²
average price per ft²96 $ / ft²

04/18/2026 - The value range (VR) for house prices in Franklin, IL is $96/ sqft to $96/ sqft. An average home with 1272 sqft costs approximately $122,112 to $122,112. Franklin, IL includes 1 ZIP codes and it is located in Morgan county. The lowest prices are found in ZIP 62638, while the highest are in ZIP 62638. The average price per sqare feet is $96. Our analysis is based on 1 property listings.

Avergage prices by ZIP codes Franklin

6263899 $ / ft²




Historical development of home values in Franklin

Year Estimated value (USD) Change vs. 2025
2010 $56,613 -53.6%
2011 $54,423 -55.4%
2012 $54,277 -55.5%
2013 $56,306 -53.8%
2014 $59,105 -51.5%
2015 $62,139 -49.0%
2016 $65,382 -46.4%
2017 $68,911 -43.5%
2018 $72,720 -40.3%
2019 $76,092 -37.6%
2020 $80,026 -34.4%
2021 $91,021 -25.3%
2022 $106,110 -13.0%
2023 $111,898 -8.2%
2024 $118,371 -2.9%
2025 $121,900 0.0%

Graph: estimated home values in Franklin over time (USD)



Example: 100% financing house in Franklin

Loan amount: $121,900

Interest rate: 6.00%

Fixed monthly payment: $730.85

Breakdown in the 1st month:
Interest portion: $609.50  –  Principal portion: $121.35

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $7,273.28 $1,496.95 $120,403.05
2 $7,180.95 $1,589.27 $118,813.78
3 $7,082.93 $1,687.30 $117,126.48
4 $6,978.86 $1,791.37 $115,335.11
5 $6,868.37 $1,901.85 $113,433.26
6 $6,751.07 $2,019.16 $111,414.10
7 $6,626.53 $2,143.69 $109,270.41
8 $6,494.31 $2,275.91 $106,994.50
9 $6,353.94 $2,416.28 $104,578.21
10 $6,204.91 $2,565.32 $102,012.90
11 $6,046.69 $2,723.54 $99,289.36
12 $5,878.70 $2,891.52 $96,397.84
13 $5,700.36 $3,069.86 $93,327.97
14 $5,511.02 $3,259.21 $90,068.77
15 $5,310.00 $3,460.23 $86,608.54
16 $5,096.58 $3,673.65 $82,934.90
17 $4,870.00 $3,900.23 $79,034.67
18 $4,629.44 $4,140.79 $74,893.88
19 $4,374.04 $4,396.18 $70,497.70
20 $4,102.90 $4,667.33 $65,830.37
21 $3,815.03 $4,955.20 $60,875.17
22 $3,509.40 $5,260.82 $55,614.35
23 $3,184.92 $5,585.30 $50,029.05
24 $2,840.44 $5,929.79 $44,099.26
25 $2,474.70 $6,295.53 $37,803.73
26 $2,086.41 $6,683.82 $31,119.91
27 $1,674.16 $7,096.06 $24,023.85
28 $1,236.49 $7,533.73 $16,490.12
29 $771.83 $7,998.40 $8,491.72
30 $278.50 $8,491.72 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Franklin, IL


1500 sqft3900 sqft
Ø selling price$174,240$370,657
Ø fast selling$158,400$333,591
Ø high price sale$190,081$407,722

In 2026, houses in Franklin, IL will be offered at an average price of $96 per square foot. A 1,500 sqft home priced at $174,240 is 23.71% more expensive per square foot than a 3,900 sqft home priced at $370,657. Home prices in Franklin, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $256,609. Sellers who can wait longer may achieve a higher price of up to $313,632.


Franklin, IL Travel and Living Guide

Overview

Discover Franklin, IL, a welcoming small village in Morgan County, Illinois that blends rural charm with easy access to nearby cities.
Known for friendly neighborhoods and open skies, Franklin offers a peaceful base for families, commuters, and travelers exploring central Illinois.

Location & Community

Located a short drive from Jacksonville and within reach of Springfield, Franklin, Illinois benefits from regional shopping, healthcare, and cultural amenities.
Tree-lined streets, historic homes, and active civic groups reflect a tight-knit community where local events and volunteer spirit thrive.

Things to Do & Outdoors

Popular things to do in Franklin, IL include attending seasonal festivals, cheering on local teams, and enjoying nearby parks, trails, and fishing spots.
Outdoor lovers appreciate the rolling farmland, sunrise drives, and quick access to larger nature areas throughout west-central Illinois.

Schools & Local Economy

The village supports small businesses and agriculture, while proximity to bigger employers in the Jacksonville area expands career options for residents.
Families value the area?s schools and student-centered activities that anchor community pride and year-round engagement.

Travel Tips & Real Estate

Homebuyers will find affordable real estate in Franklin, IL and roomy lots, with options ranging from classic farmhouses to move-in-ready single-family homes.
Travelers can reach Franklin via well-maintained regional highways, and first-time visitors often start with a scenic drive through Morgan County?s countryside and a stroll through the village center.



FAQ – Home Values in Franklin

What is the median home value in Franklin in 2026?

In 2026, the typical home value in Franklin is about $121,900 for an average home size of 1272 square feet. This corresponds to an average price of roughly $96 per square foot.

What is the average cost per square foot in Franklin?

In 2026, homes in Franklin sell for an average of around $96 per square foot, with a typical range between $96 and $96 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Franklin is about 1272 square feet, with an estimated 2026 value around $121,900.



Locations close to Franklin, IL

Frederick, IL54 $ / ft²
Girard, IL54 $ / ft²
Greenview, IL54 $ / ft²
Emden, IL55 $ / ft²
Elkhart, IL35 $ / ft²
Easton, IL54 $ / ft²
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