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ZipNumbers

Illinois · Census place 27689

Franklin Grove village, IL

Quick answer

Franklin Grove village has 1,086 residents, ranking #676 of 1462 places in Illinois. Median household income is $60,833, the median home is worth $136,800 and median gross rent runs $850 a month.

Population
1,086Franklin Grove village residents
Median household income
$60,833Past 12 months, inflation adjusted
Median home value
$136,800Owner-occupied units
Median gross rent
$850Rent plus utilities, monthly
Median age
41.5 yrsAll residents
Homeownership rate
66.2%Owner-occupied households

What the numbers mean in Franklin Grove village

Housing cost measured against local earnings.

A household earning the Franklin Grove village median would spend about 16.8% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11.3% of residents and 66.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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