Franklin Park, Illinois.
Typical home $323,357 (+7.6% in a year), asking rent $1,800 . Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$959 (+130%) since Jan 2020.
- 1 year
- Up $22,752 +8%
- $300,605$323,357 since Sep 2025
- 5 years
- Up $78,302 +32%
- $245,055$323,357 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Franklin Park$1,697
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Franklin Park, IL rose 7.6% over the past year — faster than the nation's +1.2%.
Living in Franklin Park, Cook County, Illinois
Franklin Park is a village of 18,467 people in Cook County. Half its households earn more than $76,519 a year and half less, against $83,498 across Cook County; 9% of its people live below the poverty line. 75% of its homes are lived in by their owners and 25% are rented. Unemployment in Cook County was 5.9% in August 2026, and the county had 1.1% more jobs in 2025 than the year before. The most residents work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Franklin Park is a village in Cook County, close to the western edge of Chicago. Most homes here are lived in by their owners, at a higher rate than is typical of a big-city neighborhood, and residents are about the age of the typical American. Household incomes run somewhat below the county's, and relatively few adults hold a four-year degree. Winters are cold and snowy, with January the coldest month, and summers turn warm in July, with plenty of rain and melted snow through the year.
Work. Many residents work in manufacturing, in schools, hospitals and social care, in professional and business services, and in transport, warehouses and utilities. The village has a strong industrial side, and its largest workplaces include Sloan Valve-Franklin Park, UPS and Ferrero. Cook County's unemployment rate has risen over the past year, though the county still has slightly more jobs than it did a year earlier. A typical commute takes a fair stretch of time, and only a small share of people work from home.
Things to do. The big attractions of Chicago are a longer drive away. The Art Institute of Chicago and the Field Museum of Natural History are among the city's best-known museums. Millennium Park is a garden and public space downtown, and the United Center is a stadium that hosts major games and concerts.
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- 6,007households
- 20%of adults have a degree
- 9%below the poverty line
- 29 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Cook County had 2,594,810 jobs in 2025, 1.1% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 32° and lows near 19°; warmest in July, with highs near 84° and lows near 66°. About 38 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Chicago Ohare International Airport weather station, 5 miles away (NOAA).
Largest workplaces in Franklin Park
- Hill Mechanical GroupMechanical contractors1,264
- UPSCouriers and express delivery services630
- Sloan Valve-Franklin ParkFlush valves, plumbing, manufacturing611
- Mannheim SD 83School district572FTE
- Ferrero (Fervalue)Baking chocolate made from cacao beans534
- Koch Foods - Franklin ParkProcessed poultry manufacturing480
- Leyden CHSD 212School district357FTE
- DHL ExpressExpress delivery services except establishments operating under a universal service obligation272
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 58 workplaces with 20 or more staff, 8,008 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Heat wavesRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Franklin Park’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Cook County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Franklin Park home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Franklin Park$323,357
- Illinois$295,943
- United States$366,157
Sellers are cutting prices on about 1 in 6 Franklin Park listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Franklin Park17.50%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Franklin Park29
New listings per month
Sellers arriving at the market.
- Franklin Park14
Zip codes with a Franklin Park address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Franklin Park — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.