Home prices
The value of the median home in Franklin Park is $203,800. It is about $22,480 (12%) higher compared to its nearby areas.It is approximately $13,700 (6%) lower in comparison to the country as a whole, and in comparison to the city of Chicago is approximately $54,200 (21%) lower.
Rents
Franklin Park's median rent is $881 per month. It is about $130 (12%) lower compared to nearby areas.In comparison to the rest of the country it is about $181 (17%) lower, and it is about $231 (20%) lower in comparison to the city of Chicago.
Nearby places
Schiller Park
Schiller Park is Franklin Park's neighbor to the north. The housing prices there are fairly similar. Schiller Park's median home value is $203,200, which is very similar to Franklin Park. The rent there is somewhat more expensive. Schiller Park's median rent is $1,031 per month, which comes out to $150 (14%) higher than Franklin Park.
Northlake
Northlake is Franklin Park's neighbor to the southwest. Housing prices there are a little less expensive. The median home in Northlake is valued at $181,700, which works out to $22,100 (12%) lower than Franklin Park. Its rents are a bit more expensive. In Northlake the median rent is $958 a month, which comes out to $77 (8%) higher than Franklin Park.
River Grove
River Grove is Franklin Park's neighbor to the southeast. The real estate prices there are pretty similar. The cost of the median home in River Grove is $211,200, which works out to $7,400 (3%) higher than Franklin Park. Rents there are a little more expensive. In River Grove the median rent is $972 a month, which comes out to $91 (9%) higher than Franklin Park.
Melrose Park
Melrose Park is Franklin Park's neighbor to the south. Its real estate prices are a bit less expensive. The value of the median home in Melrose Park is $192,000, which works out to $11,800 (6%) lower than Franklin Park. The rent there is a bit more expensive. The median rent in Melrose Park is $995 per month, which comes out to $114 (11%) higher than Franklin Park.
Stone Park
Stone Park is approximately 2 miles south from Franklin Park. Its real estate prices are a lot less expensive. Stone Park's median home value is $118,500, which is $85,300 (71%) lower than Franklin Park. The rent there is a little more expensive. The median rent in Stone Park is $1,099 per month, which works out to $218 (19%) higher than Franklin Park.
