Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 44.1 yrs |
|---|---|
| Avg HH Size | 2.51 |
| Below Poverty | 8.1% ▼ 19% below avg |
| College Grads | 36.9% ≈ Avg |
| Unemployment | 0.8% ▼ 83% below avg |
| No HS Diploma | 11 (1%) |
| HS Graduate | 441 (40.5%) |
| Some College | 154 (14.1%) |
| Associates | 82 (7.5%) |
| Bachelors | 113 (10.4%) |
| Graduate Degree | 289 (26.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,050 ≈ Avg |
|---|---|
| Median Home Value | $148,600 ▼ 47% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $822/mo |
| Total Housing Units | 654 |
| Vacant Units | 51 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Franklin Grove is a city in Illinois, located in Lee County. The city spans 1 ZIP code and is home to approximately 1,615 residents. It is a middle-aged city, with a median age of 44.1 years.
Economically, Franklin Grove is a solidly middle-class community. The median household income of $74,050 is near the national average. Approximately 8.1% of residents live below the poverty line. The unemployment rate is 0.8%, well below the national average.
The real estate market in Franklin Grove is one of the more affordable housing markets in the country. Median home values stand at $148,600, which is below the national average. Renters typically pay around $822 per month. Homeownership is high at 71.8%, typical of suburban and family-oriented communities.
The population of Franklin Grove is moderately educated. 36.9% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (85.39%).
Franklin Grove, IL offers residents a cost-conscious lifestyle within Illinois.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 61031 | 1,615 | $74,050 | $148,600 | $822 | 0.8% | 36.9% | 71.8% |