From January to March, 45 homes sold in Franklin Park for a median price of $196,000. That's 28.1 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 7 homes in Franklin Park were in foreclosure.
Median property tax for homeowners in Franklin Park was $6,772.38 in 2016 according to tax data from that year. That means homeowners pay 4.1 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Franklin Park real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
14
$155,025
-
2010
37
$148,200
-4.4%
2011
45
$141,250
-4.7%
2012
54
$89,108
-36.9%
2013
64
$116,100
30.3%
2014
40
$140,450
21%
2015
47
$137,800
-1.9%
2016
54
$163,538
18.7%
2017
59
$153,000
-6.4%
2018
45
$196,000
28.1%
Median property tax
Median sale price
Effective property tax rate
2009
$6,821.18
$155,025
4.4%
2010
$5,844.95
$148,200
3.9%
2011
$6,711.88
$141,250
4.8%
2012
$6,385.62
$89,108
7.2%
2013
$5,469.80
$116,100
4.7%
2014
$5,903.48
$140,450
4.2%
2015
$5,865.98
$137,800
4.3%
2016
$6,772.37
$163,538
4.1%
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