Franklin County Real Estate and Livability Trends

Franklin County, Illinois real estate trends show rising median home values from $66,300 in 2015 to $87,500 in 2022, positioning the area as an attractive, more affordable option compared to broader averages. Energy tax credits have surged, indicating heightened incentives for energy-efficient home upgrades. Alongside this, real estate taxes have increased to $3,909.68 by 2021, which may reflect... Read more

Economic Outlook

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Franklin County, Illinois showcases an upward trend in average taxable income per tax return, rising from $43,675.18 in 2013 to $54,494.86 in 2021. This suggests an improving economic environment, appealing to investors and potential residents. However, state and local income taxes have experienced significant fluctuations, starting at $4,907.41 in 2012, dropping to $3,954.12 in 2016, and spiking to $8,314.29 by 2021. Such volatility impacts financial planning for investors and homebuyers.... Read more

Average Taxable Income per Tax Return in Franklin County, IL over the last 9 years

Over the past nine years, Franklin County, Illinois has seen a general upward trend in average taxable income per tax return, increasing from $43,675.18 in 2013 to $54,494.86 in 2021. This gradual rise suggests a potentially improving economic environment, which could be appealing to investors, property developers, and individuals considering relocation. This increase in taxable income may also hint at better job opportunities or wage growth in the area.

Cost of Living in Franklin County

Family Size Housing Food Heath Care Child Care Taxes
2 adults
4 children
$972 $1,283 $2,902 $1,058 $1,439
1 adult
4 children
$972 $1,048 $2,227 $1,058 $1,456
2 adults
3 children
$972 $1,048 $2,514 $1,058 $1,174
1 adult
3 children
$972 $856 $1,839 $1,058 $1,168
2 adults
2 children
$774 $858 $2,126 $959 $1,021
2 adults
1 child
$774 $678 $1,738 $640 $968
1 adult
2 children
$774 $641 $1,451 $959 $914
1 adult
1 child
$774 $438 $1,063 $640 $758
2 adults
$588 $545 $1,350 $0 $755
1 adult
$518 $297 $675 $0 $571

Demographics

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The adult population in Franklin County, Illinois, reveals a marginally higher number of females compared to males. Educational attainment indicates that a significant portion of residents have completed high school, though there's a noticeable drop-off in those advancing to higher education levels. Age distribution shows a fairly balanced spread across various age groups, with a slight prominence in the 55-64 year bracket. Racial demographics are overwhelmingly dominated by White residents,... Read more

Race Distribution in Franklin County, Illinois (2022)

Educational Attainment in Franklin County, Illinois (2022)

Age Distribution in Franklin County, Illinois

Citizen Population in Franklin County, Illinois (2022)

Political Trends & Data

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Franklin County, Illinois, exhibited a substantial preference for the Republican party in the 2020 U.S. Presidential Election, with roughly 73% of the vote. Democrats, meanwhile, secured around 26%, and third parties like the Libertarians and Greens had negligible influence, each receiving less than 1%. This could suggest a significant conservative base or local issues aligning more with GOP... Read more

Percentage of Votes in the 2020 U.S. Presidential Election by Party

Franklin County, Illinois, showed a notable leaning towards the Republican party with an estimated 73% of the vote in the 2020 U.S. Presidential Election. Democrats garnered around 26%, while third parties such as the Libertarians and Greens had minimal impact, each capturing less than 1%. This trend might reflect a strong conservative presence or particular local issues resonating more with the Republican agenda.

73.13% of voters voted for the Republican party in the 2020 Presidential Election

25.56% of voters voted for the Democrat party in the 2020 Presidential Election

0.76% of voters voted for the Livertarian party in the 2020 Presidential Election

0.44% of voters voted for the Green party in the 2020 Presidential Election

0.11% of voters voted for the Other party in the 2020 Presidential Election

School Data

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In Franklin County, Illinois, the student-to-teacher ratio has decreased from 14 in 2014 to around 11 in 2023, compared to the national average of 14. This may suggest smaller class sizes and potentially better education quality, enticing families seeking improved educational environments and influencing real estate agents, appraisers, and insurance agents. Investors and developers could view this trend as an opportunity to appeal to education-focused... Read more

Student-to-teacher ratio in Franklin County, Illinois over the last 9 years

Over the last nine years, the student-to-teacher ratio in Franklin County, Illinois has shown a notable decline, dropping from 14 in 2014 to approximately 12 in 2022, and further down to about 11 in 2023. Considering the current national average of 14 students per teacher, Franklin County's improved ratios could suggest smaller class sizes, potentially enhancing the quality of education. This trend may attract families seeking better educational environments, motivate real estate agents to highlight this aspect, and influence appraisers and insurance agents to consider the growing appeal of the local educational amenities. Investors and property developers might also see this as an opportunity to cater to an increasingly education-conscious market.