Real Estate Investing in Franklin Grove, Illinois

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1 ZIP codes • Population: 1,615 • Lee County

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Should you buy in Franklin Grove, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
GREAT FIT
Grade A (89/100)

Strong fundamentals — affordable, appreciating, and stable. A confident pick for primary residence.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Franklin Grove, IL?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

8.0% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $201,034
Avg Monthly Rent $828
ZIP Codes 1

Investing in Franklin Grove Real Estate

Franklin Grove in Illinois is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

decisively Franklin Grove's aggregate rating of ★★★☆☆ reflects tepid investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Transaction volume in Franklin Grove has thinned in a way that amplifies price discovery risk. From an investor standpoint, investors without local context should treat every number on the page with skepticism.

The 0% renter share in Franklin Grove masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Dixon, IL

Franklin Grove is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$201,034
Avg Monthly Rent
$828
1% Rule
✗ Below
Landlord Friendly (IL)

📉 Market Crash Risk Index

Based on Dixon, IL metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
46%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Dixon, IL metro
0
Days to pending
11.4%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Franklin Grove, IL

Screen every ZIP in Franklin Grove

Filter Franklin Grove’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Franklin Grove, IL

Should investors worry about vacancy in Franklin Grove, IL?

Vacancy in Franklin Grove, IL is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $828/mo.

What approach is best for Franklin Grove, IL real estate?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Franklin Grove, IL. The numbers - $201K homes against $828/mo rents - support that play.

How strong is tenant demand in Franklin Grove, IL?

Working renters make up the core of the Franklin Grove, IL tenant base. The pool is reasonable for investors targeting long-term holds.

How strict are landlord regulations in Franklin Grove, IL?

Franklin Grove, IL operates under IL law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.

Does Franklin Grove, IL make sense for an investment property?

With a 3.0/5 investability score, Franklin Grove, IL ranks as a solid market for rental property investors. Median prices of $201K and rents of $828/mo drive the underlying numbers.

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