HomeIllinoisLee CountyFranklin Grove village
Franklin Grove village, Illinois: commercial real estate data.
Franklin Grove village is a Census village of 988 people across 0.42 square miles of land, in Lee County. Median household income is $58,618, 74.0 percent of occupied homes are owned.
50 sourced place values · tier FULL · 6 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Franklin Grove
What Franklin Grove is
- Census place typevillage
- Land area0.42 sq mi
- Water area0 sq mi
- Population per square mile of land2,373
- County holding the largest share of its areaLee County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Grove
How many people live in Franklin Grove
- Population988
- Median age47.8
- Population under 18197 plus or minus 62
- Share under 1819.9 percent plus or minus 5.3
- Population 65 and over333 plus or minus 89
- Share 65 and over33.7 percent plus or minus 7.0
- Households385
- Family households231
- Share of households that are families60.0 percent plus or minus 14.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Grove
Income and work in Franklin Grove
- Median household income$58,618
- Per capita income$32,262
- Civilian labor force413 plus or minus 89
- Employed408 plus or minus 89
- Unemployed5 plus or minus 6
- Unemployment rate1.2 percent plus or minus 1.4
- Adults 25 and over725
- Adults 25 and over with a high school diploma or higher89.4 percent
- Adults 25 and over with a bachelor degree or higher17.2 percent plus or minus 4.7
- Adults 25 and over with a graduate degree4.3 percent plus or minus 3.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Grove
Housing in Franklin Grove
- Housing units416
- Occupied units385
- Vacant units31 plus or minus 20
- Vacancy rate7.5 percent plus or minus 4.6
- Owner occupied285
- Renter occupied100 plus or minus 47
- Ownership rate74.0 percent plus or minus 18.1
- Median owner-occupied home value$124,400
- Median gross rent, monthly$800 plus or minus $174
- Annual rent as a share of median income16.4 percent plus or minus 4.2
- Single family units328
- Share single family78.8 percent plus or minus 17.7
- Units in buildings of two or more88 plus or minus 42
- Share in buildings of two or more21.2 percent plus or minus 9.4
- Mobile homes0
- Median year structure built1943
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Franklin Grove
How Franklin Grove gets to work
- Workers 16 and over who commute395 plus or minus 86
- Commuting under 15 minutes134 plus or minus 53
- Share commuting under 15 minutes33.9 percent plus or minus 11.1
- Commuting 30 minutes or more127 plus or minus 42
- Share commuting 30 minutes or more32.2 percent plus or minus 8.0
- Drove alone84.6 percent
- Carpooled3.7 percent plus or minus 2.6
- Public transport1.2 percent plus or minus 1.7
- Walked0.7 percent plus or minus 1.0
- Worked from home3.2 percent plus or minus 2.4
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lee County, not Franklin Grove
Lee County context, not Franklin Grove figures
These are Lee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Franklin Grove measurements.
- Establishments in Lee County690
- Employment at those establishments, Lee County10,894
- Covered employment, Lee County12,375
- Average annual pay, Lee County$58,453
- Average weekly wage, Lee County$1,124
- Housing units permitted, Lee County43
- Of those, single family, Lee County27
- County product, 2024, Lee County$2,173,338,000
- County product change over the prior year, Lee County4.6 percent
- Average income of an arriving household, Lee County$53,018
Every figure in this section is published for Lee County as a whole and is not a measurement of Franklin Grove. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- No SBA approvals are recorded to a borrower address in this place in either FOIA release.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Franklin Grove questions, answered from the record.
How many people live in Franklin Grove, Illinois?
988, in 385 households. Franklin Grove village covers 0.42 square miles of land, which is 2,373 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Franklin Grove in?
Lee County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Franklin Grove?
$58,618. The median owner-occupied home is valued at $124,400. Median gross rent is $800 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Are the county figures on this page Franklin Grove figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Lee County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Franklin Grove.
Is zoning published for Franklin Grove?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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