Interested in purchasing investment houses in the 61031 zip code in Franklin Grove, IL?
The zip code 61031 is in both Lee and Ogle counties with a latitude of -89.313070000000 and longitude of 41.830810000000, is in the state of Illinois. The average asking price of houses and condos is $167,364.00 and the average sale price was $124,293.00. this regions is classified as the Rockford metro area and consists of the following area codes: 779 and 815. The location in degrees is 41° 49' 50.916" N, 89° 18' 47.052" W. The county F.I.P.S. is 17103. The total land area is 46.4 square miles and the water area is 0.0 square miles. The elevation in this area is 728 - 833 feet. The zip code is on central standard time and observes daylight savings time.
The zip 61031 is in county number 141 and is L. Sector 96, L. Segment 01, H. Sector 01, and H. Segment 01. The population was 1,586 in 2019 and 1,656 in 2010. This further breaks down to 753 males (47.5%) and 832 females (52.5%). The median age of residents is 44.3 years. The population of the greater Dixon, IL area is 35,176. The population density (people per square mile) is 34. This zip code has a combined total of 678 houses and condos. There are 159 rented appartments. 25% of residents rent versus the 25% of residents in the state who rent.
The financial status of those living in this area is considered middle class. The average individual gross adjusted income is $54,259 and the average salary is $40,700. The median household income of individuals is $55,155.00 and the average is $57,130.00. This zip code has a mean commute time to work of 25.5 minutes. The unemployment rate is 2.4%. Income earners by percent breakdown as 41.50% (Under $50,000), 43.30% ($50,000-$100,000), and 15.20% earn over $100,000. 8.0% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 84.9. The educational breakdown is 91.3% have a high school education or higher, 16.8% have a bachelor's degree or higher, and 4.1% have some kind of profesional degree.
This area has 604 households and the average size is 2.4 people. Individuals who are single and have never been married are 30.5%, 49.3% are now married, 0.7% are separated, 11.4% are widowed, and 8.2% are divorced. The average yearly contribution amount given by people to charity was $3,227 versus the state average of $4,525. The percent of residents who gave to charity was 20.5%.
The estimated median value of houses and condos is $126,608. The median monthly owner costs of mortgage holders was $1,025, where as the costs for those who don't have a mortgage are $472. The median number of rooms in houses and condos are 7.2 versus apartments which had a median number of 5.7.
The real estate tax percent rate is 1.8% which equated to an average real estate tax amount payment of $2,316. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 1.9% which amounted to an average tax amount of $2,320. Conversely, the median housing property tax percent for residents who don't have mortgages was 1.6% which amounted to an average tax amount of $2,319. Reported taxable interest for persons was $1,145, dividends $2,400, capital gains +$2,089, and itemized deductions $19,505. The average earned income tax credit is $2,167. The percent of individuals that use a tax preparer is 53.4%. The total average income taxes paid by individuals was $7,238. Businesses reported an average profit of $3,846.
Lincoln Way Cafe
137 N Elm St, Franklin Grove, IL 61031
Casey's Carryout Pizza
203 E Lincoln Hwy, Franklin Grove, IL 61031
Ralphie & Lu Lu's Inc
812 Main St, Ashton, IL 61006 (5.6 miles away)
Galena Steak House
1101 N Galena Ave, Dixon, IL 61021 (8.9 miles away)
Blackhawk Steak Pit
1429 N Il Route 2, Oregon, IL 61061 (10.6 miles away)
Italian
203 E Short St, Amboy, IL 61310 (10.7 miles away)
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