Skip to content
Skip to content
TopHapOpen in map
Single Family ResidentialResidential
$37,672
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026
Last sold for $10,000 on Aug 24, 2016

518 S FRANKLIN ST

SALEM, IL 62881
0
Baths
0.2 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$38K
$35K low$41K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$10,000 · Aug 24, 2016

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$444 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$6,440 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$3,290
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$3,150
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$5,750
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$19,320

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residential
CountyMARION
Lot (acres)The size of the land the home sits on, from county records.0.20
PoolWhether the property has a pool, and what kind, such as in-ground.No

Transaction History(2)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

H
Salem Community High SchoolC
High · Grades 9–12 · 1.1 mi
M
Franklin Park Middle SchoolB
Middle · Grades 4–8 · 1.1 mi
E
Hawthorn Elementary SchoolB
Elementary · Grades KG–3 · 1.1 mi

District: Salem School District 111

Neighborhood · ZIP 62881These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.122
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.85
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.178

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.91%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.12%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.16%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.6%
PopulationHow many people live in this area.10,212
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.104 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,564
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$80,373
Average tempThe average temperature here across a full year.55°F
Annual precipHow much rain and melted snow falls here in a typical year.42 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.59%

Owner Tools

Do you own this home?
Claim this home

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

518 S Franklin St measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth less than 94% of homes in Salem 62881
  • Has a smaller lot than 78% of homes in Salem 62881

What homes are worth in Salem 62881

Each bar is how many homes fall in that price range. The marker is this home.

This home
$28K$407K

This home is worth more than 6% of homes in Salem 62881.

How it measures up in Salem 62881

The dot is this home. The mark in the middle is the typical home in Salem 62881.

Estimated value$37,672
CheaperTypical $128,638Pricier

Pricier than 6% of homes nearby

Lot size0.2 ac
SmallerTypical 0.37 acBigger

Bigger than 22% of homes nearby

How 518 S Franklin St ranks against every home in each area.
MeasureThis homeSalem 62881Marion County
Estimated valuepricier than$37,6726% of homes12% of homes
Lot sizebigger than0.2 ac22% of homes25% of homes

About 518 S Franklin St

How much is 518 S Franklin St, Salem, IL worth?

The TopHap Estimate for 518 S Franklin St, Salem, IL is $37,672 as of Oct 21, 2026. The likely range is $34,707 to $40,637. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 518 S Franklin St, Salem, IL last sell?

518 S Franklin St, Salem, IL last sold on Aug 24, 2016 for $10,000, according to the county's recorded deed.

What schools serve 518 S Franklin St, Salem, IL?

518 S Franklin St, Salem, IL is assigned to Salem Community High School (high), rated C; Franklin Park Middle School (middle), rated B; Hawthorn Elementary School (elementary), rated B. All sit in Salem School District 111. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 518 S Franklin St, Salem, IL compare to other homes in Salem 62881?

Among the 4,205 homes in Salem 62881, it is worth more than 6% of them ($37,672 against a typical $128,638) and its lot is bigger than 22% of them (0.2 ac against a typical 0.37 ac). Measured against all of Marion County, it is worth more than 12% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 518 S Franklin St, Salem, IL?

The 2025 property tax bill for 518 S Franklin St, Salem, IL was $444. The county assessed it at $6,440.

More homes on S Franklin St

Closest homes

More homes in Salem 62881

Assigned schools

Explore the area

See this home in context

Open 518 S Franklin St on TopHap’s interactive map to compare it against every sale nearby, overlay school zones and flood risk, and run a CMA.

Open in map
A flyover of TopHap's photorealistic 3D map, with recorded sale prices pinned to homes
Search any address, city, zip, or county…3D$1.9M$6.25MOpen in map