All Countries
Frankfort, IL
Full City Profile · Illinois · Will County County
4.0
/5.0
A
Great
20,417
Population
1,307/sq mi density
$153,714
Median Income
$59,421 per capita
$461,600
Home Value
$480,767 Zillow
$2,175
Median Rent
28.4% income on rent
51°F
Avg Temperature
275 sunny days/yr
83
Violent Crime/100K
1,095 property/100K
A
Overall
4.0 / 5.0
Strong
A+
Economy
4.9 / 5.0
$153,714 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$461,600 home value, $2,175/mo rent
F
Safety
1.0 / 5.0
83 violent crimes/100K
A+
Education
5.0 / 5.0
59.2% bachelor's degree or higher
Housing Overview
Median Home Value
$461,600
64% above
US avg: $281,900
Median Rent
$2,175/mo
87% above
US avg: $1,163/mo
Homeownership Rate
94.7%
45% above US avg (65.4%)
Total Housing Units
6,893
Median year built: 1999
Home Value by Source
Census Median
$461,600
Zillow (ZHVI)
$480,767
Median Sale Price
$550,000
Median List Price
$657,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
94.7%
Owner-Occupied
5.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent:
$2,175/mo
Market Indicators (Redfin)
Median Days on Market
57 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
20.5%
of listings with price reduction
Price Per Sq Ft
$204
Active Inventory
44
homes for sale
Affordability & Housing Stock
Rent Burden
28.4%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1999
Average age of housing stock: 27 years
Homeownership Rate
94.7%
Complete Housing Data
Home Values
| Census Median Value | $461,600 |
| Zillow Home Value (ZHVI) | $480,767 |
| Median Sale Price | $550,000 |
| Median List Price | $657,500 |
| Price Per Sq Ft | $204 |
Rent
| Census Median Rent | $2,175 |
| FMR Studio | $774 |
| FMR 1-Bedroom | $854 |
| FMR 2-Bedroom | $1,063 |
| FMR 3-Bedroom | $1,370 |
| FMR 4-Bedroom | $1,561 |
Market
| Days on Market | 57 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 20.5% |
| Homes Sold | 7 |
| Active Inventory | 44 |
| Price Per Sq Ft | $204 |
Ownership & Stock
| Owner-Occupied | 94.7% |
| Renter-Occupied | 5.3% |
| Homeownership Rate | 94.7% |
| Total Housing Units | 6,893 |
| Median Year Built | 1999 |
| Rent Burden | 28.4% |