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Frankfort Square, IL
Full City Profile · Illinois · Will County County
3.5
/5.0
B+
Good
9,777
Population
3,911/sq mi density
$126,953
Median Income
$44,438 per capita
$282,100
Home Value
$319,323 Zillow
$1,511
Median Rent
16.9% income on rent
51°F
Avg Temperature
275 sunny days/yr
80
Violent Crime/100K
1,618 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$126,953 median income, 5.5% unemployment
A+
Affordability
5.0 / 5.0
$282,100 home value, $1,511/mo rent
F
Safety
1.0 / 5.0
80 violent crimes/100K
B+
Education
3.5 / 5.0
31.8% bachelor's degree or higher
Housing Overview
Median Home Value
$282,100
0% below
US avg: $281,900
Median Rent
$1,511/mo
30% above
US avg: $1,163/mo
Homeownership Rate
93.2%
43% above US avg (65.4%)
Total Housing Units
3,232
Median year built: 1984
Home Value by Source
Census Median
$282,100
Zillow (ZHVI)
$319,323
Median Sale Price
$379,000
Median List Price
$367,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
93.2%
Owner-Occupied
6.8%
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:
$1,511/mo
Market Indicators (Redfin)
Median Days on Market
39 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
9
Price Drops
10.5%
of listings with price reduction
Price Per Sq Ft
$180
Active Inventory
19
homes for sale
Affordability & Housing Stock
Rent Burden
16.9%
of renters spending 30%+ of income on housing
45% below US avg (31.0%)
Median Year Built
1984
Average age of housing stock: 42 years
Homeownership Rate
93.2%
Complete Housing Data
Home Values
| Census Median Value | $282,100 |
| Zillow Home Value (ZHVI) | $319,323 |
| Median Sale Price | $379,000 |
| Median List Price | $367,450 |
| Price Per Sq Ft | $180 |
Rent
| Census Median Rent | $1,511 |
| 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 | 39 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 10.5% |
| Homes Sold | 9 |
| Active Inventory | 19 |
| Price Per Sq Ft | $180 |
Ownership & Stock
| Owner-Occupied | 93.2% |
| Renter-Occupied | 6.8% |
| Homeownership Rate | 93.2% |
| Total Housing Units | 3,232 |
| Median Year Built | 1984 |
| Rent Burden | 16.9% |