Housing · Frankfort
Frankfort, IL housing market
The typical Frankfort home is worth about $503,000, up 3.6% in a year, 69% above the Illinois typical home.
Home values, sales, trends and how Frankfort compares with the towns next door — updated as new data is published.
The market right now
Frankfort at a glance
Typical home value
$503K
▲ 3.6% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
FrankfortIllinois
Show as a table
| January | Frankfort | Illinois |
|---|---|---|
| 2017 | $318,000 | $181,000 |
| 2018 | $324,000 | $190,000 |
| 2019 | $330,000 | $195,000 |
| 2020 | $334,000 | $200,000 |
| 2021 | $355,000 | $215,000 |
| 2022 | $397,000 | $236,000 |
| 2023 | $424,000 | $248,000 |
| 2024 | $458,000 | $263,000 |
| 2025 | $476,000 | $278,000 |
| 2026 | $498,000 | $290,000 |
| August 2026 | $503,000 | $298,000 |
Next door
Frankfort and its neighbors
The towns that share a border. Tap one to see its housing page.
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Frankfort | $503K | +3.6% | — | $134,769 |
| New Lenox | $456K | +2.7% | — | $133,434 |
| Frankfort | — | — | 57 | $154,375 |
| Orland Park | $413K | +6.1% | 40 | $98,910 |
| Matteson | $276K | +4.6% | 64 | $95,457 |
| Frankfort Square | — | — | 35 | $126,897 |
Affordability
3.7 years of income
The typical Frankfort home costs about 3.7 years of the town's median household income, about the same as across Illinois (3.6).
How Frankfort ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
93.1%
Illinois: 67.1%
Median tax bill
$9,178
Illinois: $5,298
Median rent
$1,449
Illinois: $1,274
Typical home built
1995
Illinois: 1971
U.S. Census Bureau, ACS 2020-2024.
On the market
Recent listings in Frankfort
Listed in the past 60 days. Each opens on the listing site.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.