Why Live in Frankfort
Despite its location at the crossroads of U.S. Route 30 and U.S. Route 45 near Will County’s border with Cook County, at one point in time, Frankfort was a town off the beaten path. The population didn’t exceed 1,000 until the 1960s or 10,000 until the 2000s. But the secret is out now. More than 20,000 residents call the self-styled “Jewel of the South Suburbs” home, and Frankfort is continuing to grow. “Our population doubles every 20 years,” says Frankfort mayor Keith Ogle.
Even with the rapid expansion, many subdivisions are right across the street from farm fields, providing a still-pastoral setting some 30 miles southwest of Chicago. Frankfort Community School District No. 157-C, earns an A from Niche. Students in the largely unincorporated northeastern part of Frankfort attend B-plus-rated Summit Hill School District No. 161. Both districts feed into A-rated Lincoln-Way East High, which ranks as the No. 2 public high school in Will County. Lincoln-Way East is an athletic powerhouse, including six appearances in the state football championship game and five state titles in girls’ track and field. With a median home price of $525,000—more than $100,000 higher than the
Home Trends in Frankfort, IL
On average, homes in Frankfort, IL sell after 35 days on the market compared to the national average of 69 days. The median sale price for homes in Frankfort, IL over the last 12 months is $790,000, up 20% from the median home sale price over the previous 12 months.
Median Sale Price
$790,000
Median Single Family Sale Price
$771,000
Median Townhouse Sale Price
$410,808
Median 2 Bedroom Sale Price
$466,450
Average Price Per Sq Ft
$228
Number of Homes for Sale
9
Last 12 months Home Sales
106
Median List Price
$785,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
20%