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Frankfort

Frankfort

Located in Will County

$556,057 Average Value
$205 Average Price per Sq Ft
76 Homes For Sale

The growing 'Jewel of the South Suburbs'

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 is a picturesque village in Will County, just 28 miles south of Chicago.
Frankfort is a picturesque village in Will County, just 28 miles south of Chicago.
A couple of actors entertain the kids at the Fire & Ice Winter Social in Frankfort, IL.
A couple of actors entertain the kids at the Fire & Ice Winter Social in Frankfort, IL.
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A bustling downtown with a vibrant dining scene

Frankfort’s preserved historic downtown harkens to its first 100 years as a small railroad and farming community. Even buildings constructed in the past two decades don’t feel out of place architecturally, enhancing a sense of walkability. “We’ve been described as straight out of a Hallmark movie,” Ogle says.

More than 50 businesses operate downtown, ranging from boutiques and beauty salons to restaurants, coffee shops and bars. Local favorites include Fat Rosie's Taco and Tequila Company, Francesca's Fortunato, Cultivate Community Table and the cash-only Old Plank Trail Tavern.

More shopping and dining options are available along U.S. 45, which is also known as LaGrange Road through town.

Fat Rosie’s Taco & Tequila Bar offers Mexican eats and cocktails served in an upbeat, festive setting with whimsical décor and outdoor seating.
Fat Rosie’s Taco & Tequila Bar offers Mexican eats and cocktails served in an upbeat, festive setting with whimsical décor and outdoor seating.
Cultivate Community Table is an award-winning chef-owned restaurant featuring farm-to-table ingredients and top-shelf craft beer and cocktails.
Cultivate Community Table is an award-winning chef-owned restaurant featuring farm-to-table ingredients and top-shelf craft beer and cocktails.
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Family-friendly festivals are a major draw

“Our community hosts many free, family-friendly events,” Ogle says.

The Frankfort Fall Festival, first held in 1968, is the perfect symbol of the town’s growth. What was once Frankfort’s Labor Day Weekend celebration has evolved into a regional event drawing more than 250,000 visitors and 300 artisans selling handmade artwork and crafts.

The Frankfort Bluegrass Festival may sound more suited to the Kentucky capital city of the same name, but it’s held here every July – and was recognized as the International Bluegrass Music Association Event of the Year in 2019.

The village’s Breidert Green hosts other events throughout the year, with Fridays on the Green, Movies on the Green and Concerts on the Green among the highlights.

“There’s no reason to leave Frankfort,” Ogle says. “There’s always something going on.”

Many of the Lakeview Estates residents atttend the Frankfort Fall Festival.
Many of the Lakeview Estates residents atttend the Frankfort Fall Festival.
There was live music at the 12th Annual Frankfort Bluegrass Festival in North Frankfort.
There was live music at the 12th Annual Frankfort Bluegrass Festival in North Frankfort.
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Lincoln-Way East one of Will County's top high schools

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.

South Frankfort's Hickory Creek Middle School is highly rated at 4th best public middle school in Will County.
South Frankfort's Hickory Creek Middle School is highly rated at 4th best public middle school in Will County.
Entrance of Lincoln-Way East High School with School Spirit Banner
Entrance of Lincoln-Way East High School with School Spirit Banner
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Will County's most expensive housing market

With a median home price of $525,000—more than $100,000 higher than the national median—Frankfort is the most expensive community in Will County for homebuyers. There are some split-level and ranch-style homes from the 1970s and ‘80s that start around $250,000. Large custom homes in the Butternut Creek Woods, Cardinal Lake and Stonebridge Valley subdivisions can range from $500,000 to more than $2 million.

Homes in Frankfort average between 2,400 to 3,500 square feet.
Homes in Frankfort average between 2,400 to 3,500 square feet.
Frankfort features many new modern farmhouse developments.
Frankfort features many new modern farmhouse developments.
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Prairie Park brings nature to downtown

Prairie Park is a 13-acre nature preserve adjacent to downtown that includes tallgrass prairie, a walking path and a fishing pond. The Frankfort Park District manages 19 parks and the Founders Community Center, which provides indoor recreational opportunities during the winter.

The Old Plank Road Trail, which stretches 22 miles from New Lenox to Park Forest, winds its way through Frankfort along the path of the old Joliet and Northern Indiana Railroad that served as the town’s economic lifeline in the 19th century.

The members-only Prestwick Country Club, Frankfort's only golf course, is an 18-hole course set in a residential neighborhood.

Take your kids to Jackson Creek Park in Frankfort IL and enjoy all the nice amenities.
Take your kids to Jackson Creek Park in Frankfort IL and enjoy all the nice amenities.
Kids can enjoy a nice playground at Roy and Dorothy Janssen Park.
Kids can enjoy a nice playground at Roy and Dorothy Janssen Park.
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Proximity to I-80 aids commute to Chicago

Proximity to Interstate 80 helped drive Frankfort’s growth. It’s 4 miles to I-80, expediting the 30-mile drive to Chicago. Though I-80 also heads 15 miles west to Joliet, most residents will take U.S. 30 to the Will County seat.

There is no public transportation in Frankfort. However, two Metra commuter rail stations in neighboring Mokena offer service to Chicago.

Chicago Midway International Airport is just over 25 miles north of Frankfort.

Crime rates well below national averages

Frankfort’s 2022 violent and property crime rates were about four times lower than the national average. The Frankfort Police Department offers a vacation watch program for residents who are traveling out of town.

Like the rest of Illinois, Frankfort has some tornado risk. An EF-2 tornado cut through the southeastern part of town in July 2024.

Alex Hickey
Written By
Alex Hickey
Joseph Davis
Photography Contributed By
Joseph Davis
Myles Manuel
Video By
Myles Manuel

Interested in learning more about homes in this area? Reach out to Sohe Reyes, an experienced agent in this area.

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Frankfort Housing Trends

Housing Trends

Median List Price
$548,700
Median Sale Price
$500,500
Median Single Family Sale Price
$528,400
Median Townhouse Sale Price
$541,500
Median 2 Bedroom Sale Price
$301,000
Median Change From 1st List Price
1%
Last 12 months Home Sales
370
Median Home Sale Price YoY Change
11%
Average Price Per Sq Ft
$205

Area Facts

Number of Homes
5,874
Number of Homes for Sale
76
Median Year Built
2011
Months of Supply
2.50
Average Single Family Home Size Sq Ft
3,729
Significantly above the national average
1,929
Average Townhouse Size Sq Ft
2,508
Average 2 Bedroom Size Sq Ft
1,587
Median Lot Size Sq Ft
17,859

Open Houses

  • Sunday, Nov 2
    Open Sun 1PM - 3PM

    797 Oakwood Dr, Frankfort, IL 60423

    $449,900

    • 3 Beds
    • 2 Baths
    • 1,525 Sq Ft
    • 797 Oakwood Dr
    • New 1 day ago

    Beautifully updated three bedroom, two bath home in the desirable Tanglewood neighborhood of Frankfort, just a short walk to Lincoln Way East High School. Situated on a corner lot, this split level offers a functional layout and thoughtful updates throughout. The main level features a bright living and dining area with vaulted ceilings that opens to a three seasons room overlooking the fully

    Lauren Roman @properties Christie's International Real Estate

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  • Saturday, Nov 1
    Open Sat 1PM - 4PM

    8679 Cullen Dr, Frankfort, IL 60423

    $899,000

    • 6 Beds
    • 4 Baths
    • 6,230 Sq Ft
    • 8679 Cullen Dr
    • New 2 days ago

    Impressive 6-Bedroom Home in Vibrant Frankfort The pictures say it all! This stunning oversized brick home built in 2017. Showplace finished basement in 2024, offers space, style, and modern amenities in the amazing and lively city of Frankfort. The spacious kitchen features upgraded appliances and plenty of counter space, with a large dining area perfect for family gatherings. The main level

    John Lorenz Lorenz Realty Group

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  • Saturday, Nov 1
    Open Sat 11AM - 2PM

    22125 Jasmine Dr, Frankfort, IL 60423

    $569,900

    • 4 Beds
    • 3 Baths
    • 3,332 Sq Ft
    • 22125 Jasmine Dr
    • New 22 days ago

    Stunning 2-Story Home on a Beautiful Corner Lot! This impressive 3,300+ sq ft home sits on a picturesque corner lot surrounded by mature trees and professional landscaping-perfectly located across the street from the park. This is a HUGE lot! The side of the home has extra space perfect for parties (plenty of room for large tent), throwing bags etc. Inside, you'll find 4 spacious bedrooms and 3

    James Kroll Century 21 Kroll Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Neighborhoods in Frankfort

Property Mix - Square Feet

Frankfort Has More Owners

Demographics

Total Population
22,011
Median Age
44
Population Density
113 ppl/acre
Population under 18
25.4%
On par with the national average
23.8%
Population over 65
20%
On par with the national average
19.1%

Finances

Median Household Income
$138,630
Significantly above the national average
$71,702
Average Household Income
$166,351

Education and Workforce

High School Graduates
98%
College Graduates
54.9%
Above the national average
34.1%
Advanced Degrees
24.6%
Above the national average
13.3%
% Population in Labor Force
72.2%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
15°F
Average Summer High Temperature
84°F
Annual Snowfall
35''

Area Factors

Somewhat Bikeable

Bike Score®®

30 / 100

Car-Dependent

Walk Score®®

6 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Frankfort
Sohe Reyes
Smart Home Realty
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