Frankfort village
Illinois
Frankfort, Illinois, is a suburban gem offering a truly enviable lifestyle, especially for families. Nestled in Will County, this village of just over 20,000 residents boasts a median household income of an impressive $157,615, more than double the national average, reflecting a community of high earners enjoying a premium quality of life. Despite this affluence, the housing market remains surprisingly accessible, with a median home value of $438,700, making it a compelling option compared to other affluent suburbs. The village's reputation as family-friendly is well-earned, with excellent schools, numerous parks, and a calendar packed with community events, creating a welcoming atmosphere for residents of all ages.
From an investment perspective, Frankfort offers a stable and attractive real estate market. While specific unemployment data isn't available, the high median income suggests a robust local economy. The village's low crime rates contribute to a secure environment, making it ideal for families seeking safety and peace of mind. The strong community focus, coupled with the proximity to Chicago and other major employment centers, positions Frankfort as a desirable place to live and invest. Whether you're a young family seeking a starter home or an established professional looking for a long-term investment, Frankfort provides a unique blend of affordability, opportunity, and quality of life.
Frankfort village, Illinois at a Glance
Frankfort village is a city in Illinois with a population of approximately 20,260. The median home value is $438,700 and the median household income is $157,615. It has a Walk Score of 0 out of 100, indicating car dependency. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively Moderate." Median rent is $1,354 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$438,700
Median Income
$157,615
Population
20,260
Walk Score
0
Air Quality
AQI 43
Good
Climate Risk
Relatively Moderate
Fair
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- Population
- 20,260
- Median Age
- N/A
- Median Household Income
- $157,615
111% above nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 3.0%
76% below nat'l avg
- Median Home Value
- $438,700
56% above nat'l avg
- Median Rent
- $1,354
16% above nat'l avg
- Homeownership Rate
- 90.0%
37% above nat'l avg
- Affordability Index
- 218
118% above nat'l avg
- Violent Crime Rate
- 1.2 per 1K
67% below nat'l avg
- Property Crime Rate
- 3.7 per 1K
81% below nat'l avg
- AQI
- 43
Near nat'l avg
- Category
- Good
- Overall Risk
- Relatively Moderate
- Risk Score
- 73.10
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 15.0¢/kWh
10% below nat'l avg
- Est. Monthly Electric
- $135
Near nat'l avg
- Total Schools
- 2
- Elementary
- 1
- Middle
- 0
- High School
- 1
- Avg. Enrollment
- 449
- Student-Teacher Ratio
- 15.2:1
- Free/Reduced Lunch
- 23.1%
- Title I Schools
- 0%
Student Demographics
Nearby Schools
- Unemployment Rate
- 3.8%
3% above nat'l avg
- Poverty Rate
- 3.0%
76% below nat'l avg
Weather & Climate in Frankfort village
Avg High
63°F
Avg Low
45°F
Annual Rainfall
37.7"
Avg Humidity
69%
Political Landscape
→ Politically stable
Based on McLean County county-level presidential election data
Culture & Things to Do in Frankfort village
Frankfort Fall Fest
Annual festival with live music, food vendors, and family activities.
Frankfort Bluegrass Festival
A popular event featuring bluegrass music performances.
Frankfort Farmers Market
Weekly market offering local produce, crafts, and food.
Frankfort Fourth of July Celebration
Annual Independence Day celebration with fireworks and festivities.
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