Housing in Frankfort, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$585,000
Median List Price
$640,000
Price Per Sq Ft
$212
Days on Market
69
Active Inventory
46
Months of Supply
4.6
Balanced market
Zillow Home Value
$477,067
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
20.0%
Off Market in 2 Weeks
23.5%
Sale-to-List Ratio
97.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
10
New Listings
21
Pending Sales
17
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$212
Median List $/SF
$237
Frankfort vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Frankfort is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$461,600
Median Rent
$2,175
Total Housing Units
6,922
Vacancy Rate
4.8%
Owner Occupied
94.8%
Renter Occupied
5.3%
Median Property Tax
$10,001
per year
Monthly Cost (w/ Mortgage)
$2,532
Housing Types
The current median sale price in Frankfort, IL is $585,000 according to Redfin data. Homes spend a median of 69 days on the market. 20.0% of homes sold above asking price. The market has 4.6 months of supply. The median price per square foot is $212. The median rent is $2,175 per month (Census ACS). About 94.8% of housing units are owner-occupied. The median year homes were built is 2000. There are 6,922 total housing units.