Frankfort, IL Real Estate

According to census data in the year 2000 there were 3,577 housing units in Frankfort. This represents a 54.4% growth from 2,317 in 1990.

Of those housing units, 3,462 were located in either urbanized areas or urban clusters, and 115 were located in what is classified as a rural area.

Homeownership rate in Frankfort is about 92.3%. Frankfort's vacancy rate, including seasonal lodging, is about 4.4%. Average household size is 2.94 people.

The majority of houses, apartments or condos in Frankfort were built after 1983.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2.50%
Two Bedrooms13.90%
Three Bedrooms42%
Four Bedrooms32.50%
Five Bedrooms or more9%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size3.01
Median year structure was built1985
Median Value of occupied units$245,900
Median Price asked for vacant units$287,500

Rented Homes, Apartments and Condos

Average Household Size2.11
Median year structure was built1971

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage6%
Home Equity Loan13%
Simple Mortgage58.30%
Debt Free22.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs20.8%