Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Frankfort village, Illinois?
City · Census ACS 5-Year estimates
The median gross rent in Frankfort village, Illinois is $2,442/month (±$882), based on Census ACS 5-Year estimates (2024). The median home value is $481,200 (±$18,699), and the median household income is $154,375/year. The unemployment rate in Will County, Illinois was 4.9% as of April 2026 (preliminary). Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Housing Metrics for Frankfort village, Illinois
| Metric | Value |
|---|---|
| Median Gross Rent | $2,442 |
| Median Home Value | $481,200 |
| Median Household Income | $154,375 |
| Total Housing Units | 6,789 |
| Renter-Occupied Units | 356 |
| Renter-Occupied Share | 5% |
| Households Paying 50%+ Income | 72 households |
| Unemployment Rate(April 2026) | 4.9% |
How does Frankfort village, Illinois compare?
Median gross rent ranked against all cities in Illinois.
Higher rent than 98% of cities in Illinois · 19th of 1136
| # | City | Value |
|---|---|---|
| 1 | Burr Ridge village | $3,501 |
| 1 | Bull Valley village | $3,501 |
| 1 | Indian Creek village | $3,501 |
| … 15 more … | ||
| 19 | Frankfort village(you are here) | $2,442 |
| … 1114 more … | ||
| 1134 | Royal Lakes village | $280 |
| 1135 | Elizabethtown village | $241 |
| 1136 | Colp village | $99 |
More data for Frankfort village, Illinois
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Frequently asked questions
What is the average rent in Frankfort village, Illinois?
The median gross rent in Frankfort village, Illinois is $2,442/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Frankfort village, Illinois?
The median rent for a 2-bedroom in Frankfort village, Illinois is not available based on Census ACS 5-Year estimates (2024). Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Frankfort village, Illinois?
The median home value in Frankfort village, Illinois is $481,200 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Frankfort village are rent-burdened?
In Frankfort village, Illinois, 72 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Frankfort village, Illinois?
The median household income in Frankfort village, Illinois is $154,375/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $2,442 has a margin of error of ±$882. In very small areas, MOEs can be large relative to the estimate.
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