House Prices

House Prices & Home Values Frankfort, IL 2026


Average Data

average house price$820,643
average size per house3786 ft²
average price per ft²217 $ / ft²

04/17/2026 - The value range (VR) for house prices in Frankfort, IL is $167/ sqft to $167/ sqft. An average home with 3786 sqft costs approximately $632,262 to $632,262. Frankfort, IL includes 1 ZIP codes and it is located in Will county. The lowest prices are found in ZIP 60423, while the highest are in ZIP 60423. The average price per sqare feet is $217. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Frankfort

60423164 $ / ft²




Historical development of home values in Frankfort

Year Estimated value (USD) Change vs. 2025
2010 $381,121 -53.6%
2011 $366,383 -55.4%
2012 $365,397 -55.5%
2013 $379,055 -53.8%
2014 $397,903 -51.5%
2015 $418,325 -49.0%
2016 $440,156 -46.4%
2017 $463,913 -43.5%
2018 $489,560 -40.3%
2019 $512,260 -37.6%
2020 $538,742 -34.4%
2021 $612,761 -25.3%
2022 $714,341 -13.0%
2023 $753,306 -8.2%
2024 $796,886 -2.9%
2025 $820,643 0.0%

Graph: estimated home values in Frankfort over time (USD)



Example: 100% financing house in Frankfort

Loan amount: $820,643

Interest rate: 6.00%

Fixed monthly payment: $4,920.17

Breakdown in the 1st month:
Interest portion: $4,103.22  –  Principal portion: $816.95

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $48,964.44 $10,077.59 $810,565.41
2 $48,342.88 $10,699.16 $799,866.25
3 $47,682.98 $11,359.06 $788,507.20
4 $46,982.37 $12,059.66 $776,447.54
5 $46,238.56 $12,803.47 $763,644.07
6 $45,448.87 $13,593.16 $750,050.90
7 $44,610.47 $14,431.56 $735,619.35
8 $43,720.37 $15,321.67 $720,297.68
9 $42,775.36 $16,266.67 $704,031.01
10 $41,772.07 $17,269.96 $686,761.04
11 $40,706.89 $18,335.14 $668,425.91
12 $39,576.02 $19,466.01 $648,959.90
13 $38,375.40 $20,666.63 $628,293.27
14 $37,100.73 $21,941.30 $606,351.96
15 $35,747.44 $23,294.59 $583,057.37
16 $34,310.68 $24,731.35 $558,326.01
17 $32,785.30 $26,256.73 $532,069.28
18 $31,165.85 $27,876.19 $504,193.10
19 $29,446.50 $29,595.53 $474,597.57
20 $27,621.12 $31,420.92 $443,176.65
21 $25,683.14 $33,358.89 $409,817.76
22 $23,625.64 $35,416.39 $374,401.37
23 $21,441.23 $37,600.80 $336,800.57
24 $19,122.10 $39,919.93 $296,880.63
25 $16,659.92 $42,382.11 $254,498.52
26 $14,045.89 $44,996.14 $209,502.38
27 $11,270.62 $47,771.41 $161,730.97
28 $8,324.19 $50,717.84 $111,013.12
29 $5,196.02 $53,846.01 $57,167.11
30 $1,874.92 $57,167.11 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Frankfort, IL


1500 sqft3900 sqft
Ø selling price$393,856$837,838
Ø fast selling$358,050$754,054
Ø high price sale$429,661$921,621

In 2026, houses in Frankfort, IL will be offered at an average price of $217 per square foot. A 1,500 sqft home priced at $393,856 is 22.56% more expensive per square foot than a 3,900 sqft home priced at $837,838. Home prices in Frankfort, IL vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $580,041. Sellers who can wait longer may achieve a higher price of up to $708,939.


Frankfort, IL: Small-Town Charm in Chicago?s Southwest Suburbs

Overview

Frankfort, IL is a picturesque village in Will County known for its blend of historic charm and modern amenities. Visitors and residents love the walkable Historic Downtown Frankfort, lined with boutiques, restaurants, and seasonal markets.

Things to Do

Top attractions include the Frankfort Country Market, the Creamery, and family-friendly parks that anchor weekend plans.
The village is also famous for the Frankfort Fall Fest, one of the Midwest?s largest craft fairs, drawing crowds each Labor Day weekend.

Parks and Schools

Outdoor enthusiasts enjoy the Old Plank Road Trail, offering miles of biking and running across the prairie landscape. With highly rated schools in Lincoln-Way Community High School District 210 and quality park district programs, Frankfort appeals to families.

Homes and Economy

Housing in Frankfort, Illinois ranges from new construction in planned communities to stately homes on spacious lots, supporting a stable real estate market. The local economy benefits from small businesses, healthcare, and professional services, while nearby industrial corridors expand job options.

Access and Lifestyle

Commute-friendly access via I-80, I-57, and Metra stations in adjacent towns keeps Chicago and O?Hare within practical reach. Whether you?re planning a day trip or a relocation, Frankfort, IL delivers small-town warmth, vibrant events, and lifestyle convenience.



FAQ – Home Values in Frankfort

What is the median home value in Frankfort in 2026?

In 2026, the typical home value in Frankfort is about $820,643 for an average home size of 3786 square feet. This corresponds to an average price of roughly $217 per square foot.

What is the average cost per square foot in Frankfort?

In 2026, homes in Frankfort sell for an average of around $217 per square foot, with a typical range between $167 and $167 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Frankfort is about 3786 square feet, with an estimated 2026 value around $820,643.



Locations close to Frankfort, IL

Gardner, IL99 $ / ft²
Glenwood, IL126 $ / ft²
Harvey, IL60 $ / ft²
Flossmoor, IL111 $ / ft²
Elwood, IL122 $ / ft²
Dwight, IL90 $ / ft²
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