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ZipNumbers

Illinois · Census place 27624

Frankfort village, IL

Quick answer

Frankfort village has 20,417 residents, ranking #120 of 1462 places in Illinois. Median household income is $153,714, the median home is worth $461,600 and median gross rent runs $2,175 a month.

Population
20,417Frankfort village residents
Median household income
$153,714Past 12 months, inflation adjusted
Median home value
$461,600Owner-occupied units
Median gross rent
$2,175Rent plus utilities, monthly
Median age
41.8 yrsAll residents
Homeownership rate
94.7%Owner-occupied households

What the numbers mean in Frankfort village

Housing cost measured against local earnings.

A household earning the Frankfort village median would spend about 17% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 4.4% of residents and 94.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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