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Median Home Price in Frankfort, IL

The median home value in Frankfort, IL is $504,289 as of 2026-06-30, up 3.46% from a year earlier.

Median Home Value

$504,289

Year-over-Year

+3.46%

Population

21,108

Frankfort ranks #37 of 279 Illinois cities tracked here by median home value, and sits 58.4% above the state's city median of $318,423. It sits in Will County, where the county-wide median is $379,266.

Crime in Frankfort

Frankfort police recorded a violent crime rate of 33 per 100,000 residents in 2024 — lower than most cities that report to the FBI. Property crime runs at 668 per 100,000.

Reported by the city's own police department to the FBI's Uniform Crime Reporting Program (what this covers).

Common questions about Frankfort

How much does a house cost in Frankfort, IL?

The median home value in Frankfort is $504,289. That's up 3.46% from a year earlier. That is about 58.4% above the typical county in Illinois.

Is Frankfort expensive compared to the surrounding area?

Homes in Frankfort are more expensive than Will County as a whole, where the median is $379,266 — a difference of about 33.0%.

Is Frankfort a safe place to live?

Frankfort police reported 33 violent crimes per 100,000 residents, covering a population of about 21,108. Crime rates are one input among many — they vary block to block within a city, and this figure is a citywide average.