What is the median home value in Frankfort Township (Will County), IL?

Name: Home values in Frankfort Township (Will County), IL, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Frankfort Township (Will County), IL is $389,800 (±$9,896), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Frankfort Township (Will County), the median home value went from $309,900 in 2015–2019 to $389,800 in 2020–2024 (+25.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $389,800 (±$9,896)
Owner-occupied homes: 19,575 (±432)
Most common range: $300,000 to $499,999

Home values in Frankfort Township (Will County)

Owner-occupied homes by value, 2020–2024
Value	Frankfort Township (Will County)	Will County	Illinois	United States
Less than $50,000	2.2% (±0.8 points)	3.0%	5.4%	5.3%
$50,000 to $99,999	1.2% (±0.6 points)	1.9%	8.3%	6.1%
$100,000 to $149,999	2.5% (±0.8 points)	4.1%	9.7%	6.8%
$150,000 to $199,999	2.2% (±0.6 points)	8.6%	11.8%	9.0%
$200,000 to $299,999	19.2% (±2.1 points)	27.9%	22.3%	17.8%
$300,000 to $499,999	49.0% (±2.4 points)	38.7%	27.7%	26.9%
$500,000 to $999,999	22.8% (±2.3 points)	14.8%	12.1%	20.9%
$1,000,000 or more	0.9% (±0.4 points)	1.1%	2.7%	7.1%

The most common range is $300,000 to $499,999, 49.0% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Frankfort Township (Will County) against Will County, its state and the nation

Estimate (90% margin of error)
	Frankfort Township (Will County)	Will County	Illinois	United States
Median home value	$389,800 (±$9,896)	$319,600 (±$3,152)	$263,300 (±$797)	$332,700
Owner-occupied homes	19,575 (±432)	202,150 (±1,705)	3,378,910 (±14,728)	84,210,142

In Frankfort Township (Will County), the median home value is higher than in Will County ($319,600).

It is also higher than in Illinois ($263,300).

It is higher than the national figure ($332,700).

In Will County, Frankfort Township (Will County) ranks 10 of 57 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 126 of 2,652.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Frankfort Township (Will County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$309,900 (±$6,053)	$389,800 (±$9,896)	+25.8%	No measurable change after inflation
Median owner cost with a mortgage	$2,280 (±$51)	$2,529 (±$113)	+10.9%	Down after inflation
Median real estate taxes	$7,818 (±$229)	$9,178 (±$285)	+17.4%	Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Frankfort Township (Will County)

Nearest places with a published estimate, compared with Frankfort Township (Will County)
Place	Distance	Median home value	Compared with this place
Frankfort Township (Will County)	—	$389,800 (±$9,896)	—
Frankfort	1.3 mi	$481,200 (±$18,699)	Higher
Arbury Hills	1.5 mi	$230,200 (±$12,586)	Lower
Mokena	2.0 mi	$401,400 (±$19,252)	Not measurably different
Frankfort Square	2.3 mi	$305,800 (±$16,111)	Lower
Tinley Park	4.4 mi	$299,900 (±$7,515)	Lower
Matteson	5.2 mi	$250,600 (±$19,771)	Lower
Orland Hills	5.3 mi	$280,300 (±$20,347)	Lower
Rich Township	5.9 mi	$223,900 (±$8,307)	Lower

Nearby places with a measurably lower figure: Arbury Hills, IL ($230,200), Frankfort Square, IL ($305,800), Tinley Park, IL ($299,900).

Nearby places with a measurably higher figure: Frankfort, IL ($481,200).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Will County, place by place

Rank	Place	Median home value
4	Plainfield	$431,400 (±$8,217)
5	Homer Glen	$418,800 (±$10,843)
6	Wilton Township	$415,900 (±$74,399)
7	Homer Township	$409,700 (±$11,204)
8	Mokena	$401,400 (±$19,252)
9	New Lenox	$399,900 (±$11,660)
10	Frankfort Township (Will County)	$389,800 (±$9,896)
11	New Lenox Township	$388,100 (±$9,437)
12	Manhattan Township	$346,800 (±$23,092)
13	Shorewood	$337,800 (±$15,754)
14	Manhattan	$332,600 (±$22,830)
15	Channahon	$327,900 (±$16,810)
16	Channahon Township	$327,100 (±$15,213)

Showing 13 of 57 places in Will County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Frankfort Township (Will County)

What is the average home value in Frankfort Township (Will County), IL?

The Census Bureau publishes the median: $389,800 (±$9,896) for owner-occupied homes in Frankfort Township (Will County) (2020–2024 American Community Survey).

Have home values in Frankfort Township (Will County) gone up?

In Frankfort Township (Will County), the median home value went from $309,900 in 2015–2019 to $389,800 in 2020–2024 (+25.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Frankfort Township (Will County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Frankfort township, Will County, Illinois (county subdivision:27631, in state:17 county:197).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.