What percentage of people rent in Frankfort Township (Will County), IL?
6.9% (±1.2 points) of the occupied homes in Frankfort Township (Will County), IL are rented (2020–2024 American Community Survey).
That is 1,457 renting households against 19,575 that own their home.
In Frankfort Township (Will County), the share of households that rent went from 8.3% in 2015–2019 to 6.9% in 2020–2024 (−1.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 6.9% (±1.2 points)
- Renting households
- 1,457 (±262)
- Median renter income
- $68,574 (±$17,061)
Who rents and who owns in Frankfort Township (Will County)
| Frankfort Township (Will County) | Will County | Illinois | United States | |
|---|---|---|---|---|
| Renter-occupied share | 6.9% (±1.2 points) | 17.2% (±0.6 points) | 32.9% (±0.2 points) | 34.8% |
| Renting households | 1,457 (±262) | 42,123 (±1,561) | 1,657,539 (±10,322) | 45,017,354 |
| Owning households | 19,575 (±432) | 202,150 (±1,705) | 3,378,910 (±14,728) | 84,210,142 |
| Average renter household size | 2.1 (±0.3) | 2.4 (±0.1) | 2.2 (±0.0) | 2.3 |
| Average owner household size | 2.9 (±0.1) | 2.9 (±0.0) | 2.6 (±0.0) | 2.6 |
| Median renter household income | $68,574 (±$17,061) | $53,701 (±$2,319) | $50,420 (±$471) | $52,966 |
| Median owner household income | $138,160 (±$7,013) | $123,406 (±$1,822) | $103,505 (±$377) | $100,009 |
In Frankfort Township (Will County), the renter share is lower than in Will County (17.2%).
It is also lower than in Illinois (32.9%).
It is lower than the national figure (34.8%).
In Will County, Frankfort Township (Will County) ranks 44 of 57 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 2334 of 2,751.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Frankfort Township (Will County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 8.3% (±1.1 points) | 6.9% (±1.2 points) | −1.4 percentage points | Not a measurable change |
| Median gross rent | $1,201 (±$104) | $1,449 (±$148) | +20.6% | No measurable change after inflation |
| Median household income | $109,798 (±$5,232) | $134,769 (±$7,113) | +22.7% | No measurable change 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.
Households that rent in places near Frankfort Township (Will County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Frankfort Township (Will County) | — | 6.9% (±1.2 points) | — |
| Frankfort | 1.3 mi | 5.2% (±2.4 points) | Not measurably different |
| Arbury Hills | 1.5 mi | 2.7% (±4.4 points) | Not measurably different |
| Mokena | 2.0 mi | 9.4% (±2.1 points) | Higher |
| Frankfort Square | 2.3 mi | 4.8% (±3.1 points) | Not measurably different |
| Tinley Park | 4.4 mi | 13.1% (±1.7 points) | Higher |
| Matteson | 5.2 mi | 22.6% (±5.7 points) | Higher |
| Orland Hills | 5.3 mi | 21.6% (±4.8 points) | Higher |
| Rich Township | 5.9 mi | 25.5% (±2.1 points) | Higher |
Nearby places with a measurably higher figure: Mokena, IL (9.4%), Tinley Park, IL (13.1%), Matteson, IL (22.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Will County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 38 | Channahon | 9.9% (±3.4 points) |
| 39 | Mokena | 9.4% (±2.1 points) |
| 40 | Wheatland Township (Will County) | 8.7% (±1.4 points) |
| 41 | New Lenox | 7.6% (±1.6 points) |
| 42 | Green Garden Township | 7.1% (±6.8 points) |
| 43 | Monee | 7.0% (±5.6 points) |
| 44 | Frankfort Township (Will County) | 6.9% (±1.2 points) |
| 45 | Channahon Township | 6.6% (±3.5 points) |
| 46 | New Lenox Township | 6.5% (±1.4 points) |
| 47 | Homer Township | 6.3% (±1.5 points) |
| 48 | Frankfort | 5.2% (±2.4 points) |
| 49 | Homer Glen | 5.1% (±1.6 points) |
| 50 | Frankfort Square | 4.8% (±3.1 points) |
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.
What you can do on Seayora in Frankfort Township (Will County)
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Questions about Frankfort Township (Will County)
How many renters are there in Frankfort Township (Will County)?
Frankfort Township (Will County) has an estimated 1,457 (±262) renting households, 6.9% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Frankfort Township (Will County)?
In Frankfort Township (Will County), the share of households that rent went from 8.3% in 2015–2019 to 6.9% in 2020–2024 (−1.4 percentage points), not a measurable change.
How big are renting households in Frankfort Township (Will County)?
A renting household in Frankfort Township (Will County) has 2.1 people on average, against 2.9 in an owned home.
How much do renters earn in Frankfort Township (Will County)?
The median renting household in Frankfort Township (Will County), IL has an income of $68,574 (±$17,061) a year, against $138,160 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Frankfort township, Will County, Illinois
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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.
Figures last updated on .
Related
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- Rent burden in Frankfort Township (Will County)
- Income and affordability in Frankfort Township (Will County)
- Home values in Frankfort Township (Will County)
- Homeowner costs in Frankfort Township (Will County)
- Property taxes in Frankfort Township (Will County)
- Types of homes in Frankfort Township (Will County)
- Bedrooms in Frankfort Township (Will County)
- Age of homes in Frankfort Township (Will County)
- Vacancy rate in Frankfort Township (Will County)
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- Population growth in Frankfort Township (Will County)
- How long people stay in Frankfort Township (Will County)
- Crowding and facilities in Frankfort Township (Will County)
- Fair Market Rent in Frankfort Township (Will County)
- Illinois landlord and tenant rules
- Housing across Will County
- Illinois places ranked by share of renters
- Housing data for every place in Illinois