What is the rental vacancy rate in Frankfort Township (Will County), IL?

The rental vacancy rate in Frankfort Township (Will County), IL is 13.1% (±9.3 points) (2020–2024 American Community Survey).

The homeowner vacancy rate is 0.6% (±0.5 points).

582 (±219) homes, 2.7% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.

In Frankfort Township (Will County), the rental vacancy rate went from 12.9% in 2015–2019 to 13.1% in 2020–2024 (+0.2 percentage points), not a measurable change.

Figures last updated on .

Rental vacancy rate
13.1% (±9.3 points)
Homeowner vacancy rate
0.6% (±0.5 points)
Vacant homes
582 (±219)

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

Estimate (90% margin of error)
Frankfort Township (Will County)Will CountyIllinoisUnited States
Rental vacancy rate13.1% (±9.3 points)3.7% (±0.9 points)5.0% (±0.2 points)5.5%
Homeowner vacancy rate0.6% (±0.5 points)0.5% (±0.1 points)1.0% (±0.1 points)0.9%
Vacant housing units582 (±219)10,005 (±797)421,003 (±7,877)14,547,859

The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.

In Frankfort Township (Will County), the rental vacancy rate is higher than in Will County (3.7%).

It is not measurably different from Illinois (5.0%).

It is not measurably different from the national figure (5.5%).

Rental vacancy rate in places near Frankfort Township (Will County)

Nearest places with a published estimate, compared with Frankfort Township (Will County)
PlaceDistanceRental vacancy rateCompared with this place
Frankfort Township (Will County)—13.1% (±9.3 points)—
Frankfort1.3 mi0.0% (±10.0 points)Not measurably different
Arbury Hills1.5 mi0.0% (±85.1 points)Not measurably different
Mokena2.0 mi20.5% (±14.4 points)Not measurably different
Frankfort Square2.3 mi0.0% (±21.3 points)Not measurably different
Tinley Park4.4 mi5.5% (±3.8 points)Not measurably different
Matteson5.2 mi0.0% (±2.2 points)Lower
Orland Hills5.3 mi0.0% (±7.0 points)Lower
Rich Township5.9 mi2.3% (±1.7 points)Lower

Nearby places with a measurably lower figure: Matteson, IL (0.0%), Orland Hills, IL (0.0%), Rich Township, IL (2.3%).

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

Rental vacancy rate across Will County, place by place

RankPlaceRental vacancy rate
1Godley20.8% (±28.5 points)
2Mokena20.5% (±14.4 points)
3Shorewood18.5% (±19.3 points)
4Frankfort Township (Will County)13.1% (±9.3 points)
5Homer Glen12.6% (±13.8 points)
6Troy Township11.6% (±6.0 points)
7Channahon Township11.3% (±16.8 points)
8Elwood10.4% (±16.6 points)
9Homer Township9.9% (±8.2 points)
10New Lenox Township9.2% (±10.0 points)

Showing 10 of 55 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)

Is it hard to find a rental in Frankfort Township (Will County)?

The rental vacancy rate in Frankfort Township (Will County), IL is 13.1% (±9.3 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.

Is the rental market in Frankfort Township (Will County) tighter than it was?

In Frankfort Township (Will County), the rental vacancy rate went from 12.9% in 2015–2019 to 13.1% in 2020–2024 (+0.2 percentage points), not a measurable change.

How many homes are vacant in Frankfort Township (Will County)?

An estimated 582 (±219) housing units, 2.7% of the total, including seasonal homes and homes waiting to be sold or rented.

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 DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM

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 .

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