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Affordable
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These days, finding an affordable place to live in the Frankfort Square area can be challenging. Home prices in Frankfort Square are now at a median cost of $314,325, higher than the Illinois average of $300,242.
The average cost of rent is $1,603/mo in Frankfort Square, primarily driven by the current value of real estate in the Frankfort Square area. In Frankfort Square, 4.73% of households rent, and 23.80% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort Square is $10,436 per month. Households that rent pay about 15.36% of their income on rent here. Frankfort Square’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lincoln Estates, IL: less expensive homes
- Matteson, IL: less expensive homes
- Frankfort, IL: higher priced homes
- Tinley Park, IL: equally priced homes
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- Richton Park, IL: less expensive homes
- Orland Hills, IL: less expensive homes
- Country Club Hills, IL: less expensive homes
- Olympia Fields, IL: equally priced homes
- Flossmoor, IL: equally priced homes
Cities with Similar Populations
- Laurel Hill, VA: higher priced homes
- Lamar, CO: less expensive homes
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- Westville, NJ: less expensive homes
- Westville, IN: less expensive homes
- Lanoka Harbor, NJ: higher priced homes
- Westport, MA: higher priced homes
- Lasalle, IL: less expensive homes
- Laughlin, NV: less expensive homes
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