Frankfort, IL Real Estate
According to census data in the year 2000 there were 3,577 housing units in Frankfort.
This represents a 54.4% growth from 2,317 in 1990.
Of those housing units, 3,462 were located in either urbanized areas or urban clusters, and 115 were located in what is classified as a rural area.
Homeownership rate in Frankfort is about 92.3%.
Frankfort's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 2.94 people.
The majority of houses, apartments or condos in Frankfort were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.50% |
| Two Bedrooms | 13.90% |
| Three Bedrooms | 42% |
| Four Bedrooms | 32.50% |
| Five Bedrooms or more | 9% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.01 |
| Median year structure was built | 1985 |
| Median Value of occupied units | $245,900 |
| Median Price asked for vacant units | $287,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.11 |
| Median year structure was built | 1971 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6% |
| Home Equity Loan | 13% |
| Simple Mortgage | 58.30% |
| Debt Free | 22.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.8% |
