Frankfort, Illinois is a part of the Joliet Submarket submarket area, and contains zip code 60423.
The 2019 average effective rent for Class A, B, and C apartments in the Frankfort, IL submarket area was $1,122, which is 23.57% higher than 2014 average rent. This represents a compounded annual growth rate of 4.32%. 2019 vacancy in Frankfort, IL was 6.80%.
The total population of the city of Frankfort, IL has grown 7.85% since 2010. As of 2018, the population was 19,178. The median household income of the Frankfort was $128,309, which is 112.81% higher than the national average.