Home prices
The value of the median home in Frankfort is $384,900. Compared to nearby areas this is approximately $167,840 (77%) higher.It is roughly $167,400 (76%) higher in comparison to the entire nation, and it is roughly $126,900 (49%) higher compared to the city of Chicago.
Rents
In Frankfort the median monthly rent is $1,240. This is about $79 (6%) higher in comparison to nearby areas.Compared to the entire nation it is about $178 (16%) higher, and compared to the city of Chicago is roughly $128 (11%) higher.
Nearby places
Frankfort Square
Frankfort Square is Frankfort's neighbor to the northeast. The real estate prices there are significantly less expensive. The median home in Frankfort Square is valued at $223,600, which works out to $161,300 (72%) lower than Frankfort. Its rents are fairly similar. Frankfort Square's median monthly rent is $1,220, which works out to $20 (1%) lower than Frankfort.
Mokena
Mokena is Frankfort's neighbor to the northwest. Real estate prices there are a little less expensive. Mokena's median home price is $319,200, which comes out to $65,700 (20%) lower than Frankfort. The rent there is a bit less expensive. In Mokena the median monthly rent is $1,085, which works out to $155 (14%) lower than Frankfort.
Matteson
Matteson is Frankfort's neighbor to the east. The real estate prices there are substantially less expensive. Matteson's median home price is $165,100, which comes out to $219,800 (133%) lower than Frankfort. The rent there is pretty similar. The median monthly rent in Matteson is $1,227, which comes out to $13 (1%) lower than Frankfort.
Richton Park
Richton Park is Frankfort's neighbor to the east. Its real estate prices are substantially less expensive. Richton Park's median home value is $146,000, which is $238,900 (163%) lower than Frankfort. Its rents are a bit less expensive. In Richton Park the median rent is $1,073 per month, which works out to $167 (15%) lower than Frankfort.
Tinley Park
Tinley Park is Frankfort's neighbor to the north. Housing prices there are a lot less expensive. The median home in Tinley Park is valued at $231,400, which is $153,500 (66%) lower than Frankfort. Rent there is similar. The median monthly rent in Tinley Park is $1,198, which works out to $42 (3%) lower than Frankfort.
