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.
Submarket Area
Avg Rent
Rent Growth
Vacancy
Median Income
Population (2018)
Population Growth
Vs. Nat’l Avg
Zip Code
Joliet Submarket
$1,122
23.57%
6.80%
$128,309
19,178
7.85%
112.81%
60423
Submarket Area Joliet Submarket
Avg Rent $1,122
Rent Growth 23.57%
Vacancy 6.80%
Median Income $128,309
Population (2018) 19,178
Population Growth 7.85%
Vs. Nat’l Avg 112.81%
Zip Code 60423
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By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE.By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.
By providing my number and email, I agree to receive emails, text messages, and phone calls, which may be recorded unless I opt out of such communications. I understand that my consent to be contacted is not a requirement to purchase any product or service and that I can opt out at any time. Message & data rates may apply. Message frequency varies. Subscription may be canceled by texting STOP, END, QUIT, CANCEL or UNSUBSCRIBE. By submitting this form, you agree to receive personalized information. Your information is encrypted, anonymized, and will never be shared.