Why Live in Frankfort Square
Frankfort Square, located about 30 miles south of downtown Chicago and 4 miles northeast of Frankfort, is known for its collection of starter homes and smaller residences compared to its neighboring suburb. The area is served by highly rated schools, including Frankfort Square Elementary School, Walker Intermediate School, Summit Hill Junior High, and Lincoln-Way East High School, which boasts a 97% graduation rate. Homes in Frankfort Square range from 1970s-built single-family houses to condos and townhouses, with styles including split-level, ranch, and raised ranch. The neighborhood features its own park district, managing green spaces like Frankfort Square Community Park, which offers a fishing pier, walking trails, pickleball courts, and a playground. Island Prairie Park includes a splash park and hosts live music during summer evenings, while Indian Boundary South Park has a disc golf course. For golf enthusiasts, Square Links Golf Course provides a traditional golfing experience with a practice center. Dining options in Frankfort Square include My Taco, known for its steak tacos and tamales, and Pete Mitchell’s Bar & Grill, a local spot for food and sports. Larger dining venues are available in nearby Frankfort. Although some streets have sidewalks, a car is necessary for most transportation needs, with the Mokena Metra station about 5 miles away for a 50-minute train ride to downtown Chicago. Public bus services are accessible a few miles north via the Pace suburban bus service.
Frequently Asked Questions
Is Frankfort Square a good place to live?
Frankfort Square is a good place to live, receiving 3.9 stars from its residents. Frankfort Square is considered car-dependent and bikeable. Frankfort Square is a suburban neighborhood with a crime score of 2, making it safer than the average neighborhood in the U.S. Frankfort Square has 9 parks for recreational activities. It is fairly sparse in population with 4.4 people per acre and a median age of 40. The average household income is $124,433 which is above the national average. College graduates make up 35.6% of residents. A majority of residents in Frankfort Square are home owners, with 8.6% of residents renting and 91.4% of residents owning their home. A
local real estate agent serving Frankfort Square can help you decide if this neighborhood is the right one for you. Learn more on our
Frankfort Square neighborhood guide.
Is Frankfort Square, IL a safe neighborhood?
Frankfort Square, IL is safer than the average neighborhood in the United States. It received a crime score of 2 out of 10.
How much do you need to make to afford a house in Frankfort Square?
The median home price in Frankfort Square is $360,000. If you put a 20% down payment of $72,000 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,870 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $80K a year to afford the median home price in Frankfort Square. The average household income in Frankfort Square is $124K.
What are the best public schools in Frankfort Square?
The best public schools that serve Frankfort Square are:
What are the best private schools in Frankfort Square?
The best private schools that serve Frankfort Square are:
What are the most popular zip codes in Frankfort Square, Frankfort, IL?
What are the most popular neighborhoods near Frankfort Square, Frankfort, IL?
Home Trends in Frankfort Square, IL
On average, homes in Frankfort Square, Frankfort sell after 19 days on the market compared to the national average of 50 days. The median sale price for homes in Frankfort Square, Frankfort over the last 12 months is $362,400, up 12% from the median home sale price over the previous 12 months.
Median Sale Price
$362,400
Median Single Family Sale Price
$361,800
Median Townhouse Sale Price
$284,000
Median 2 Bedroom Sale Price
$240,950
Median 1 Bedroom Sale Price
$235,000
Average Price Per Sq Ft
$206
Number of Homes for Sale
11
Last 12 months Home Sales
122
Median List Price
$360,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
12%