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Frankfort Community Consolidated School District 157C

Learn about the people, housing, costs and businesses in Frankfort Community Consolidated School District 157C, Illinois

Median Home$447,539
Median Rent$1,710/month
Population21,603
Leading IndustriesArts, Food & Hospitality · Public Administration · Healthcare11% arts, food & hospitality
Home Value Growth⬆⬆+18.6% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners94% of occupied units
NotableHighly Educated28% bachelor's · 18% graduate · top 7% nationally
NotableHigh Incomes$134k/year · top 14% nationally
Frankfort Community Consolidated School District 157C
IL

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Frequently Asked Questions

What are today's mortgage rates in Frankfort Community Consolidated School District 157C?

As of today, the 30-year fixed mortgage rate for Frankfort Community Consolidated School District 157C is approximately 6.838% (6.843% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Frankfort Community Consolidated School District 157C
What is the median home price in Frankfort Community Consolidated School District 157C?

The median home value in Frankfort Community Consolidated School District 157C is $448k. The median monthly rent is $1,710. Annual property taxes average $9k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frankfort Community Consolidated School District 157C?

Home values in Frankfort Community Consolidated School District 157C have increased 18.6% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Frankfort Community Consolidated School District 157C?

Based on a typical all-in ownership cost of $2,265/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $97k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frankfort Community Consolidated School District 157C is $134k/year.

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What industries drive the economy in Frankfort Community Consolidated School District 157C?

The largest employment sectors in Frankfort Community Consolidated School District 157C are public administration (26%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.