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West Frankfort

Learn about the people, housing, costs and businesses in West Frankfort, Illinois

Median Home$81,484
Median Rent$648/month
Population7,006
Leading IndustriesFinance & Insurance · Information & Media · Transportation9% finance & insurance
Home Value Growth⬆⬆+20.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners63% of occupied units
NotableAffordable Market$81k median home · lower cost than 97% of the country
West Frankfort
IL

Frequently Asked Questions

What are today's mortgage rates in West Frankfort?

As of today, the 30-year fixed mortgage rate for West Frankfort is approximately 7.569% (7.591% 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 West Frankfort
What is the median home price in West Frankfort?

The median home value in West Frankfort is $81k. The median monthly rent is $648. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in West Frankfort?

Home values in West Frankfort have increased 20.6% 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 West Frankfort?

Based on a typical all-in ownership cost of $692/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in West Frankfort is $47k/year.

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What industries drive the economy in West Frankfort?

The largest employment sectors in West Frankfort are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.