Frankfort Neighborhoods

Neighborhood Name# of Homes for saleMedian Home $HOA Fees

Around Frankfort

Notable For

Frankfort is known for being a quaint town. Neighbors tend to know each other, and residents get involved in community events throughout the year. The village has been ranked as one of the nation’s fastest-growing suburbs, and in 2014 was recognized by Chicago Magazine as one of Chicago’s best places to live. Frankfort provides easy access to outdoor activities, community involvement, and award-winning schools. It’s also far enough away from the city of Chicago to escape some of the drawbacks of city life, but close enough to commute and take advantage of the city’s world-class shopping and entertainment.

Cost of Living

This growing community is a popular place to call home, and the cost of living in Frankfort is higher than the state average. While home values are the main reason behind the area’s higher cost of living, residents here tend to have a higher income than the state average. Frankfort also has some of the lowest tax rates in the area, and offers residents continuing economic development and excellent schools.


Unlike neighboring areas, Frankfort doesn’t have a local Metra train station. However, Metra stops are available in the nearby suburbs of Tinley Park and Mokena, and the I-57 connects residents with downtown Chicago, which is about 35 miles away. Frankfort is also just several miles south of I-80 and connects with the northwest suburbs via I-355. Midway International Airport is about 30 miles away.


Frankfort is served by school districts 161 and 157C. These districts include primary, intermediate, and junior high schools, as well as two high schools — The Lincoln-Way High School and Lincoln-Way East Community High School. Frankfort schools are award-winning and tend to rank highly on GreatSchools, and Frankfort is also home to Lincoln-Way Area Special Education District 843, dedicated to students with special education needs. While there are no colleges or universities located in Frankfort, several higher education institutions are within an easy commuting distance, including Joliet Junior College, Prairie State College, and Lewis University.


The Frankfort Park District and Frankfort Chamber of Commerce host numerous events every year for residents to enjoy. The downtown Frankfort Country Market offers locally grown produce, gourmet products, and live entertainment, and runs from April through October. The annual Frankfort Fall Fest attracts locals and visitors each Labor Day weekend, featuring artisans from around the country, food, live music, and entertainment for all ages. There are also a number of smaller events that take place here throughout the year, including the Fourth of July Celebration, Movies on the Green, the Trunk or Treat Halloween event, and the annual Tree Lighting Ceremony, among many others.

Frankfort is home to both the Frankfort Historical Society Museum and KidsWork Children’s Museum, and Frankfort’s Old Plank Road Trail offers 21 miles of nature and greenery for bikers, hikers, and walkers, along with excellent views of the surrounding area. The downtown historic district offers unique boutiques, restaurants, and boasts a low sales tax, allowing residents to take full advantage of local shopping.


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28 Schools

Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.


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