October's First-Time Homebuyer Report for Frankfort Square

Frankfort Square is a small city in Illinois with a median income of $84,027 per household. Besides being very affluent, its population is much older than others with a median age of 34 years. The Frankfort Square market is primarily made up of detached homes, currently accounting for 72% overall. The top school in the city is Summit Hill Junior High School.

Price Range

Homes in Frankfort Square are generally more expensive than others in the state with a median home value of $172,300 and an average list price of $211,322. The Frankfort Square market saw sales decline 13.3% this week but it is currently in the midst of an emerging upward sales trend, including 13 homes sold over the last 30 days.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Frankfort Square:

$296K   $154K   $110K  

Typical Dwelling

A three-bedroom detached home valued around $214,491 is considered a typical dwelling in Frankfort Square. If a buyer was looking for a similar home, they would need good credit and a $42,898 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,057 and the property tax rate is $18.40 per $1,000 of taxable assessed value.

Get started right now by checking out Frankfort Square homes for sale or reviewing Frankfort Square real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
CRIS Realty
Snapped 2 homes in this area
HomeSmart Realty Group
Snapped 4 homes in this area

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