From January to March, 46 homes sold in Frankfort for a median price of $375,000. That's 0.5 percent higher than median home sale prices for the first quarter of 2017.
In the first quarter, 1 home in Frankfort was in foreclosure.
Median property tax for homeowners in Frankfort was $0 in 2017 according to tax data from that year. That means homeowners pay 0 percent of their home's value in taxes.
Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.
Frankfort real estate: Q1 2009-2018
Properties sold
Median sale price
Change in sale price
2009
51
$427,050
-
2010
76
$319,770
-25.1%
2011
55
$358,775
12.2%
2012
77
$299,750
-16.5%
2013
96
$295,380
-1.5%
2014
79
$291,500
-1.3%
2015
39
$291,500
0%
2016
75
$325,500
11.7%
2017
88
$373,065
14.6%
2018
46
$375,000
0.5%
Median property tax
Median sale price
Effective property tax rate
2010
$8,157.63
$319,770
2.6%
2011
$10,890.53
$358,775
3%
2012
$8,922.58
$299,750
3%
2013
$8,302.53
$295,380
2.8%
2014
$8,557.95
$291,500
2.9%
2015
$8,487.71
$291,500
2.9%
2016
$9,143.54
$325,500
2.8%
2017
$0
$373,065
0%
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