Home prices
Frankfort Square's median home price is $223,600. Compared to nearby areas it is approximately $25,720 (10%) lower.It is about $6,100 (2%) higher in comparison to the United States as a whole, and is approximately $34,400 (13%) lower in comparison to the city of Chicago.
Rents
Frankfort Square's median monthly rent is $1,220. It is roughly $55 (4%) higher in comparison to its surrounding areas.It is approximately $158 (14%) higher compared to the country as a whole, and is about $108 (9%) higher in comparison to the city of Chicago.
Nearby places
Matteson
Matteson is Frankfort Square's neighbor to the east. Housing prices there are substantially less expensive. The median home in Matteson is valued at $165,100, which works out to $58,500 (35%) lower than Frankfort Square. Rent there is similar. The median monthly rent in Matteson is $1,227, which is very similar to Frankfort Square.
Frankfort
Frankfort is Frankfort Square's neighbor to the southwest. Its real estate prices are a lot more expensive. The value of the median home in Frankfort is $384,900, which comes out to $161,300 (41%) higher than Frankfort Square. Its rents are similar. In Frankfort the median monthly rent is $1,240, which comes out to $20 (1%) higher than Frankfort Square.
Tinley Park
Tinley Park is Frankfort Square's neighbor to the north. Housing prices there are fairly similar. The median home in Tinley Park is valued at $231,400, which comes out to $7,800 (3%) higher than Frankfort Square. The rent there is pretty similar. The median rent in Tinley Park is $1,198 per month, which works out to $22 (1%) lower than Frankfort Square.
Mokena
Mokena is approximately 3 miles west from Frankfort Square. Its housing prices are somewhat more expensive. The median home value in Mokena is $319,200, which is $95,600 (29%) higher than Frankfort Square. The rent there is a bit less expensive. The median monthly rent in Mokena is $1,085, which works out to $135 (12%) lower than Frankfort Square.
Richton Park
Richton Park is about 3 miles southeast of Frankfort Square. Housing prices there are substantially less expensive. The value of the median home in Richton Park is $146,000, which is $77,600 (53%) lower than Frankfort Square. Its rents are a bit less expensive. In Richton Park the median rent is $1,073 a month, which comes out to $147 (13%) lower than Frankfort Square.
