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Frankfort Square CDP, Illinois Demographics & Population 2026

Very AffordableHome value to income ratio of 2.2x is exceptionally low

As of 2026, Frankfort Square CDP, Illinois has a total population of 9,777, the 228th largest city in Illinois, with a median household income of $126,953, which is 55% higher than the state average. The poverty rate is 5.7%.

Key Takeaways

Frankfort Square CDP Quick Facts

Population 9,777
Median Household Income $126,953
Median Home Value $282,100
Poverty Rate 5.7%
Unemployment Rate 7.3%
Median Age 40.2 years
Homeownership Rate 93.2%
Affordability Ratio 2.2x
Bachelor's Degree or Higher 31.9%
High School Graduation Rate 96.7%
Diversity Index 47/100
Population 9,777 228th of 1,445
Median Income $126,953 top 10%
Poverty Rate 5.7% 54% lower national
Median Home Value $282,100 top 20%

How Frankfort Square CDP Compares

Economy & Housing

Employment

7.3% Unemployment Rate State: 5.8% | National: 5.2%
74.5% Labor Force Participation

Housing Overview

Owner 93.2%
Renter 6.8%
Affordability Index Very Affordable
2.2x home value to income ratio

People & Demographics

Diversity Index

47out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 60 | National average: 60

Education

Frankfort Square CDP Rankings in Illinois

#228 Population of 1,445
#89 Median Income of 1,445
#293 Education of 1,445
#183 Home Value of 1,445

Cities Similar to Frankfort Square CDP

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Mahomet village9,755$114,904$293,20052.8%3.9%
Flossmoor village9,666$137,768$309,10067.0%2.9%
Manhattan village10,315$128,375$314,40035.9%3.3%
Winfield village9,982$143,102$363,40059.9%2.5%
Itasca village9,525$111,898$375,60053.1%1.8%

Population Overview

Frankfort Square CDP is a small city located in Illinois. The total population is 9,777. It ranks as the 228th most populous out of 1,445 cities and towns in Illinois.

Age Demographics

The median age in Frankfort Square CDP is 40.2 years. This is 3% higher than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Frankfort Square CDP is $126,953. This is 55% higher than the state median of $81,702. Compared to the national median of $78,538, household income here is 62% higher. The poverty rate stands at 5.7%. This is 51% lower than the state poverty rate of 11.7%. The unemployment rate is 7.3%. This is 27% higher than the state rate of 5.8%. The median home value is $282,100. Housing costs are 13% higher than the state median of $250,500. With a home-value-to-income ratio of just 2.2x, Frankfort Square CDP is one of the most affordable housing markets in the area. 93.2% of occupied housing units are owner-occupied. This homeownership rate is 39% higher than the state average of 66.8%.

Race & Ethnicity

The largest racial or ethnic group in Frankfort Square CDP is White (non-Hispanic), making up 69.6% of the population. Hispanic or Latino residents account for 12.1%. The Black or African American population (3.8%) is well below the state average of 13.6%. The Asian population (2.2%) is well below the state average of 5.8%.

Education

31.9% of residents aged 25 and older hold a bachelor's degree or higher. This is 14% lower than the state rate of 37.2%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 96.7%.

Data Sources & Methodology

All demographic data for Frankfort Square CDP, Illinois is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Illinois state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,445 Census-designated places in Illinois. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Frankfort Square CDP, Illinois?

Frankfort Square CDP, Illinois has a population of 9,777 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Frankfort Square CDP, IL?

The median household income in Frankfort Square CDP is $126,953, which is 62% higher the national median of $78,538.

What is the poverty rate in Frankfort Square CDP, IL?

The poverty rate in Frankfort Square CDP is 5.7%. This means approximately 556 residents live below the federal poverty line.

What is the racial makeup of Frankfort Square CDP, Illinois?

Frankfort Square CDP's population is 69.6% White, 3.8% Black, 12.1% Hispanic/Latino, and 2.2% Asian.

What is the median home value in Frankfort Square CDP, IL?

The median home value in Frankfort Square CDP is $282,100. The home-value-to-income ratio is 2.2x.

How educated is Frankfort Square CDP, Illinois?

31.9% of adults (25+) in Frankfort Square CDP hold a bachelor's degree or higher, and 10.5% hold a graduate or professional degree.