Home Value Trail

Frankfort village, IL home price history and building permits

Will CountyCook CountyChicago-Naperville-Elgin, IL-INIllinois

  • Price trail: Will County
  • FHFA annual index 1975 to 2025
  • Developmental index
  • Permits through

The annual files of FHFA have no index for a city. The line on this page is the index of Will County, the county of Frankfort village. The FHFA annual house price index for Will County increased by 78.5% from 2015 to 2025. Building permits in Frankfort village authorized 63 housing units in the 12 months to August 2026.

2015

The annual files of FHFA have no index for a city. These figures are for the index of Will County, the county of Frankfort village.

+78.5%

From 2015 to 2025, the FHFA annual all-transactions index for Will County increased by 78.5%.

From 2015 to 2025, the average change in each year is +6.0%, compounded.

Same span at each level: 2015 to 2025
AreaChangeBar
Will County+78.5%
Chicago-Naperville-Elgin, IL-IN+68.3%
Illinois+64.6%
United States+85.0%
Will County FHFA annual all-transactions index, 100 in 1975
  • Will County
  • United States, set to the same start
  • Recession (NBER dates)
  • Your span

This is the price trail of Will County, not of Frankfort village. The annual files of FHFA have no index for a city.

Index values for each year
FHFA annual all-transactions index for Will County, 1975 to 2025
YearIndexChange from the year before
2025614.25+4.6%
2024587.22+7.0%
2023548.84+8.8%
2022504.65+14.1%
2021442.41+9.9%
2020402.65+1.3%
2019397.67+3.1%
2018385.69+4.1%
2017370.60+4.0%
2016356.24+3.5%
2015344.19+3.4%
2014332.92+4.9%
2013317.50+1.3%
2012313.58−4.6%
2011328.78−7.5%
2010355.40−7.6%
2009384.51−9.0%
2008422.62−3.9%
2007439.99+1.8%
2006432.18+6.7%
2005405.19+10.0%
2004368.36+7.8%
2003341.67+3.5%
2002329.98+5.0%
2001314.30+5.3%
2000298.62+5.5%
1999283.03+2.7%
1998275.57+2.1%
1997269.79+2.5%
1996263.10+2.5%
1995256.67+4.1%
1994246.51+3.2%
1993238.81+3.2%
1992231.42+2.9%
1991224.96+3.5%
1990217.39+5.0%
1989207.09+8.1%
1988191.58+10.5%
1987173.39+8.6%
1986159.73+6.1%
1985150.61+1.9%
1984147.87+6.0%
1983139.49+25.3%
1982111.35−25.8%
1981149.98−4.3%
1980156.71+9.0%
1979143.78+11.3%
1978129.20+12.3%
1977115.07+15.8%
197699.41−0.6%
1975100.00n/a

Each figure is the change of the FHFA annual all-transactions index, from the year that you pick to 2025. It is a change for the area. It is not the change in the value of your home, and it does not use the price that you paid.

The average for each year is a compounded annual change. The guide to values explains more.

When using the FHFA House Price Calculator, please note that it does not project the actual value of any particular house.

FHFA, about its own House Price Calculator: Federal Housing Finance Agency, House Price Index Datasets, HPI Calculator, copied on . The calculator of FHFA uses quarterly figures. For the states and the 100 largest metro areas it uses the purchase-only index. Its figures can differ from the figures here.

Since the last FHFA release

No recorded FHFA release changed a figure of Will County. The record of releases starts with the next FHFA release. FHFA releases recorded by this site

Same span, every level

Change in the FHFA annual index to 2025: Will County and the areas above it
Area1 year2024 to 20255 years2020 to 202510 years2015 to 202520 years2005 to 2025Since 20002000 to 2025Each yearaverage of 10 years
Will County+4.6%+52.6%+78.5%+51.6%+105.7%+6.0%
Chicago-Naperville-Elgin, IL-IN+5.6%+47.2%+68.3%+43.1%+101.1%+5.3%
Illinois+5.7%+46.9%+64.6%+44.9%+95.6%+5.1%
United States+2.8%+47.0%+85.0%+79.1%+158.3%+6.3%

The annual files of FHFA have no index for Frankfort village. The first row is the index of Will County.

Building permits in Frankfort village

In the 12 months to August 2026, building permits in Frankfort village authorized 63 housing units. That is 2.9 units for each 1,000 residents. In the 12 months before, permits authorized 122 units.

Housing units authorized by month, latest 24 months
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each month
Housing units authorized by building permits in Frankfort village, by month
MonthAll units1 unit2 or more units
Aug 2026220
Jul 2026550
Jun 2026220
May 2026770
Apr 2026550
Mar 2026770
Feb 202612120
Jan 2026110
Dec 2025660
Nov 2025110
Oct 2025660
Sep 2025990
Aug 202510100
Jul 2025660
Jun 202535350
May 202517170
Apr 202510100
Mar 2025110
Feb 202512120
Jan 2025220
Dec 2024440
Nov 2024660
Oct 202414140
Sep 2024550
Housing units authorized in the 12 months to August 2026, by size of building
FigureFrankfort villageWill CountyIllinoisUnited States
All units631,80819,1571,418,086
In buildings with 1 unit63 (100%)1,788 (99%)10,712 (56%)888,241 (63%)
In buildings with 2 units0050234,814
In buildings with 3 or 4 units0487117,298
In buildings with 5 or more units0 (0%)16 (1%)7,072 (37%)477,733 (34%)
Units for each 1,000 residents2.92.51.54.1
Change from the 12 months before−48.4%−16.0%−5.7%−0.1%
Housing units authorized by year, 1995 to 2025
  • Units in buildings with 1 unit
  • Units in buildings with 2 or more units
Units for each year
Housing units authorized by building permits in Frankfort village, by year
YearAll units1 unit2 or more units
20251151150
20241031030
202352520
202299990
20211321320
202099990
201985850
20181341322
201794940
201678780
201584840
20141031030
201396960
201270700
201137370
201035350
200922220
20081011010
20071891890
20062982980
20053273270
20042962960
20033953950
20023073070
20012772770
20002762760
19992332330
19981031030
199777770
199692920
19951081080

A permit authorizes construction. It does not show that the work started or that it is complete. For a place that does not report each month, the Census Bureau imputes the monthly figures.

Agency pages

  • Building Permits SurveyUS Census BureauThe survey of housing units that building permits authorize.
  • FHFA House Price IndexFederal Housing Finance AgencyThe index page of FHFA: data, tools and the release dates.
  • FHFA HPI CalculatorFederal Housing Finance AgencyThe calculator of FHFA. It works by quarter, for a state or a metro area.

Each link loaded on .

Cite this page

Home Value Trail. Frankfort village, IL home price history and building permits. https://homevaluetrail.com/city/il/frankfort-village/. Source: US Census Bureau, Building Permits Survey; Federal Housing Finance Agency, annual house price index for Will County. FHFA release of .

Where the figures come from

Building permits
US Census Bureau, Building Permits Survey, place files through August 2026, permit office 283300. County, state and national figures from the county and state files.
Price trail
FHFA annual house price index for Will County, 1975 to 2025. Release of March 31, 2026.
County of the place
The county code of the Building Permits Survey row, and the Census Bureau 2020 place by county file.
Residents
US Census Bureau, population estimates for 2025.

All files are works of the US government, in the public domain. To report an error, see Corrections.

Questions

What kinds of buildings have permits in Frankfort village?
In the 12 months to August 2026, 63 units are in buildings with one unit. 0 units are in buildings with two to four units. 0 units are in buildings with five or more units.
How does the count compare with the 12 months before?
Permits authorized 122 housing units in the 12 months before. Permits authorized 63 housing units in the 12 months to August 2026. The count decreased by 48.4% between the two periods.
How many units is that for each 1,000 residents?
Frankfort village has 2.9 units for each 1,000 residents. Will County has 2.5 units for each 1,000 residents. Illinois has 1.5 units for each 1,000 residents.
How many units have permits from 1995?
Permits in Frankfort village authorized 4,517 housing units from 1995 to 2025. The year with the most units is 2003, with 395.