Frankfort, IL · standard
ZIP Code 60423
Will County, Illinois - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 30,423
- 322/sq mi High-density area
- $136,730
- Median income Above-median income area
- $398,200
- Median home value Above-median home value
- 48.5%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Frankfort pairs a top-decile household income with upper-quartile home values, in a low-density, homeowner-dominated area.
- Top 6%
- household income, US ZIPs
- Top 21%
- home value, US ZIPs
- 322
- people per sq mi
- 94%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 60423 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 60423 (Frankfort, IL) rose +7.5% from 2023 to 2024. The all-transactions index moved from 175.0 in 2023 to 188.0 in 2024 (2000 = 100).
ZIP code 60423 is a densely settled ZIP (a standard USPS delivery area) in Frankfort, Will County, Illinois, with 30,423 residents across 94.5 square miles, a density of 322 people per square mile, in the Chicago time zone.
ZIP 60423 skews affluent, with a median household income of $136,730 (71% above the average Illinois ZIP), while per-capita income is $57,575. The poverty rate is 4.5%, with unemployment at 5.5%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $398,200 (107% above the average Illinois ZIP), while 94.0% of occupied homes are owner-occupied and median rent is $1,492.
A solid share of residents have a four-year degree: 48.5% of adults hold a bachelor's degree or higher, the median age is 43, and the average commute is 32 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Will County, so 60423 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 60423
Top 5 sectors by establishment count in Frankfort, IL
Which industries have the most business establishments in ZIP 60423.
- Health care and social assistance
Health care and social assistance
158 establishments
- Construction
Construction
147 establishments
- Professional, scientific, and technical services
Professional, scientific, and technical services
126 establishments
- Retail trade
Retail trade
107 establishments
- Other services (except public administration)
Other services (except public administration)
89 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 60423, Frankfort, IL · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
30,423
Population
94.5
Area (sq mi)
322
People / sq mi
Chicago
Time Zone
standard
ZIP Type
Who lives in ZIP 60423?
43.0
Median Age
50.5%
Male
49.5%
Female
6.0%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$136,730
Median Household Income
+71% vs state ZIP avg
$57,575
Per Capita Income
4.5%
Poverty Rate
5.5%
Unemployment Rate
32.4 min
Mean Commute Time
How ZIP 60423 ranks nationally
Frankfort, IL household income vs. every US ZIP code
Median household income, the full national distribution, with this ZIP marked
$136,730 Top 6% higher than 94% of 30,318 US ZIPs
Each bar is a $20K-wide band; taller bars hold more US ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
11,498housing units
11,498
Total Housing Units
11,162
Occupied Units
336
Vacant Units
2.93
Avg Household Size
Occupancy Type
$398,200
Median Home Value
+107% vs state ZIP avg
$1,492
Median Rent
1993
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+7.5%
YoY Change (2024)
188
HPI Index (2000 = 100)
+88%
Total Change Since 2000
Home values in ZIP 60423 have increased 7.5% over the past year (2024). Since 2000, this ZIP has seen +88% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +0.3% | 132 |
| 2021 | +8.9% | 144 |
| 2022 | +11.9% | 161 |
| 2023 | +8.7% | 175 |
| 2024 | +7.5% | 188 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 1,122 business establishments in ZIP 60423, employing approximately 12,744 people with a combined annual payroll of $651,435,000.
1,122
Businesses
12,744
Employees
$651.4M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Health care and social assistance | 158 | 14.1% |
| Construction | 147 | 13.1% |
| Professional, scientific, and technical services | 126 | 11.2% |
| Retail trade | 107 | 9.5% |
| Other services (except public administration) | 89 | 7.9% |
| Accommodation and food services | 77 | 6.9% |
| Finance and insurance | 73 | 6.5% |
| Administrative and support and waste management and remediation services | 72 | 6.4% |
| Real estate and rental and leasing | 62 | 5.5% |
| Transportation and warehousing | 57 | 5.1% |
| Manufacturing | 56 | 5.0% |
| Wholesale trade | 47 | 4.2% |
| Arts, entertainment, and recreation | 21 | 1.9% |
| Educational services | 16 | 1.4% |
| Information | 10 | 0.9% |
| Management of companies and enterprises | 3 | 0.3% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 60423 vs 60487 →
ZIP 60423 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 60462
Orland Park (60462)
38,723 residents
- 60477
Tinley Park (60477)
38,161 residents
- 60451
New Lenox (60451)
34,063 residents
- 60423
Frankfort (60423)
30,423 residents
- 60487
Tinley Park (60487)
26,928 residents
- 60448
Mokena (60448)
24,423 residents
- 60443
Matteson (60443)
21,145 residents
- 60471 14,101
Richton Park (60471)
14,101 residents
- 60449 9,217
Monee (60449)
9,217 residents
What this shows Among its immediate neighbors, ZIP 60423 ranks #4 by population - useful context the national average alone can't give.
ZIP 60423 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 60451
New Lenox (60451)
$137,404 median income
- 60423
Frankfort (60423)
$136,730 median income
- 60487
Tinley Park (60487)
$131,793 median income
- 60448
Mokena (60448)
$120,761 median income
- 60449
Monee (60449)
$104,904 median income
- 60468
Peotone (60468)
$104,625 median income
- 60462
Orland Park (60462)
$96,526 median income
- 60477
Tinley Park (60477)
$94,927 median income
- 60443
Matteson (60443)
$92,136 median income
What this shows By household income, ZIP 60423 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 60487 | Tinley Park, IL | 26,928 | 5.8 mi |
| 60471 | Richton Park, IL | 14,101 | 5.4 mi |
| 60448 | Mokena, IL | 24,423 | 4.9 mi |
| 60443 | Matteson, IL | 21,145 | 5.0 mi |
| 60449 | Monee, IL | 9,217 | 5.6 mi |
| 60477 | Tinley Park, IL | 38,161 | 6.9 mi |
| 60451 | New Lenox, IL | 34,063 | 6.6 mi |
| 60462 | Orland Park, IL | 38,723 | 10.0 mi |
| 60484 | University Park, IL | 6,829 | 7.3 mi |
| 60468 | Peotone, IL | 6,116 | 10.0 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 60423, both outside IL so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (30,423 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Will County
Related Areas
Frequently Asked Questions
What county is ZIP code 60423 in?
ZIP code 60423 (Frankfort) is located in Will County, Illinois. Will County contains multiple ZIP codes, see the full list at /counties/will-il.
What is the population of ZIP code 60423?
ZIP code 60423 in Frankfort, IL has a population of 30,423 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 60423?
The median household income in ZIP 60423 is $136,730, which is 79% above the national average of $76,288.
What is the average home value in ZIP 60423?
The median home value in ZIP 60423 is $398,200, which is 43% above the national average of $278,155.
What is the demographic makeup of ZIP 60423?
The largest racial group in ZIP 60423 is White at 75.8%. Hispanic or Latino residents make up 8.6% of the population.
How many businesses are in ZIP code 60423?
ZIP code 60423 has 1,122 business establishments employing approximately 12,744 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 60423?
The top industries by establishment count in ZIP 60423 are: Health care and social assistance (158), Construction (147), Professional, scientific, and technical services (126). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 60423?
According to the FHFA House Price Index, home values in ZIP 60423 increased by 7.5% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 88%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 60423?
In ZIP code 60423, 68.8% of residents aged 25+ have a high school diploma or higher, and 48.5% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 60423?
The mean commute time for workers in ZIP code 60423 is 32.4 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 60423?
In ZIP code 60423, approximately 94.0% of occupied housing units are owner-occupied and 6.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 60423?
The poverty rate in ZIP code 60423 is 4.5% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 60423's numbers, next.
- See how ZIP 60423 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Frankfort, IL ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.