PlainZIP

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
$136,730
Median income
$398,200
Median home value
48.5%
Bachelor's or higher

The verdict

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.

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 Illinois average), while per-capita income is $57,575. Poverty here runs at 4.5%, with unemployment measured at 5.5%. Median home value sits at $398,200 (107% above the state average), median rent at $1,492 a month, and owner-occupancy at 94.0%.

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. Beyond these figures, 10 nearby ZIP codes within about 10 miles are surfaced below, along with 6 more sharing Will County, letting you compare 60423 to its immediate surroundings rather than a national baseline alone.

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.

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 · ZIP Code Business Patterns (ZBP) As of 2023

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

Neighborhood Scorecard
Get an A-F grade across income, safety, housing, rent, education, commute, and childcare for this ZIP code.
View Scorecard →

Who lives in ZIP 60423?

43.0

Median Age

50.5%

Male

49.5%

Female

6.0%

Foreign-Born

White 75.8%
African American 8.1%
Asian 2.4%
American Indian or Alaska Native 0.3%
Native Hawaiian or Pacific Islander 0.0%
Two or More Ethnicities 11.7%
Hispanic or Latino 8.6%

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

$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

$0–$20,000: 118 US ZIPs (0%). Below this entry. $20,000–$40,000: 1,573 US ZIPs (5%). Below this entry. $40,000–$60,000: 7,092 US ZIPs (23%). Below this entry. $60,000–$80,000: 9,980 US ZIPs (33%). Below this entry. $80,000–$100,000: 5,778 US ZIPs (19%). Below this entry. $100,000–$120,000: 2,855 US ZIPs (9%). Below this entry. $120,000–$140,000: 1,362 US ZIPs (4%). This entry sits in this band. $140,000–$160,000: 686 US ZIPs (2%). Above this entry. $160,000–$180,000: 364 US ZIPs (1%). Above this entry. $180,000–$200,000: 186 US ZIPs (1%). Above this entry. $200,000–$220,000: 324 US ZIPs (1%). Above this entry. This ZIP $0 $200K+ every reporting US ZIP, bucketed by value

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?

High School Graduate or Higher 68.8%
Bachelor's Degree or Higher 48.5%

Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)

What does housing look like?

11,498

Total Housing Units

11,162

Occupied Units

336

Vacant Units

2.93

Avg Household Size

Occupancy Type

Owner 94.0%
Renter 6.0%

$398,200

Median Home Value

+107% vs state

$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.

residents

What this shows Among its immediate neighbors, ZIP 60423 ranks #4 by population - useful context the national average alone can't give.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023

ZIP 60423 vs its nearest neighbors, by median income

Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.

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.

Source U.S. Census Bureau · ACS 5-Year Estimates As of 2019–2023
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

More ZIP Codes in Will County

60440 standard
Bolingbrook, IL
Pop: 52,911
60435 standard
Joliet, IL
Pop: 48,899
60586 standard
Plainfield, IL
Pop: 46,251
60564 standard
Naperville, IL
Pop: 41,312
60446 standard
Romeoville, IL
Pop: 39,807
60441 standard
Lockport, IL
Pop: 36,869

Related Areas

Will County Frankfort, IL Illinois

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.

Read our methodology to see how this data is sourced, computed, and verified.