ZIP Code 60423
standardSource:
Frankfort · Will County · Illinois
- Population
- 30,423
- Median income
- $136,730
- Median home value
- $398,200
- Bachelor's or higher
- 48.5%
- Land area
- 94.5 sq mi
322/sq mi
▲ 79% vs US
higher than 94% of US ZIPs
▲ 43% vs US
higher than 79% of US ZIPs
Median age 43
Chicago
ZIP code 60423 in Frankfort, Illinois has a population of 30,423. The median household income is $136,730, which is 79% above the national average. Median home value is $398,200, 43% above the US average. 48.5% of residents hold a bachelor's degree or higher.
ZIP code 60423 is classified by USPS as a standard delivery area and covers roughly 94.5 square miles in Frankfort, Will County, Illinois. The area is home to 30,423 residents, producing a population density of 322 people per square mile, and falls within the Chicago time zone. These USPS and Census boundary values drive every downstream statistic on this page, including the benchmarks that compare 60423 against Illinois and the nation.
On the economic side, the median household income for ZIP 60423 sits at $136,730 (71% above the Illinois average), while per-capita income is $57,575. The poverty rate stands at 4.5% and the unemployment rate at 5.5%. On housing, the median home value is $398,200 (107% above the state average) with median rent at $1,492 per month, and 94.0% of occupied units are owner-occupied, a direct signal of whether 60423 behaves more like a homeowner neighborhood or a renter-heavy ZIP.
Education and household profile round out the picture: 48.5% of adults hold a bachelor's degree or higher, the median age is 43, and the average commute is 32 minutes. We also surface 10 nearby ZIP codes within roughly 10 miles and 6 additional ZIPs sharing Will County, so you can benchmark 60423 against its immediate geography rather than a national average alone. Every figure is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates, HUD Fair Market Rents, and FHFA Home Price Index data, no estimates, no proprietary scoring. Verify with HUD →
Top industries in ZIP 60423
Top 5 sectors by establishment count
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 + HUD FMR + FHFA HPI ACS demographics, ZBP business establishments, HUD Fair Market Rents, 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; HUD FMR + 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
$57,575
Per Capita Income
4.5%
Poverty Rate
5.5%
Unemployment Rate
32.4 min
Mean Commute Time
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?
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
$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 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
Related Areas
Frequently Asked Questions
What county is ZIP code 60423 in? ▼
What is the population of ZIP code 60423? ▼
What is the median household income in ZIP 60423? ▼
What is the average home value in ZIP 60423? ▼
What is the demographic makeup of ZIP 60423? ▼
How many businesses are in ZIP code 60423? ▼
What are the main industries in ZIP code 60423? ▼
How have home values changed in ZIP code 60423? ▼
What is the education level in ZIP code 60423? ▼
What is the average commute time in ZIP 60423? ▼
What percentage of residents own vs. rent in ZIP 60423? ▼
What is the poverty rate in ZIP code 60423? ▼
ZIP Code Research Guides
Official Data Resources for Frankfort, IL
Verify and explore additional data for this area using these official government sources.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023). Business data: Source: Census ZIP Code Business Patterns (ZBP) 2023. Home value trends: Source: FHFA House Price Index (HPI), Five-Digit ZIP Codes.
PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.
Read our methodology , how this data is sourced, computed, and verified.