| ZIP Code | 60423 |
|---|---|
| City | Frankfort |
| State | Illinois (IL) |
| County | Will County |
| Area Code | 464/708/779/815 |
| Elevation | 762 ft |
| Latitude | 41.474458 |
|---|---|
| Longitude | -87.841151 |
| Timezone | Chicago (DST) |
| FIPS | 17197 |
| ZIP Type | Standard |
| Status | Active |
Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 42.4 yrs |
|---|---|
| Avg Household Size | 2.97 |
| Below Poverty | 5.2% ▼ 48% below avg |
| College Grads | 56.4% ▲ 46% above avg |
| Unemployment | 5.2% ≈ Avg |
| No HS Diploma | 56 (0.3%) |
| HS Graduate | 4,498 (21.4%) |
| Some College | 2,123 (10.1%) |
| Associates | 2,483 (11.8%) |
| Bachelors | 1,767 (8.4%) |
| Graduate Degree | 10,078 (48%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $137,651 ▲ 80% above avg ↑ 19% since 2019 |
|---|---|
| Median Home Value | $376,500 ▲ 35% above avg ↑ 17% since 2019 |
| Home/Income Ratio | 2.7x (nat avg ~3.5x) |
| Median Rent | $1,455/mo ↑ 17% since 2019 |
| Total Units | 11,494 |
| Vacant Units | 497 |
| Avg HH Size | 2.97 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Summary
| Total Units | 11,494 |
|---|---|
| Vacant | 497 |
| Owner Occupied | 93.6% |
| Renter Occupied | 6.4% |
| Avg HH Size | 2.97 |
ZIP code 60423 is located in Frankfort, Illinois, within Will County. With a population of 32,813, this is a moderately populated ZIP code with a middle-aged community — the median age is 42.4 years. Economically, 60423 is a upper-middle-income ZIP code: the median household income of $137,651 is significantly above the national average.
Real estate in ZIP code 60423 represents a mid-range housing market. The median home value of $376,500 is above the national average. Renters can expect to pay around $1,455 per month in median rent. Homeownership is strong here — 93.6% of occupied units are owner-occupied, suggesting an established, stable residential community. Median home values have increased by 17% since 2019.
The population of 60423 is primarily White (76.76%). Residents are well-educated — 56.4% hold a bachelor's degree or higher, which is above the national average. Poverty affects a relatively small share of residents at 5.2%. Household income has grown by 19% since 2019.
The unemployment rate in 60423 stands at 5.2%, which is near the national average. About 17% of workers are remote. As in most parts of the country, driving alone is the dominant commute mode at 74%.
Overall, ZIP code 60423 in Frankfort, IL is characterized as upper-middle-income, well-educated, a middle-aged community, and predominantly owner-occupied. With 32,813 residents, a median household income of $137,651, and a median home value of $376,500, it offers a clear picture of life in this part of Illinois.