West Frankfort, IL—62896
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — West Frankfort, IL
West Frankfort, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $93,000 | -0.9% |
| Single Family | $93,000 | -1.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — West Frankfort, IL
As of July '25, Rentcast reports the average rent in West Frankfort, IL is $725, with a year-over-year rent change of 23.3%. Per bedroom, the median rent as of July '25 in West Frankfort, IL is 1-bedrooms: $692, 2-bedrooms: $825. The most common rental property sizes in West Frankfort, IL are 2-bedroom and 1-bedroom, accounting for 35.4% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $650 | $725 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $650 | $692 |
| 2 Bed Rent | $825 | $825 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — West Frankfort, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in West Frankfort, IL is 65. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $88,900 | -18.0% |
Listing Count | 48 | 18.0% |
| Listings as % of Homes | 0.7% | 18.0% |
Days on Market | 65 | -13.0% |
Demographics — West Frankfort, IL
As of the latest ACS Survey released in 2023, West Frankfort, IL has a population of 10,700, which has decreased by -12.1% over the past 5 years. West Frankfort, IL is a moderately popular place for families, as children make up 22.0% of the population. The area has a poorly educated workforce, with 15.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,700 | -12.1% |
% Under 18 | 22.0% | 1.9% |
% Seniors | 17.1% | -16.2% |
% WFH | 5.3% | 65.6% |
% w/ College Degree | 15.3% | 36.6% |
As of the latest ACS Survey released in 2023, West Frankfort, IL is a predominantly white area, with 95.6% of the population identifying as white. The white population has shrunk by 0.4% in the last 5 years. The second most common race or ethnicity in West Frankfort, IL is hispanic, making up 0.9% of the population. Foreign-born residents account for 1.1% of the population in West Frankfort, IL, and this percentage has increased by 10.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.6% | -0.4% |
% Black | 0.5% | -54.5% |
% Hispanic | 0.9% | 12.5% |
% Asian | 0.1% | -75.0% |
% Foreign Born | 1.1% | 10.0% |
Mortgage and Risk — West Frankfort, IL
According to HUD data as of 2023, there were 135 mortgage originations in West Frankfort, IL, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 44.0% above 90% LTV (very high). This implies large mortgage risk in West Frankfort, IL. Investor activity is low, as 4.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 135 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — West Frankfort, IL
West Frankfort, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 380 |
Total Units Section 8 | 48 |
% Rentals under Section 8 | 3.3% |
% Occupied Section 8 | 81.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $650 | $670 |
| 2 Bedroom | $65 | $825 | $890 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,410 |
Affordability — West Frankfort, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $93,000 |
| Median Household Income | $55,500 |