Heritage Knolls, Frankfort, IL
Heritage Knolls — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Heritage Knolls, Frankfort, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Heritage Knolls Neighborhood Overview
Heritage Knolls is a residential neighborhood located in Frankfort, Illinois, within the 60423 ZIP code. It offers residents a peaceful, suburban atmosphere with convenient access to the amenities of a growing community. The area is characterized by its family-friendly environment and well-maintained properties.
Lifestyle & Amenities
Residents enjoy a quiet suburban lifestyle with easy access to Frankfort's charming downtown area, which features local shops and restaurants. The neighborhood is close to several parks and recreational facilities, promoting an active, outdoor-friendly community. Its location provides a balance of serene living with nearby conveniences.
Real Estate Market
The real estate in Heritage Knolls primarily consists of single-family homes. According to U.S. Census data, the median home value in the area is $367,400. This reflects a stable and desirable housing market within the broader Frankfort community.
Schools & Education
Families in Heritage Knolls are served by the well-regarded Frankfort Community Consolidated School District 157C and Lincoln-Way Community High School District 210. These districts are known for their strong academic programs and extracurricular offerings. The area's high median household income often correlates with strong community support for local schools.
Transportation & Connectivity
The neighborhood benefits from good road connectivity via major routes like U.S. Route 45 and Interstate 80, facilitating commutes to Chicago and surrounding suburbs. While primarily car-dependent, the area's layout and proximity to highways make regional travel straightforward. Public transit options are available within the broader Frankfort area.
Why Choose Heritage Knolls
Heritage Knolls is an excellent choice for those seeking a stable, family-oriented suburban community with above-average economic indicators. With a median household income of $134,640, the neighborhood offers financial stability and a high quality of life. Its combination of peaceful living, good schools, and accessibility makes it a compelling place to call home.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
Heritage Knolls Market Data
| Metric | Value |
|---|---|
| Median Home Price | $367K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $135K |
| Homeownership Rate | 92.8% |
| Renter-Occupied | 7.2% |
| Rental Vacancy Rate | 0.0% |
| Market Type | Seller's |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 60423 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Heritage Knolls, Frankfort
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Heritage Knolls, Frankfort, IL. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15