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A community of over 14,000, Frankfort has seen residential home values skyrocket as residents throughout the region realize that Frankfort's short commute to Chicago and other employment areas, combined with its agricultural roots, make Frankfort the leading choice in the southwest suburbs and Will County. Even with this rapid growth, Frankfort strives to preserve its 1890's prairie town charm.

Village planners and the Board continue to search for ways to balance much needed commercial/industrial growth with the country charm that first attracted most residents. As the community's future unfolds over the coming years, Frankfort will be facing a variety of new challenges. New roads, water and sewer systems, plus the very real possibility of a major airport near Peotone, are among the infrastructure improvements to be made that will impact the Village.