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Affordable
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These days, finding an affordable place to live in the Frakes area can be challenging. Home prices in Frakes are now at a median cost of $98,512, lower than the Kentucky average of $219,615.
The average cost of rent is $843/mo in Frakes, primarily driven by the current value of real estate in the Frakes area. In Frakes, 6.42% of households rent, and 63.11% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frakes is $5,049 per month. Households that rent pay about 16.70% of their income on rent here. Frakes’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Pearl, KY: equally priced homes
- Pruden, TN: equally priced homes
- Clairfield, TN: equally priced homes
- Chenoa, KY: less expensive homes
- Eagan, TN: higher priced homes
- Gatliff, KY: less expensive homes
- Davisburg, KY: equally priced homes
- Tackett Creek, TN: higher priced homes
- Rain, KY: less expensive homes
- Saxton, KY: equally priced homes
Cities with Similar Populations
- Sanborn, ND: higher priced homes
- Magnolia, WV: higher priced homes
- Mammoth, WV: less expensive homes
- Maple Valley, IN: higher priced homes
- Maplecrest, NY: higher priced homes
- Martinsdale, MT: higher priced homes
- Mason Grove, TN: higher priced homes
- Masters, MO: higher priced homes
- Max, IN: higher priced homes
- Mazarn, AR: equally priced homes
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