Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Frankfort area can be challenging. Home prices in Frankfort are now at a median cost of $129,533, lower than the Alabama average of $185,232.
The average cost of rent is $421/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. While nearly 66.95% of residents own their homes outright in Frankfort, 11.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $4,383 per month. Households that rent pay about 9.60% of their income on rent here. Frankfort's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Jonesboro, AL: higher priced homes
- Crooked Oak, AL: higher priced homes
- Reedtown, AL: less expensive homes
- Dempsey, AL: higher priced homes
- Red Rock, AL: equally priced homes
- Russellville, AL: less expensive homes
- Gravel Hill, AL: less expensive homes
- Pleasant Site, AL: higher priced homes
- Old Nauvoo, AL: higher priced homes
- Rockwood, AL: higher priced homes
Cities with Similar Populations
- Schuyler Lake, NY: higher priced homes
- Longtown, MO: higher priced homes
- Longwoods, MD: higher priced homes
- Magley, IN: higher priced homes
- Russ, MO: less expensive homes
- Sandy Ridge, AL: less expensive homes
- Saxton, KY: less expensive homes
- Scandia, PA: equally priced homes
- Scarboro, MD: higher priced homes
- Schultzville, PA: higher priced homes
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