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 $112,201, lower than the Indiana average of $175,617.
The average cost of rent is $766/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. While nearly 37.63% of residents own their homes outright in Frankfort, 31.23% rent.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $4,411 per month. Households that rent pay about 17.37% of their income on rent here. Frankfort's most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Kentwood, IN: equally priced homes
- Kilmore, IN: higher priced homes
- Jefferson, IN: higher priced homes
- Avery, IN: higher priced homes
- Manson, IN: higher priced homes
- Michigantown, IN: higher priced homes
- Cyclone, IN: equally priced homes
- Beard, IN: higher priced homes
- Moran, IN: higher priced homes
- Mechanicsburg, IN: higher priced homes
Cities with Similar Populations
- South Milwaukee, WI: higher priced homes
- Hercules, CA: higher priced homes
- Silverdale, WA: higher priced homes
- Smithfield, NC: higher priced homes
- Somerville, NJ: higher priced homes
- South Amboy, NJ: higher priced homes
- South Burlington, VT: higher priced homes
- South Euclid, OH: equally priced homes
- South Miami, FL: higher priced homes
- Georgetown, SC: higher priced homes
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