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 $161,591, lower than the Kentucky average of $164,895.
The average cost of rent is $893/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. While nearly 36.03% of residents own their homes outright in Frankfort, 34.39% rent.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $5,532 per month. Households that rent pay about 16.15% of their income on rent here. Frankfort's most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Millville, KY: higher priced homes
- Duckers, KY: higher priced homes
- Elsinore, KY: higher priced homes
- Bridgeport, KY: higher priced homes
- Woodlake, KY: higher priced homes
- Ninevah, KY: higher priced homes
- Zion Hill, KY: higher priced homes
- Peaks Mill, KY: less expensive homes
- Hatton, KY: higher priced homes
- Alton Station, KY: higher priced homes
Cities with Similar Populations
- Euclid, OH: less expensive homes
- Morganton, NC: equally priced homes
- New Albany, IN: equally priced homes
- Rowland Heights, CA: higher priced homes
- Salina, KS: equally priced homes
- Sherman, TX: higher priced homes
- Spring Hill, TN: higher priced homes
- Texas City, TX: equally priced homes
- Grand Blanc, MI: higher priced homes
- Everett, MA: higher priced homes
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