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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 $211,300, lower than the Maine average of $330,167.
The average cost of rent is $850/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. In Frankfort, 8.85% of households rent, and 40.41% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $6,667 per month. Households that rent pay about 12.75% of their income on rent here. Frankfort’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Winterport, ME: higher priced homes
- Monroe, ME: higher priced homes
- Prospect Ferry, ME: equally priced homes
- Swanville, ME: equally priced homes
- Stockton Springs, ME: higher priced homes
- Bucksport, ME: higher priced homes
- Searsport, ME: equally priced homes
- South Orrington, ME: higher priced homes
- Verona Island, ME: higher priced homes
- North Monroe, ME: equally priced homes
Cities with Similar Populations
- Easton, MO: higher priced homes
- Thompson, WI: higher priced homes
- Theta, TN: higher priced homes
- Summersville, KY: less expensive homes
- Galeton, CO: higher priced homes
- Four Lakes, WA: higher priced homes
- Emery, SD: less expensive homes
- Elmdale, MI: higher priced homes
- Eldorado, NC: less expensive homes
- Edwardsport, IN: less expensive homes
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