Home Price Key
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Average
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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 $252,189, higher than the Michigan average of $196,062.
The average cost of rent is $885/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. While nearly 52.59% of residents own their homes outright in Frankfort, 17.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $4,998 per month. Households that rent pay about 17.70% of their income on rent here. Frankfort's most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Elberta, MI: less expensive homes
- Watervale, MI: less expensive homes
- Benzonia, MI: less expensive homes
- Beulah, MI: less expensive homes
- Honor, MI: equally priced homes
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- Bear Lake, MI: less expensive homes
- Thompsonville, MI: less expensive homes
- Empire, MI: higher priced homes
Cities with Similar Populations
- Berlin, MA: higher priced homes
- West End-Cobb Town, AL: less expensive homes
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- Sutton, WV: less expensive homes
- San Manuel, AZ: less expensive homes
- Plympton, MA: higher priced homes
- Orangeville, PA: less expensive homes
- Heiskell, TN: less expensive homes
- Grundy Center, IA: less expensive homes
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