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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 $161,492, lower than the New York average of $610,895.
The average cost of rent is $871/mo in Frankfort, primarily driven by the current value of real estate in the Frankfort area. In Frankfort, 18.76% of households rent, and 48.98% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frankfort is $6,019 per month. Households that rent pay about 14.47% of their income on rent here. Frankfort’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Frankfort, NY: higher priced homes
- Ilion, NY: less expensive homes
- East Schuyler, NY: equally priced homes
- North Ilion, NY: less expensive homes
- North Columbia, NY: equally priced homes
- West Schuyler, NY: less expensive homes
- Herkimer, NY: less expensive homes
- Mohawk, NY: less expensive homes
- Dennison Corners, NY: higher priced homes
- Utica, NY: less expensive homes
Cities with Similar Populations
- Weiser, ID: higher priced homes
- Headland, AL: higher priced homes
- Hearne, TX: equally priced homes
- Heber, CA: higher priced homes
- Helendale, CA: higher priced homes
- West Concord, MA: higher priced homes
- West Bridgewater, MA: higher priced homes
- West Boylston, MA: higher priced homes
- West Bountiful, UT: higher priced homes
- Wellsville, OH: less expensive homes
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