The Most Affordable Neighborhoods in Frankton, IN by Home Value

 

Frankton, IN Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Frankton area can be challenging. Home prices in Frankton are now at a median cost of $113,817, lower than the Indiana average of $175,617.

The average cost of rent is $784/mo in Frankton, primarily driven by the current value of real estate in the Frankton area. While nearly 42.84% of residents own their homes outright in Frankton, 19.73% rent.

Housing affordability isn’t just about home prices, though. The average household income in Frankton is $5,158 per month. Households that rent pay about 15.19% of their income on rent here. Frankton's most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.


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