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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 $160,133, lower than the Indiana average of $232,932.
The average cost of rent is $1,117/mo in Frankton, primarily driven by the current value of real estate in the Frankton area. In Frankton, 11.91% of households rent, and 40.82% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Frankton is $7,078 per month. Households that rent pay about 15.77% of their income on rent here. Frankton’s most expensive areas are in the southeastern 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
- Dundee, IN: higher priced homes
- Orestes, IN: equally priced homes
- New Lancaster, IN: equally priced homes
- Elwood, IN: less expensive homes
- Alexandria, IN: less expensive homes
- Rigdon, IN: higher priced homes
- Perkinsville, IN: higher priced homes
- Moonville, IN: higher priced homes
- Woodlawn Heights, IN: higher priced homes
- Edgewood, IN: higher priced homes
Cities with Similar Populations
- West Rutland, VT: higher priced homes
- Seneca, KS: higher priced homes
- Paddock Lake, WI: higher priced homes
- North Catasauqua, PA: higher priced homes
- Silver Lake, KS: higher priced homes
- St. Louisville, OH: higher priced homes
- Malabar, FL: higher priced homes
- Lavalette, WV: equally priced homes
- Walnut Grove, MO: higher priced homes
- Wartrace, TN: higher priced homes
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