Home Price Key
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Average
Expensive
These days, finding an affordable place to live in the New Frankfort area can be challenging. Home prices in New Frankfort are now at a median cost of $144,576, lower than the Indiana average of $175,617.
The average cost of rent is $862/mo in New Frankfort, primarily driven by the current value of real estate in the New Frankfort area. While nearly 43.75% of residents own their homes outright in New Frankfort, 24.08% rent.
Housing affordability isn’t just about home prices, though. The average household income in New Frankfort is $4,314 per month. Households that rent pay about 19.99% of their income on rent here. New Frankfort's most expensive areas are in the western regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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Cities with Similar Populations
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