Frankfort, KY is known for its affordable housing options. According to recent statistics, the median value of a house in Frankfort is $191,000, which is much lower than the US median value of $338,100. Additionally, there has also been significant appreciation in housing values over the past year with an appreciation rate of 12.90%, compared to the US's 8.27%. This trend shows that Frankfort is continuing to be an attractive destination for those looking to purchase a home at a great price with plenty of room for profit.
The median home cost in Frankfort is $191,000. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Frankfort is up 16.7%.
Average Age of Homes
- The median age of Frankfort real estate is 47 years old
The Rental Market in Frankfort
- Renters make up 44.4% of the Frankfort population
- 0.9% of houses and apartments in Frankfort, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.