Frankfort, NY is a great place to purchase a home, with the median value being $174,600. This price is significantly lower than the US House median value of $338,100. Furthermore, the 1-year appreciation rate in Frankfort is 11.97%, which is higher than the US 1 year house appreciation rate of 8.27%. With this in mind, now may be an excellent time to invest in real estate in Frankfort, NY for those looking to purchase or sell a property.
The median home cost in Frankfort is $174,600. Home appreciation the last 10 years has been 74.7%. Home Appreciation in Frankfort is up 15.8%.
Average Age of Homes
- The median age of Frankfort real estate is 63 years old
The Rental Market in Frankfort
- Renters make up 21.7% of the Frankfort population
- 0.6% 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.