Frankfort Metro Area, IN Housing

Frankfort, IN Metro Area is an attractive place for potential homeowners due to its relatively low housing median value of $165,100 compared to the US House Median Value of $338,100. In addition, the area has experienced a high 1 year house appreciation rate of 13.41%, which is higher than the US national average of 8.27%. This makes Frankfort a lucrative location for investing in real estate, as it offers a combination of lower prices and higher long-term gains.

The median home cost in Frankfort Metro Area is $165,100. Home appreciation the last 10 years has been 92.9%. Home Appreciation in Frankfort Metro Area is up 18.4%.

Average Age of Homes

- The median age of Frankfort Metro Area real estate is 61 years old

The Rental Market in Frankfort Metro Area

- Renters make up 25.1% of the Frankfort Metro Area population
- 1.9% of houses and apartments in Frankfort Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Frankfort, Indiana	United States
	13,418.0	139,647,020.0
	64	42
	$165,100	$338,100
	18.4%	16.6%
	62.5%	57.0%
	92.9%	101.1%
	$7.14	$10.98
	$903	$2,690
	65.4%	57.4%
	9.5%	11.2%
	25.2%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	1.2%	0.7%
	0.4%	0.4%
	1.0%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	2.8%	2.6%
	2.6%	2.4%
	6.5%	2.8%
	11.3%	3.9%
	13.2%	4.5%
	27.4%	11.3%
	16.3%	13.0%
	11.2%	20.1%
	6.9%	13.6%
	0.9%	8.3%
	0.3%	9.7%
	0.0%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.1%	13.6%
	5.1%	13.6%
	11.5%	13.6%
	4.7%	13.2%
	11.6%	14.8%
	11.5%	13.6%
	11.6%	10.0%
	6.6%	4.7%
	35.1%	12.2%

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