Housing in 40601 Frankfort, KY is quite affordable compared to the US median value. The median housing value in the area is $193,700 which is significantly lower than the US median of $338,100. Additionally, the appreciation rate for housing in this area saw a 12.90% increase over the last year which is 4.63% higher than the national average of 8.27%. This demonstrates that even though housing prices may be relatively low in this area, they are appreciating at a greater rate than much of the rest of the country.
The median home cost in Frankfort (zip 40601) is $193,700. Home appreciation the last 10 years has been 64.4%. Home Appreciation in Frankfort (zip 40601) is up 16.7%.
Average Age of Homes
- The median age of Frankfort (zip 40601) real estate is 41 years old
The Rental Market in Frankfort (zip 40601)
- Renters make up 33.7% of the Frankfort (zip 40601) population
- 0.7% of houses and apartments in Frankfort (zip 40601), 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.