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Featured local agent — Frankfort, IN
Sarah Mitchell
Compass Real Estate · Frankfort, IN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Frankfort, IN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$209,500median sale price
How is the Frankfort, IN housing market right now?
The median home sale price in Frankfort, IN is $209,500, up 28.9% year-over-year. Homes sell in an average of 23 days with 25 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Frankfort a buyer's or seller's market?
Frankfort, IN is currently a seller's market, based on 1.1 months of supply and homes selling in about 23 days. How we determine this →
Homes sold
22
Last 12 weeks
Days on market
23
Average pace
Active listings
25
1.1 months supply
Sale-to-list
96.7%
Below asking
What does the Frankfort housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $209,500 |
| Median list price | $185,000 |
| Year-over-year price change | +28.9% |
| Average days on market | 23 days |
| Active inventory | 25 listings |
| Months of supply | 1.1 months |
| Sale-to-list price ratio | 96.7% |
| Median price per sq ft | $146/sq ft |
| Homes sold (latest month) | 22 |
| New listings (latest month) | 19 |
| Listings with a price cut | 48.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Frankfort by property type?
How the Frankfort, IN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $209,500 | $146/sq ft | 22 | 23 days |
| Condo / Co-op | $299,900 | $148/sq ft | 1 | 3 days |
Source: Redfin · Updated monthly
The Frankfort housing market is currently classified as a seller's market with a median sale price of $209,500. Prices have risen 28.9% compared to last year, with homes spending an average of 23 days on market, indicating 1.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Frankfort
There are currently 25 homes listed for sale in Frankfort, Indiana. The median listing price is $185K.
Active listings
25
Homes on market
Median list price
$185K
Avg. days on market
23
Days until sale
New this week
19
Newly listed
Who lives in Frankfort?
Population
15,536
Median income
$53,522/yr
Median age
35.1 years
Owner-occupied
58.7%
College grads
11.9%
Avg commute
18.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Frankfort?
Zillow home value
$218,431
Zillow rent index
$763/mo
Price-to-rent ratio
23.9x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Frankfort?
Frankfort is a community of approximately 16K residents with a median age of 35.1 years.The median household income is $53,522, which represents a working-class community with solid middle-income opportunities. 11.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 58.7%, showing a blend of owner and renter-occupied properties. The average commute time is 18.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Frankfort offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Frankfort?
7 schools tracked · 3,892 students
The largest public schools serving Frankfort, IN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Frankfort High School
Grades 9-12 · 901 students
Frankfort Middle School
Grades 6-8 · 664 students
Suncrest Elementary School
Grades PK-5 · 567 students
Clinton Prairie Jr-Sr High School
Grades 7-12 · 469 students
Blue Ridge Primary Elementary Sch
Grades PK-2 · 440 students
Green Meadows Intermediate Elem
Grades 3-5 · 430 students
Clinton Prairie Elementary School
Grades PK-6 · 421 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Frankfort, IN?
Want a head-to-head view? Compare Frankfort side-by-side with any other U.S. city using our market-comparison tool.
Is Frankfort a good real estate investment market?
For investors evaluating Frankfort, the price-to-rent ratio of 23.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 28.9% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Frankfort's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Frankfort's median home price.
Frequently asked questions
What is the average home price in Frankfort?
The median home sale price in Frankfort is $209,500, up 28.9% from last year.
How long do homes stay on market in Frankfort?
Homes typically spend 23 days on market before going under contract.
What is the median income in Frankfort?
The median household income is $53,522 per year.
Is Frankfort a buyer's or seller's market?
With 1.1 months of supply, Frankfort is currently a seller's market.
What is the Zillow home value estimate for Frankfort?
The Zillow Home Value Index (ZHVI) for Frankfort is $218,431, representing the typical home value in the area.
What is the median condo price in Frankfort?
The median condo/co-op sale price in Frankfort, IN is $299,900, compared to $209,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Frankfort?
The median single-family home price in Frankfort, IN is $209,500 (about $146 per square foot).
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