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Featured local agent — Frankfort, KY
Sarah Mitchell
Compass Real Estate · Frankfort, KY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Frankfort, KY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Frankfort, KY housing market right now?
The median home sale price in Frankfort, KY is $225,000, down 4.6% year-over-year. Homes sell in an average of 53 days with 90 active listings. The market is currently a balanced 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, KY is currently a balanced market, based on 2.6 months of supply and homes selling in about 53 days. How we determine this →
Homes sold
34
Last 12 weeks
Days on market
53
Average pace
Active listings
90
2.6 months supply
Sale-to-list
97.2%
Below asking
What does the Frankfort housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $265,000 |
| Year-over-year price change | -4.6% |
| Average days on market | 53 days |
| Active inventory | 90 listings |
| Months of supply | 2.6 months |
| Sale-to-list price ratio | 97.2% |
| Median price per sq ft | $136/sq ft |
| Homes sold (latest month) | 34 |
| New listings (latest month) | 45 |
| Listings with a price cut | 45.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Frankfort by property type?
How the Frankfort, KY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $228,000 | $140/sq ft | 25 | 51 days |
| Condo / Co-op | $227,500 | $143/sq ft | 4 | 53 days |
| Townhouse | $225,000 | $155/sq ft | 1 | 63 days |
Source: Redfin · Updated monthly
The Frankfort housing market is currently classified as a balanced market with a median sale price of $225,000. Prices have fallen 4.6% compared to last year, with homes spending an average of 53 days on market, indicating 2.6 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 4.6x provides context for how home values compare to local earning capacity.
Homes for sale in Frankfort
There are currently 90 homes listed for sale in Frankfort, Kentucky. The median listing price is $265K.
Active listings
90
Homes on market
Median list price
$265K
Avg. days on market
53
Days until sale
New this week
45
Newly listed
Who lives in Frankfort?
Population
28,452
Median income
$54,438/yr
Median age
34.7 years
Owner-occupied
48.0%
College grads
27.9%
Avg commute
17.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Frankfort?
Zillow home value
$247,817
Zillow rent index
$1,151/mo
Price-to-rent ratio
17.9x
Price-to-income
4.6x
Source: Zillow Research
What is it like to live in Frankfort?
Frankfort is a community of approximately 28K residents with a median age of 34.7 years.The median household income is $54,438, which represents a working-class community with solid middle-income opportunities. 27.9% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 48.0%, showing a blend of owner and renter-occupied properties. The average commute time is 17.6 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?
19 schools tracked · 7,110 students
The largest public schools serving Frankfort, KY 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.
Franklin County High School
Grades 9-12 · 968 students
Western Hills High School
Grades 9-12 · 855 students
Elkhorn Middle School
Grades 6-8 · 720 students
Bondurant Middle School
Grades 6-8 · 599 students
Second Street School
Grades K-8 · 585 students
Collins Lane
Grades PK-5 · 536 students
Peaks Mill Elementary
Grades 1-5 · 430 students
Hearn Elementary
Grades 1-5 · 428 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, KY?
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 17.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 4.6% year-over-year, potentially creating entry opportunities for strategic buyers.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 $225,000, down 4.6% from last year.
How long do homes stay on market in Frankfort?
Homes typically spend 53 days on market before going under contract.
What is the median income in Frankfort?
The median household income is $54,438 per year.
Is Frankfort a buyer's or seller's market?
With 2.6 months of supply, Frankfort is currently a balanced market.
What is the Zillow home value estimate for Frankfort?
The Zillow Home Value Index (ZHVI) for Frankfort is $247,817, 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, KY is $227,500, compared to $228,000 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, KY is $228,000 (about $140 per square foot).
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