Real Estate Market Update for Frankfort, IN
Welcome to October's Market Update. Lets take a look at residential real-estate activity in your area during the month of September. The number of active listings was stable from one year earlier, and down 31% from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the previous month. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 100%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 120-thousand dollars. The number of units sold increased 100% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Frankfort, IN
Area Information for Frankfort, IN
  • Population: 16,053
  • Median Age: 35.5 yr
  • Median Commute Time: 16 mins
  • Educational Climate*: 3
  • Sales Tax: 7%
  • Population Density: 2,243/sq mi
  • Population Change Since 2000: -5.31%
  • Closest Airport: Indianapolis International
  • Closest College: Indiana University Kokomo
  • Closest Jr. College: Harrison College - Lafayette
  • Median Household Income: $41,360
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $78,906
  • Closest Major Sports Team: Indianapolis Indians (aaa)
  • Change Avg. Household Income Since 2000: 26.41%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Frankfort, IN
Median Age: 35.5 Married: 36% Number of Households: 5,712 Households with Children: 1,727
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Frankfort, IN

      School Name Distance Type Grades School Rating Parent Rating
      Suncrest Elementary School 3.7 mi Public K-5 1 0
      Frankfort Covenant Academy 4.0 mi Private K-12 0 0
      Clinton Prairie Elementary School 5.2 mi Public K-6 2 5
      Clinton Prairie Jr-sr High School 5.3 mi Public 7-12 4 4
      Blue Ridge Primary Elementary School 5.6 mi Public PRESCHOOL-2 0 0
      Green Meadows Intermediate Elementary 5.6 mi Public 3-5 1 0
      Frankfort Middle School 5.9 mi Public 6-8 1 0
      Frankfort Senior High School 6.0 mi Public 9-12 2 3
      Nouthesia Christian School 9.2 mi Private K-8 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Frankfort, IN
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.