Frankfort, IN housing market
The typical Frankfort home is worth about $218,000, up 6.1% in a year, 16% below the Indiana typical home. Homes typically sell in 23 days, below asking.
Home values, sales, trends and how Frankfort compares with the towns next door — updated as new data is published.
Frankfort at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Frankfort | Indiana |
|---|---|---|
| 2017 | $101,000 | $135,000 |
| 2018 | $101,000 | $144,000 |
| 2019 | $111,000 | $154,000 |
| 2020 | $122,000 | $164,000 |
| 2021 | $140,000 | $183,000 |
| 2022 | $159,000 | $209,000 |
| 2023 | $175,000 | $227,000 |
| 2024 | $187,000 | $237,000 |
| 2025 | $204,000 | $249,000 |
| 2026 | $211,000 | $256,000 |
| August 2026 | $218,000 | $260,000 |
32 new homes permitted in 2025
Builders were permitted 32 new homes in Frankfort in 2025: 30 single-family houses and 2 in buildings with two or more homes, worth about $7.7 million to build. That's 2 per 1,000 residents, slower than across Indiana (6). Over the past 10 years, Frankfort has permitted 216 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Frankfort gained 293 residents while 107 new homes were permitted: about 2.7 new residents per new home. Building and growth moved roughly in step. Across Indiana: 1.7 new residents per new home.
How Frankfort ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 20 | 20 | 0 | $4.1 million |
| 2025 | 32 | 30 | 2 | $7.7 million |
| 2024 | 23 | 23 | 0 | $6.1 million |
| 2023 | 11 | 11 | 0 | $2 million |
| 2022 | 27 | 27 | 0 | $5.7 million |
| 2021 | 18 | 18 | 0 | $3.1 million |
| 2020 | 9 | 9 | 0 | $1.7 million |
| 2019 | 7 | 5 | 2 | $685,000 |
| 2018 | 3 | 3 | 0 | $225,000 |
| 2017 | 77 | 4 | 73 | $5.6 million |
| 2016 | 9 | 9 | 0 | $682,000 |
| 2015 | 2 | 2 | 0 | $205,000 |
| 2014 | 4 | 4 | 0 | $600,000 |
| 2013 | 2 | 2 | 0 | $270,000 |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 3 | 3 | 0 | $290,000 |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 2 | 2 | 0 | $180,000 |
| 2008 | 2 | 2 | 0 | $97,000 |
| 2007 | 2 | 2 | 0 | $340,000 |
| 2006 | 8 | 8 | 0 | $806,000 |
| 2005 | 8 | 8 | 0 | $1.1 million |
| 2004 | 6 | 6 | 0 | $616,000 |
| 2003 | 13 | 13 | 0 | $1.5 million |
| 2002 | 13 | 13 | 0 | $1.3 million |
| 2001 | 32 | 24 | 8 | $2.1 million |
| 2000 | 34 | 30 | 4 | $3 million |
How Frankfort ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Frankfort and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Frankfort | $218K | +6.1% | $1,100 | 32 | $57,412 |
| Center | — | +5.7%† | $1,100 | — | $59,611 |
| Union | — | +5.7%† | $1,100 | — | $96,483 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical Frankfort home costs about 3.8 years of the town's median household income, about the same as across Indiana (3.6).
How Frankfort ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,100
HUD's Fair Market Rent for a two-bedroom in Frankfort is $1,100 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Frankfort pay a median of $898, so moving in tends to cost more than staying put. A two-bedroom takes about 23% of the town's median household income.
Studio $810 · 4 bedrooms $1,730
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (46041; Indianapolis-Carmel, IN HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Frankfort
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.