Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Frankford

Learn about the people, housing, costs and businesses in Frankford, Missouri

Median Home$151,100
Median Rent$822/month
Population364
Leading IndustriesPublic Administration · Professional Services31% public administration
Home Value Growth⬆⬆⬆+34.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners82% of occupied units
NotableAffordable Market$151k median home · lower cost than 74% of the country
Frankford
MO

Frequently Asked Questions

What are today's mortgage rates in Frankford?

As of today, the 30-year fixed mortgage rate for Frankford is approximately 7.027% (7.068% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Frankford
What is the median home price in Frankford?

The median home value in Frankford is $151k. The median monthly rent is $822. Annual property taxes average $935. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frankford?

Home values in Frankford have increased 34.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Frankford?

Based on a typical all-in ownership cost of $630/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $27k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frankford is $66k/year.

Calculate your buying power
What industries drive the economy in Frankford?

The largest employment sectors in Frankford are public administration (31%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.