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Frankford

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

Median Home$349,492
Median Rent$1,116/month
Population1,071
Leading IndustriesTransportation · Wholesale Trade · Professional Services5% transportation
Home Value Growth⬆⬆⬆+28.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners81% of occupied units
Frankford
DE

Frequently Asked Questions

What are today's mortgage rates in Frankford?

As of today, the 30-year fixed mortgage rate for Frankford is approximately 6.915% (6.952% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Frankford?

The median home value in Frankford is $349k. The median monthly rent is $1,116. Annual property taxes average $1k. 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 28.6% 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 $913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frankford is $78k/year.

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What industries drive the economy in Frankford?

The largest employment sectors in Frankford are public administration (26%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.