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Frankfort

Learn about the people, housing, costs and businesses in Frankfort, New York

Median Home$139,500
Median Rent$884/month
Population2,265
Leading IndustriesTransportation · Public Administration5% transportation
Home Value Growth⬆⬆⬆+30.2% over 2 years
Retirees23% of residentsslightly above average
Homeowners80% of occupied units
Frankfort
NY

Frequently Asked Questions

What are today's mortgage rates in Frankfort?

As of today, the 30-year fixed mortgage rate for Frankfort is approximately 7.030% (7.074% 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 Frankfort?

The median home value in Frankfort is $140k. The median monthly rent is $884. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frankfort?

Home values in Frankfort have increased 30.2% 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 Frankfort?

Based on a typical all-in ownership cost of $910/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 Frankfort is $58k/year.

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What industries drive the economy in Frankfort?

The largest employment sectors in Frankfort are public administration (29%) and wholesale trade (8%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.