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Frankston

Learn about the people, housing, costs and businesses in Frankston, Texas

Median Home$182,214
Median Rent$978/month
Population1,291
Leading IndustriesHealthcare · Arts, Food & Hospitality · Retail14% healthcare
Home Value Growth⬆⬆⬆+23.1% over 2 years
Young Adults23% of residents
Homeowners87% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
Frankston
TX

Frequently Asked Questions

What are today's mortgage rates in Frankston?

As of today, the 30-year fixed mortgage rate for Frankston is approximately 6.901% (6.937% 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 Frankston?

The median home value in Frankston is $182k. The median monthly rent is $978. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Frankston?

Home values in Frankston have increased 23.1% 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 Frankston?

Based on a typical all-in ownership cost of $813/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Frankston is $72k/year.

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What industries drive the economy in Frankston?

The largest employment sectors in Frankston are public administration (22%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.