Frankfort, NY—13340
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankfort, NY
As of Oct '25, the median home price in Frankfort, NY is $210,000, with a year-over-year change of 6.0%. This indicates that home prices in Frankfort, NY are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $210,000 | 6.0% |
| Single Family | $210,000 | 6.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $166,000 | 5.7% |
3 Bed | $221,000 | 5.7% |
4 Bed | $248,000 | 6.9% |
| 5 Bed | $251,000 | 10.1% |
% of Housing Stock
Rental Trends — Frankfort, NY
As of July '25, Rentcast reports the average rent in Frankfort, NY is $2,020, with a year-over-year rent change of 100.0%. Per bedroom, the median rent as of July '25 in Frankfort, NY is 2-bedrooms: $1,380, 3-bedrooms: $3,300. The most common rental property sizes in Frankfort, NY are 2-bedroom and 3-bedroom, accounting for 42.1% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $950 | $1,380 |
| 3 Bed Rent | $3,300 | $3,300 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Frankfort, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankfort, NY is 93. This is a increase of 48.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $224,000 | -17.0% |
Listing Count | 22 | 14.0% |
| Listings as % of Homes | 0.7% | 14.0% |
Days on Market | 93 | 48.0% |
Demographics — Frankfort, NY
As of the latest ACS Survey released in 2023, Frankfort, NY has a population of 7,320, which has decreased by -9.3% over the past 5 years. Frankfort, NY is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 22.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,320 | -9.3% |
% Under 18 | 19.4% | -11.0% |
% Seniors | 19.7% | 11.9% |
% WFH | 10.0% | 316.7% |
% w/ College Degree | 22.3% | -4.3% |
As of the latest ACS Survey released in 2023, Frankfort, NY is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Frankfort, NY is black, making up 2.5% of the population. Foreign-born residents account for 8.5% of the population in Frankfort, NY, and this percentage has increased by 60.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 91.2% | -4.8% |
% Black | 2.5% | 257.1% |
% Hispanic | 1.1% | -38.9% |
% Asian | 0.5% | ∞% |
% Foreign Born | 8.5% | 60.4% |
Mortgage and Risk — Frankfort, NY
According to HUD data as of 2023, there were 112 mortgage originations in Frankfort, NY, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Frankfort, NY. Investor activity is low, as 2.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 112 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Frankfort, NY
Frankfort, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 22 |
Total Units Section 8 | 22 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | 89.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $870 |
| 2 Bedroom | $140 | $950 | $1,090 |
| 3 Bedroom | -$1,990 | $3,300 | $1,310 |
| 4 Bedroom | N/A | N/A | $1,550 |
Affordability — Frankfort, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $210,000 |
| Median Household Income | $69,900 |