Frankford, DE—19945
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankford, DE
As of Oct '25, the median home price in Frankford, DE is $480,000, with a year-over-year change of -3.5%. This indicates that home prices in Frankford, DE are decreasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | -3.5% |
| Single Family | $488,000 | -2.8% |
| Condos | $424,000 | -5.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | -3.8% |
3 Bed | $469,000 | -2.1% |
4 Bed | $602,000 | -3.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Frankford, DE
As of July '25, Rentcast reports the average rent in Frankford, DE is $2,660, with a year-over-year rent change of 15.7%. Per bedroom, the median rent as of July '25 in Frankford, DE is 1-bedrooms: $1,700, 2-bedrooms: $1,410, 3-bedrooms: $2,320, 4-bedrooms: $3,000. The most common rental property sizes in Frankford, DE are 3-bedroom and 2-bedroom, accounting for 51.9% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,480 | $2,660 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,410 | $1,410 |
| 3 Bed Rent | $2,300 | $2,320 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Frankford, DE
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankford, DE is 72. This is a decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | 5.0% |
Listing Count | 129 | -14.0% |
| Listings as % of Homes | 1.3% | -14.0% |
Days on Market | 72 | -7.0% |
Demographics — Frankford, DE
As of the latest ACS Survey released in 2023, Frankford, DE has a population of 8,920, which has increased by 34.5% over the past 5 years. Frankford, DE is a moderately popular place for families, as children make up 15.1% of the population. The area has a moderately educated workforce, with 31.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,920 | 34.5% |
% Under 18 | 15.1% | -3.2% |
% Seniors | 36.4% | 37.9% |
% WFH | 8.9% | 122.5% |
% w/ College Degree | 31.7% | 78.1% |
As of the latest ACS Survey released in 2023, Frankford, DE is a predominantly white area, with 76.5% of the population identifying as white. The white population has grown by 9.6% in the last 5 years. The second most common race or ethnicity in Frankford, DE is black, making up 12.2% of the population. Foreign-born residents account for 5.5% of the population in Frankford, DE, and this percentage has decreased by 38.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.5% | 9.6% |
% Black | 12.2% | 11.9% |
% Hispanic | 8.5% | -38.4% |
% Asian | 0.9% | -47.1% |
% Foreign Born | 5.5% | -38.9% |
Mortgage and Risk — Frankford, DE
According to HUD data as of 2023, there were 340 mortgage originations in Frankford, DE, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Frankford, DE. 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 | 340 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 31.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Frankford, DE
Frankford, DE lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$530 | $1,700 | $1,170 |
| 2 Bedroom | $130 | $1,410 | $1,540 |
| 3 Bedroom | -$360 | $2,300 | $1,940 |
| 4 Bedroom | -$580 | $3,000 | $2,420 |
Affordability — Frankford, DE
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $480,000 |
| Median Household Income | $86,000 |