Frankfort, OH—45628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Frankfort, OH
As of Oct '25, the median home price in Frankfort, OH is $221,000, with a year-over-year change of 2.1%. This indicates that home prices in Frankfort, OH are increasing. According to Zillow, the 1-year price projection is 1.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $221,000 | 2.1% |
| Single Family | $221,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $195,000 | 1.6% |
3 Bed | $263,000 | 2.7% |
4 Bed | $283,000 | 0.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Frankfort, OH
As of July '25, Rentcast reports the average rent in Frankfort, OH is $722, with a year-over-year rent change of -27.8%. Per bedroom, the median rent as of July '25 in Frankfort, OH is 1-bedrooms: $545, 2-bedrooms: $900. The most common rental property sizes in Frankfort, OH are 3-bedroom and 2-bedroom, accounting for 40.9% and 33.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $545 | $722 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $545 | $545 |
| 2 Bed Rent | $900 | $900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Frankfort, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Frankfort, OH is 58. This is a increase of 3.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $264,000 | 14.0% |
Listing Count | 21 | 58.0% |
| Listings as % of Homes | 0.3% | 58.0% |
Days on Market | 58 | 3.0% |
Demographics — Frankfort, OH
As of the latest ACS Survey released in 2023, Frankfort, OH has a population of 5,670, which has increased by 11.6% over the past 5 years. Frankfort, OH is a moderately popular place for families, as children make up 24.4% of the population. The area has a poorly educated workforce, with 15.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,670 | 11.6% |
% Under 18 | 24.4% | 2.1% |
% Seniors | 13.3% | -9.5% |
% WFH | 2.0% | -9.1% |
% w/ College Degree | 15.0% | -10.7% |
As of the latest ACS Survey released in 2023, Frankfort, OH is a predominantly white area, with 95.2% of the population identifying as white. The white population has grown by 2.5% in the last 5 years. The second most common race or ethnicity in Frankfort, OH is asian, making up 1.0% of the population. Foreign-born residents account for 1.0% of the population in Frankfort, OH, and this percentage has increased by 100.0% 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 | 95.2% | 2.5% |
% Black | 0.9% | -77.5% |
% Hispanic | 0.8% | -33.3% |
% Asian | 1.0% | ∞% |
% Foreign Born | 1.0% | 100.0% |
Mortgage and Risk — Frankfort, OH
According to HUD data as of 2023, there were 86 mortgage originations in Frankfort, OH, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Frankfort, OH. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 86 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Frankfort, OH
Frankfort, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 44 |
Total Units Section 8 | 29 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $345 | $545 | $890 |
| 2 Bedroom | $170 | $900 | $1,070 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,420 |
Affordability — Frankfort, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $221,000 |
| Median Household Income | $69,800 |