According to statistics, the population in Frankford, DE amounts to 836, which shows decline 0% compared to the previous year. The median age of the city’s residents is 33. The average household income is $44,265, shifting growth 8% from the past year, and the average property value in Frankford, DE decline -10% to $164,700 throughout the year.
|Number Of Employees||347|
|Median Property Value||$164,700|
The average household income in Frankford, DE grew from $41,146 to $44,265 in the past year. This data is an estimate based upon 250 households in Frankford, DE . The chart below presents how household income is distributed in Frankford, DE in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Frankford, DE shifted from $182,500 to $164,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Frankford, DE in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Frankford, DE properties falls in the '$125,000 to $149,999' range, which is lower than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Frankford, DE compared to median property taxes around the country. The prevalent amount of property taxes in Frankford, DE equals $800, which is less than the national average.
|Apartment Size||Aug||vs Last Month|
|1 bed for sale||$242,500||N/A|
|2 bed for sale||$241,333||-38.3%|
|3 bed for sale||$475,184||-24%|
|4+ bed for sale||$423,965||-26.1%|
During Aug 2022, the average price for an apartment in/near Frankford, DE decreased by 24.9% to $419,136.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $242,500 with no changes this month. Asking price for 2-bed apartment also decreased by 38.3% and a place of this size will now cost you $241,333. A 3-bed apartment goes for $475,184, it decreased by 24% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 26.1% and made it down to $423,965.
|Listing Type||Aug||vs Last Month|
|Lofts for sale||$525,950||-17.8%|
|Houses for sale||$449,474||-23.2%|
|Condos for sale||$349,900||N/A|
|Land for sale||$99,950||-32.2%|
Price reports demonstrate that house price decreased by 23.2% this month making it up to $449,474. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $349,900. The price dynamics of lofts changed, it decreased by 17.8%, the price tag now starts at $525,950.