Median price for residential apartments in Frankfort, IN as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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61 Frankfort, IN 46041, USA apartments for sale
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Frankfort
According to statistics, the population in Frankfort, IN amounts to 16,226, which shows decline -1% compared to the previous year. The median age of the city’s residents is 34. The average household income is $41,982, shifting growth 3% from the past year, and the average property value in Frankfort, IN decline -1% to $79,000 throughout the year.
| Population | 16,226 |
| Median Age | 34 |
| Poverty Rate | 16% |
| Household Income | $41,982 |
| Number Of Employees | 7,110 |
| Median Property Value | $79,000 |
Household Income
The average household income in Frankfort, IN grew from $40,828 to $41,982 in the past year. This data is an estimate based upon 5,917 households in Frankfort, IN . The chart below presents how household income is distributed in Frankfort, IN in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Frankfort, IN shifted from $79,900 to $79,000 throughout the year. The subsequent graph indicates the share of properties in the given price range in Frankfort, IN in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Frankfort, IN properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Frankfort, IN compared to median property taxes around the country. The prevalent amount of property taxes in Frankfort, IN equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Frankfort, IN 46041, USA
Average apartment sale in Frankfort: $195,768 (-0.8%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| 2-bed apartments | $194,625 | +0.9% |
| 3-bed apartments | $197,977 | +2.5% |
| 4+ bed apartments | $180,361 | -9.8% |
During Jan 2023, the average price for an apartment in/near Frankfort, IN decreased by 0.8% to $195,768.
The average price of the land for sale in Frankfort, IN has not changed significantly since last month, being $350,000. Asking price for 2-bed apartment also increased by 0.9% and a place of this size will now cost you $194,625. A 3-bed apartment goes for $197,977, it increased by 2.5% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 9.8% and made it down to $180,361.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $195,768 | +1.2% |
Price reports demonstrate that house price increased by 1.2% this month making it up to $195,768. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $350,000.
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