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Frankfort, KY

Full City Profile · Kentucky · Franklin County County

3.1 /5.0
B Good
28,452 Population 1,926/sq mi density
$54,438 Median Income $35,369 per capita
$171,600 Home Value $242,757 Zillow
$935 Median Rent 27.9% income on rent
57°F Avg Temperature 293 sunny days/yr
292 Violent Crime/100K 3,427 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$54,438 median income, 4.6% unemployment
A+
Affordability
4.9 / 5.0
$171,600 home value, $935/mo rent
F
Safety
1.0 / 5.0
292 violent crimes/100K
B
Education
3.2 / 5.0
27.9% bachelor's degree or higher

Housing Overview

Median Home Value
$171,600
39% below
US avg: $281,900
Median Rent
$935/mo
20% below
US avg: $1,163/mo
Homeownership Rate
48.0%
27% below US avg (65.4%)
Total Housing Units
13,492
Median year built: 1971

Home Value by Source

Census Median
$171,600
Zillow (ZHVI)
$242,757
Median Sale Price
$243,000
Median List Price
$244,950
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

48.0%
Owner-Occupied
52.0%
Renter-Occupied
48%
52%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$719/mo
1 Bedroom
$794/mo
2 Bedroom
$984/mo
3 Bedroom
$1,277/mo
4 Bedroom
$1,442/mo
Census median rent: $935/mo · Zillow rent: $1,102/mo

Market Indicators (Redfin)

Median Days on Market
91 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
22
Price Drops
21.6%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
74
homes for sale

Affordability & Housing Stock

Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
48.0%

Complete Housing Data

Home Values

Census Median Value$171,600
Zillow Home Value (ZHVI)$242,757
Median Sale Price$243,000
Median List Price$244,950
Price Per Sq Ft$148

Rent

Census Median Rent$935
Zillow Rent (ZORI)$1,102
FMR Studio$719
FMR 1-Bedroom$794
FMR 2-Bedroom$984
FMR 3-Bedroom$1,277
FMR 4-Bedroom$1,442

Market

Days on Market91
Sale-to-List Ratio0.9%
Price Drops21.6%
Homes Sold22
Active Inventory74
Price Per Sq Ft$148

Ownership & Stock

Owner-Occupied48.0%
Renter-Occupied52.0%
Homeownership Rate48.0%
Total Housing Units13,492
Median Year Built1971
Rent Burden27.9%