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Frankfort, MI
Full City Profile · Michigan · Benzie County County
3.1
/5.0
B
Good
1,158
Population
833/sq mi density
$51,813
Median Income
$37,193 per capita
$305,600
Home Value
$493,821 Zillow
$749
Median Rent
29.1% income on rent
47°F
Avg Temperature
270 sunny days/yr
233
Violent Crime/100K
698 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$51,813 median income, 1.6% unemployment
B
Affordability
3.3 / 5.0
$305,600 home value, $749/mo rent
F
Safety
1.0 / 5.0
233 violent crimes/100K
A
Education
4.1 / 5.0
38.9% bachelor's degree or higher
Housing Overview
Median Home Value
$305,600
8% above
US avg: $281,900
Median Rent
$749/mo
36% below
US avg: $1,163/mo
Homeownership Rate
62.4%
5% below US avg (65.4%)
Total Housing Units
879
Median year built: 1971
Home Value by Source
Census Median
$305,600
Zillow (ZHVI)
$493,821
Median Sale Price
$515,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
62.4%
Owner-Occupied
37.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$749/mo
Market Indicators (Redfin)
Median Days on Market
146 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
2
Price Drops
4.8%
of listings with price reduction
Price Per Sq Ft
$379
Active Inventory
21
homes for sale
Affordability & Housing Stock
Rent Burden
29.1%
of renters spending 30%+ of income on housing
6% below US avg (31.0%)
Median Year Built
1971
Average age of housing stock: 55 years
Homeownership Rate
62.4%
Complete Housing Data
Home Values
| Census Median Value | $305,600 |
| Zillow Home Value (ZHVI) | $493,821 |
| Median Sale Price | $515,000 |
| Price Per Sq Ft | $379 |
Rent
| Census Median Rent | $749 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 146 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 4.8% |
| Homes Sold | 2 |
| Active Inventory | 21 |
| Price Per Sq Ft | $379 |
Ownership & Stock
| Owner-Occupied | 62.4% |
| Renter-Occupied | 37.6% |
| Homeownership Rate | 62.4% |
| Total Housing Units | 879 |
| Median Year Built | 1971 |
| Rent Burden | 29.1% |