Frankfort, IN Real Estate
According to census data in the year 2000 there were 6,677 housing units in Frankfort.
This represents a 8.6% growth from 6,146 in 1990.
Of those housing units, 6,667 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.
Homeownership rate in Frankfort is about 61.7%.
Frankfort's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Frankfort were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 16.60% |
| Two Bedrooms | 37.10% |
| Three Bedrooms | 34.10% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $76,600 |
| Median Price asked for vacant units | $73,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.80% |
| Home Equity Loan | 3.60% |
| Simple Mortgage | 54.20% |
| Debt Free | 34.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
