Frankfort
Frankfort city, Indiana
Frankfort, Indiana, offers a refreshing dose of Midwestern charm, especially attractive to those seeking respite from the financial pressures of larger cities. Imagine a place where a home costs a fraction of the national average, with the median home value hovering around an astonishing $111,200. This affordability extends to the overall cost of living, allowing residents to enjoy a comfortable lifestyle. While the median household income of $49,821 is below the national average, the significantly lower housing costs mean your dollar stretches much further here. Frankfort isn't about bustling nightlife; it's about friendly neighbors, community events, and a slower pace of life, making it an ideal location for families and those looking to downsize and simplify.
From an investment perspective, Frankfort presents a compelling opportunity. The housing market is stable, and the low entry point makes it accessible for first-time homebuyers or those looking to expand their portfolio. Although specific unemployment figures aren't available, the town has a strong sense of community and safety, with low crime rates. Frankfort's value proposition is clear: affordable living, a strong sense of community, and a chance to escape the rat race. This is the place for those who prioritize financial freedom and a welcoming environment above all else.
Frankfort, Indiana at a Glance
Frankfort is a city in Frankfort city, Indiana with a population of approximately 15,976. The median home value is $111,200 and the median household income is $49,821. It has a Walk Score of 47 out of 100, indicating car dependency. The violent crime rate is 0.0 per 1,000 residents, which is 100% below the national average. Air quality is rated Good. The overall climate risk is rated as "Relatively High." Median rent is $1,013 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.
Median Home Value
$111,200
Median Income
$49,821
Population
15,976
Walk Score
47
Air Quality
AQI 44
Good
Climate Risk
Relatively High
Good
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- Population
- 15,976
- Median Age
- N/A
- Median Household Income
- $49,821
33% below nat'l avg
- Bachelor's Degree+
- N/A
- Poverty Rate
- 11.0%
11% below nat'l avg
- Median Home Value
- $111,200
61% below nat'l avg
- Median Rent
- $1,013
13% below nat'l avg
- Homeownership Rate
- 35.0%
47% below nat'l avg
- Affordability Index
- 159
59% above nat'l avg
- Violent Crime Rate
- N/A
- Property Crime Rate
- 0.2 per 1K
99% below nat'l avg
- AQI
- 44
5% above nat'l avg
- Category
- Good
- Overall Risk
- Relatively High
- Risk Score
- 84.70
Top Hazards
- Overall
- Quiet
- Road Traffic
- N/A
- Aviation
- N/A
- Rail
- N/A
- Electricity Rate
- 14.6¢/kWh
12% below nat'l avg
- Est. Monthly Electric
- $131
4% below nat'l avg
- Total Schools
- 44
- Elementary
- 27
- Middle
- 6
- High School
- 8
- Avg. Enrollment
- 753
- Student-Teacher Ratio
- 17.3:1
- Free/Reduced Lunch
- 64.8%
- Title I Schools
- 0%
- Charter Schools
- 15.9%
Student Demographics
Nearby Schools
- Unemployment Rate
- 4.4%
19% above nat'l avg
- Poverty Rate
- 11.0%
11% below nat'l avg
Weather & Climate in Frankfort
Avg High
63°F
Avg Low
46°F
Annual Rainfall
43"
Avg Humidity
70%
Political Landscape
→ Politically stable
Based on Marion County county-level presidential election data
Culture & Things to Do in Frankfort
Frankfort Hot Dog Festival
Annual festival celebrating hot dogs with food vendors, contests, and entertainment.
Clinton County 4-H Fair
A county fair featuring agricultural exhibits, livestock shows, and carnival rides.
Frankfort Fall Festival
A community festival with arts and crafts, food vendors, and live music.
Christmas on the Square
Holiday celebration with lights, activities, and a tree lighting ceremony.
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