Everything You Should Know Before Moving to Frankfort, IN
Considering a move to Frankfort, IN? This welcoming city of 16,370 offers affordable living with median home prices around $109,000 and average rents of $800. Residents enjoy a short average commute of 19 minutes, 64% sunny days per year, and easy access to local healthcare. While crime rates are moderate, Frankfort stands out for its low cost of living and friendly community. Check below for more info on housing, schools, and what life is like in Frankfort!
Demographics - Frankfort, IN
Demographics - Frankfort, IN
Frankfort is home to approximately 16,370 residents, with a median age of 34.1 years and a slightly higher proportion of males. The city is diverse, with about 62.5% identifying as White and 19% of residents speaking a language other than English at home. Population density is moderate, fostering a close-knit small-town atmosphere.
Population:
16,370
Density:
2,400 per sq mi
Median Age:
34.1
Gender Ratio:
102 males per 100 females
Non-English Speakers Percentage:
19.0%
Ethnic Composition
White:
62.5%
Black:
1.2%
Asian:
0.5%
Others:
35.8%
Cost Of Living
What is the average cost of living in Frankfort, IN?
Living in Frankfort is budget-friendly, with a cost of living index of 78, well below the national average. Median home values are around $109,000, and typical monthly rents are about $800, making housing particularly affordable. Essential expenses like groceries and utilities are also cost-effective, appealing to those seeking value for their money.
Median House Value:
$109,000
Gross Rent:
$800
Monthly Electricity Charges:
$125
Auto Insurance:
$1,050
House Owner Cost With Mortgage:
$1,050
House Owner Cost Without Mortgage:
$410
State Taxes:
Low:
3.15%
|
High:
5.25%
Cost Of Living Index:
78.0
Grocery:
92.0
Housing:
60.0
Utilities:
97.0
Transportation:
92.0
Health Care:
94.0
Miscellaneous:
88.0
Crime
Is Frankfort, IN a safe place to live?
Frankfort experiences moderate crime rates, with a chance of property crime at about 1 in 50 and violent crime at roughly 1 in 313. The city's overall crime index suggests residents should practice standard safety precautions but can generally enjoy a sense of community security. Most neighborhoods are considered safe, especially compared to larger urban areas.
Violent Crimes Per 100k:
320
Property Crimes Per 100k:
1,980
Crime Index:
2,300
Chance Of Violent Crime:
1 in 313
Chance Of Property Crime:
1 in 50
Weather
What is the weather like in Frankfort, IN year-round?
Frankfort enjoys four distinct seasons, with warm summers reaching highs of 85°F and cold winters dipping to 18°F. The area receives about 40 inches of rainfall annually and boasts 64% sunny days, allowing for plenty of opportunities to enjoy outdoor activities throughout the year. Seasonal changes offer a classic Midwestern climate experience.
Winter
Min:
18°F
Max:
36°F
Spring
Min:
39°F
Max:
65°F
Summer
Min:
63°F
Max:
85°F
Fall
Min:
41°F
Max:
67°F
Average Rainfall Inches:
39.7 inches
Sunny Days Percentage:
64%
Neighbors
Residents of Frankfort typically earn a median household income of about $54,700, with a family income averaging $61,500. The poverty rate is 16.5%, while unemployment remains relatively low at 3.6%. Most neighbors commute around 19 minutes, and the community is known for its hardworking, welcoming spirit.
Median Income:
$38,000
Household Income:
$54,700
Family Income:
$61,500
Per Capita Income:
$20,800
Income Male:
$42,500
Income Female:
$33,700
Poverty Rate:
16.5%
Non English Speakers:
19.0%
Rent:
$800
Unemployment Rate:
3.6%
Public Transport Usage:
0.5%
Commute Time:
19.2 minutes
Education
High School or Higher:
75.8%
Bachelors or More:
13.5%
Education
How are the schools in Frankfort, IN?
Frankfort offers a range of educational options, including public schools like Frankfort Senior High School and Suncrest Elementary, which feature favorable student-teacher ratios. Private schooling is available through St. Mary School, and higher education opportunities are close by at Ivy Tech Community College in nearby Lafayette. The community values education, with over 75% of adults holding a high school diploma or higher.
Public Schools
Name:
Frankfort Senior High School
Street:
1 S Maish Rd
Phone:
765-654-8545
Students:
875
Student Teacher Ratio:
15.8
Name:
Suncrest Elementary School
Street:
1608 W Kyger St
Phone:
765-659-6265
Students:
490
Student Teacher Ratio:
17.2
Private Schools
Name:
St. Mary School
Street:
600 St Mary Ave
Phone:
765-654-5301
Students:
160
Colleges
Name:
Ivy Tech Community College - Lafayette
City:
Lafayette
State:
IN
Distance:
25 miles
Students:
7,000
Healthcare
Healthcare in Frankfort is anchored by Clinton County Hospital, offering comprehensive services and emergency care. The city provides good access to medical professionals, with 1.7 physicians per 1,000 residents and over 91% health insurance coverage. Healthcare is accessible and reliable for most residents.
Major Hospitals
Name:
Clinton County Hospital
Address:
810 S Jackson St, Frankfort, IN 46041
Phone:
(765) 656-3000
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.7
Health Insurance Coverage:
91.8%
Health Care Index:
68.5
Housing Market
What is the housing market like in Frankfort, IN?
Frankfort's housing market is notably affordable, with a median home price of $109,000 and average rent for a two-bedroom apartment at $800. Over 61% of homes are owner-occupied, and the local market has seen a steady appreciation rate of 6.2% in the past year. Rental options remain available, with a moderate vacancy rate supporting both buyers and renters.
Median Home Price:
$109,000
Average Rent For 2 Bedroom:
$800
Owner Occupied Rate:
61.2%
Rental Vacancy Rate:
7.1%
Home Appreciation Rate (1yr):
6.2%
New Construction Rate:
0.6%
Foreclosure Rate:
0.8%
DMV Information
Local DMV services are provided by the Indiana Bureau of Motor Vehicles at 300 W Walnut St, offering convenient access for licensing and registration needs. Residents can reach the office by phone or use the state’s online portal for many transactions. The process is generally efficient, reflecting Indiana's user-friendly motor vehicle system.
State:
Indiana
Department:
Indiana Bureau of Motor Vehicles
Address:
300 W Walnut St, Frankfort, IN 46041
Phone:
888-692-6841
Website:
Disclaimer: The information provided on this page is based on publicly available sources including AccuWeather, U.S. Census Bureau, local government data, and third-party partners such as Neustar. While we strive to ensure accuracy, all data is provided “as is” and should be independently verified before making any decisions. Movers.com makes no guarantees regarding the completeness or reliability of the information.