Everything You Should Know Before Moving to Frankfort, KY
Considering a move to Frankfort, KY? This charming capital city of 28,391 residents offers affordable living, with median home prices around $182,500 and average rents near $900. Frankfort features a short 19-minute commute time, a moderate crime rate, and a relaxed pace of life. Education is anchored by Kentucky State University and solid public schools, while the climate brings warm summers, mild winters, and 56% sunny days per year. Discover Frankfort’s blend of history, affordability, and Southern hospitality in the details below.
Demographics - Frankfort, KY
Demographics - Frankfort, KY
Frankfort is home to about 28,400 residents, with a median age of nearly 40, reflecting a balanced mix of families and working professionals. The city is predominantly White (79%), with Black residents making up 13% of the population, and a small but notable percentage of non-English speakers. Its population density and gender ratio create a welcoming, close-knit community feel.
Population:
28,391
Density:
1,900 per sq mi
Median Age:
39.8
Gender Ratio:
90 males per 100 females
Non-English Speakers Percentage:
5.2%
Ethnic Composition
White:
78.8%
Black:
13.3%
Asian:
1.4%
Others:
6.5%
Cost Of Living
What is the average cost of living in Frankfort, KY?
Frankfort offers a notably affordable cost of living, with a median home value of $182,500 and average rents around $900 per month. Residents benefit from reasonable utility costs and a cost of living index well below the national average, making it an attractive destination for those seeking value. State taxes are flat at 5.0%, further contributing to financial stability.
Median House Value:
$182,500
Gross Rent:
$900
Monthly Electricity Charges:
$120
Auto Insurance:
$1,120
House Owner Cost With Mortgage:
$1,250
House Owner Cost Without Mortgage:
$430
State Taxes:
Low:
5.0%
|
High:
5.0%
Cost Of Living Index:
81.5
Grocery:
94.0
Housing:
65.0
Utilities:
90.0
Transportation:
85.0
Health Care:
86.0
Miscellaneous:
84.0
Crime
Is Frankfort, KY a safe place to live?
Frankfort maintains a moderate crime rate, with a 1 in 288 chance of experiencing violent crime and a 1 in 49 chance of property crime. The city’s safety profile is typical for small cities, providing peace of mind for families and individuals alike. Local law enforcement and community initiatives contribute to a secure living environment.
Violent Crimes Per 100k:
347
Property Crimes Per 100k:
2,025
Crime Index:
2,372
Chance Of Violent Crime:
1 in 288
Chance Of Property Crime:
1 in 49
Weather
What is the weather like in Frankfort, KY year-round?
Frankfort enjoys four distinct seasons, with warm summers reaching highs of 87°F and mild winters averaging 45°F. The city receives about 46 inches of rain annually and experiences sunshine 56% of the year, supporting a variety of outdoor activities. Seasonal changes are moderate, appealing to those who appreciate diverse weather without extremes.
Winter
Min:
26°F
Max:
45°F
Spring
Min:
45°F
Max:
70°F
Summer
Min:
65°F
Max:
87°F
Fall
Min:
47°F
Max:
71°F
Average Rainfall Inches:
46.0 inches
Sunny Days Percentage:
56%
Neighbors
Frankfort’s residents have a median household income of $54,300, with a family income average of $72,800 and a poverty rate of 16.5%. The majority of adults have at least a high school diploma, and commute times are short at just 19 minutes on average. This creates a community that is both accessible and diverse, fostering neighborly connections.
Median Income:
$27,900
Household Income:
$54,300
Family Income:
$72,800
Per Capita Income:
$29,200
Income Male:
$41,000
Income Female:
$34,000
Poverty Rate:
16.5%
Non English Speakers:
5.2%
Rent:
$900
Unemployment Rate:
4.3%
Public Transport Usage:
0.9%
Commute Time:
19.2 minutes
Education
High School or Higher:
89.6%
Bachelors or More:
28.2%
Education
How are the schools in Frankfort, KY?
Frankfort offers solid educational opportunities, highlighted by public schools like Franklin County High and the presence of Kentucky State University. Class sizes in local schools are manageable, and private options like Capital Day School are also available. The city’s proximity to larger colleges expands access to higher education and lifelong learning.
Public Schools
Name:
Franklin County High School
Street:
1100 East Main St
Phone:
502-695-6750
Students:
1,000
Student Teacher Ratio:
16.5
Name:
Elkhorn Middle School
Street:
1060 East Main St
Phone:
502-695-6740
Students:
700
Student Teacher Ratio:
16.2
Private Schools
Name:
Capital Day School
Street:
120 Deepwood Dr
Phone:
502-227-7121
Students:
180
Colleges
Name:
Kentucky State University
City:
Frankfort
State:
KY
Distance:
0 miles
Students:
2,200
Name:
Bluegrass Community & Technical College
City:
Lexington
State:
KY
Distance:
25 miles
Students:
11,000
Healthcare
Healthcare in Frankfort is anchored by the Frankfort Regional Medical Center, which provides comprehensive emergency and surgical care. With 1.9 physicians per 1,000 residents and over 91% health insurance coverage, access to medical services is strong. Residents can expect reliable healthcare resources close to home.
Major Hospitals
Name:
Frankfort Regional Medical Center
Address:
299 Kings Daughters Dr, Frankfort, KY 40601
Phone:
(502) 875-5240
Type:
General & Surgical
Emergency Services:
Yes
Physicians Per 1000:
1.9
Health Insurance Coverage:
91.2%
Health Care Index:
71.5
Housing Market
What is the housing market like in Frankfort, KY?
The housing market in Frankfort is accessible, with a median home price of $182,500 and average two-bedroom rents at $900. Just over half of residents own their homes, and home values have appreciated by nearly 5% in the past year. Vacancy and foreclosure rates remain low, indicating a stable and appealing real estate environment.
Median Home Price:
$182,500
Average Rent For 2 Bedroom:
$900
Owner Occupied Rate:
54.2%
Rental Vacancy Rate:
7.8%
Home Appreciation Rate (1yr):
4.7%
New Construction Rate:
1.2%
Foreclosure Rate:
0.8%
DMV Information
Frankfort residents can conveniently access driver services at the Kentucky Transportation Cabinet’s Division of Driver Licensing, located at 200 Mero St in the city. The local DMV provides licensing and vehicle services, with up-to-date information available on their official website. This ensures straightforward access to necessary transportation documentation.
State:
Kentucky
Department:
Kentucky Transportation Cabinet - Division of Driver Licensing
Address:
200 Mero St, Frankfort, KY 40622
Phone:
502-564-1257
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.