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City · 15,917 residents · Clinton County, Indiana

Frankfort , Indiana

In Frankfort, a typical home is worth $138,600 and typical rent is $898 a month. Compared with all of Clinton County, the typical home value is 16% lower, typical household income is 12% lower, and the share of households that own their home is 14 points lower.

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  • Typical home value

    $138,600

    16% below the county

    36% below Indiana

    • Frankfort
    • Clinton
    • Indiana

  • Typical rent

    $898a month

    2% below the county

    15% below Indiana

    • Frankfort
    • Clinton
    • Indiana

  • Typical household income

    $57,412a year

    12% below the county

    20% below Indiana

    • Frankfort
    • Clinton
    • Indiana

  • Households that own their home

    60%

    14 points below the county

    10 points below Indiana

    • Frankfort
    • Clinton
    • Indiana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$212,261
6.2% more than 12 months ago
Typical rent
$939 a month

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Frankfort is in Clinton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Clinton County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Frankfort apart

What this place has that others do not, from public data, most unusual first.

  1. 60% of households in Frankfort own their home, against 74% in Clinton County.

  2. According to Zillow, in the 12 months to September 2026 the typical home value in Frankfort rose 6.2%; in Indiana, it rose 2.9%.

  3. The typical home in Frankfort is worth $138,600, 16% less than in Clinton County as a whole ($164,100).

Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data

The homes here

Housing in Frankfort

What homes there are in Frankfort, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

In Frankfort, 8 in 10 homes are single-family detached houses; in Clinton County, 8.

Year built

In Frankfort, half of the homes were built before 1952; in Clinton County, before 1957.

There are fewer big homes in Frankfort than in Clinton County: 55% have 3 bedrooms or more, against 68%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

At least 99% of owner-occupied homes in Frankfort are worth less than $500,000, below the FHA loan limit for Clinton County ($541,287).

Monthly rent with utilities

With a mortgage

$1,084 a month

Clinton County: $1,219 a month

Without a mortgage

$443 a month

Clinton County: $460 a month

Owners with a mortgage

52%

Clinton County: 58%

The typical cost for an owner with a mortgage in Frankfort is $1,084 a month, less than in Clinton County ($1,219); without one, $443.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

From 2015–2019 to 2020–2024, the typical home value in Frankfort rose 66%; in Clinton County, it rose 47%.

Rents in Frankfort rose at about the same pace as in Clinton County: 26% since 2015–2019, against 27%.

The typical household income in Frankfort rose 40% over that time; home values changed +66% and rent +26%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureFrankfortClinton CountyIndianaUnited States
Rental vacancy Unreliable estimateUnreliable estimate5.6%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.8%0.9%
More than one person per room Unreliable estimate1.6%1.8%3.4%
People per household 2.592.592.462.53
Drive alone 82%82%76%69%
Carpool 12%10%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike Unreliable estimateUnreliable estimate2%3%
Work from home 4%6%11%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute 10 to 19 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Clinton County, a household in Frankfort has 2.59 people on average.

The car rules in Frankfort: 82% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Frankfort?

A typical home is within reach of the typical income

We start with a typical home in Frankfort, worth $138,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 23% of the typical household income in Frankfort, which is $57,412 a year.

The calculator's FHA and conventional loan limits are those of all of Clinton County.

Your numbers

Local data
$

Starts at the typical home value in Frankfort. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $4,851 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,121

at 7.18% · 30 years

Loan amount
$136,090
Total interest
$195,801
Paid off in
November 2056

Includes $2,341 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,340 a month

    Your payment · 23%

  • Tight

    $1,340 to $1,722 a month

  • Hard

    more than $1,722 a month

Compared with the typical household income in Frankfort ($57,412 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,121
Principal & interest$922
Property tax$80
Home insurance$58
FHA mortgage insurance (MIP)$61

You need at least $4,851 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Frankfort and Clinton County

Frankfort is in Clinton County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Frankfort's own numbers

Typical home value
$138,600
Typical monthly rent
$898
Typical yearly household income
$57,412
Households that own their home
60%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Clinton County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,063
Price change over 5 years (FHFA)
+68%
Homes in a high flood-risk zone
0.9%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Clinton County.

Everything about Clinton County

Buying

Buying a home in Frankfort

A typical home in Frankfort is worth $138,600: 16% below the county and 36% below Indiana. With the typical household income in Frankfort ($57,412 a year), a typical home costs 2.4 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Frankfort 2.4 years
  • Clinton 2.5 years
  • Indiana 3.0 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Clinton County

According to FHFA’s house price index, home prices in Clinton County rose 122% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Clinton County.

Period County Indiana U.S.
Last year (2025) +5.5% +4.3% +2.9%
5 years (2020–2025) +68% +53% +47%
10 years (2015–2025) +122% +95% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Frankfort next to Clinton County, Indiana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Frankfort $138,600
  • Clinton $164,100
  • Indiana $218,200
  • United States $332,700
Typical monthly rent
  • Frankfort $898
  • Clinton $920
  • Indiana $1,062
  • United States $1,413
Typical yearly household income
  • Frankfort $57,412
  • Clinton $65,019
  • Indiana $71,957
  • United States $80,734
See the full table
Frankfort next to Clinton County and Indiana
Measure Frankfort Clinton County Indiana U.S.
Typical home value $138,600 $164,100 $218,200 $332,700
Typical monthly rent $898 $920 $1,062 $1,413
Typical yearly household income $57,412 $65,019 $71,957 $80,734
Households that own their home 60% 74% 71% 65%
Typical yearly property tax $958 $980 $1,614 $3,119
Effective property tax rate 0.69% 0.6% 0.74% 0.94%
Renters with high rent for their income 37% 38% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Clinton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Frankfort

For a typical $138,600 home in Frankfort, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Frankfort's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,121a month

    Least cash to close
    Down payment
    $4,851
    Cash to close
    $9,009
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $61

  • Conventional, 5% down $1,095a month

    Down payment
    $6,930
    Cash to close
    $11,088
    Rate
    7.18%
    Mortgage insurance
    PMI · $66

  • Conventional, 20% down, no PMI $889a month

    Down payment
    $27,720
    Cash to close
    $31,878
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,017a month

    Down payment
    $20,790
    Cash to close
    $24,948
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Frankfort and for Clinton County.

Property tax

Effective rate in Frankfort

0.69%of the home’s value each year

$958 a year for the typical owner in Frankfort.

  • Frankfort 0.69%
  • Clinton 0.6%
  • Indiana 0.74%

What Indiana publishes Homestead standard deduction: the amount drops each year (Indiana Department of Local Government Finance (DLGF), Form HC10)

Exemptions and deadlines in Indiana

Flood risk in Clinton County

FEMA does not publish these numbers by city: they are for all of Clinton County.

Homes in the high-risk zone
0.9%
115
Of those, with NFIP insurance
28%
County Indiana U.S.
Homes in the high-risk zone 0.9% 2.3% 3.5%
Of those, with NFIP insurance 28% 17% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Frankfort

Typical rent in Frankfort is $898 a month: 2% below the county. In Frankfort, 37% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Clinton County, by unit size. To pay the 2-bedroom one ($1,063 a month) without spending more than 30% of your income, you would need to earn $20.44 an hour working full time.

HUD fair market rent for all of Clinton County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $850 $16.35 $34,000
1 bedroom $855 $16.44 $34,200
2 bedrooms $1,063 $20.44 $42,520
3 bedrooms $1,416 $27.23 $56,640
4 bedrooms $1,445 $27.79 $57,800

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Frankfort

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Frankfort is in ZIP code 46041.

For 2 bedrooms it is $1,040: $23 less than the fair market rent for Clinton County ($1,063).

  • 46041 $1,040$1,380

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Frankfort when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Frankfort

HUD lists 3 buildings with rents for lower incomes in Frankfort. These are the largest.

  • Wilshire Court Apartments 1411 Wilshire Dr, Frankfort 46041 65 low-income homes · For older adults (765) 659-2359
  • Wesley Manor Southside 1007 Alhambra Ave, Frankfort 46041 50 low-income homes · 1 bd: 20 · 2 bd: 30 · In service since 2016 · For older adults
  • Frankfort Place Apts 701 Stone Ridge Dr, Frankfort 46041 36 low-income homes · 1 bd: 18 · 2 bd: 18 · In service since 1999

See all 4 buildings in Clinton County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Frankfort

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

We found no HUD-approved agencies with an office in Clinton County. The nearest ones are below; many serve by phone or online.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Frankfort

No down payment, repair or rent-help program on our list is for Frankfort or Clinton County. The ones below are statewide in Indiana: they work in Frankfort the same as in the rest of the state.

Which programs do I qualify for? All programs in Indiana

  • Next Home

    Statewide in Indiana

    Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Type not stated

    See the program Official page

  • First Step

    Statewide in Indiana

    Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends. Offered by Indiana Housing and Community Development Authority (IHCDA).

    Deferred

    See the program Official page

Housing counselors near Frankfort

The HUD-approved agencies closest to the center of Frankfort, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity of Greater Indianapolis

    3135 N Meridian St, Indianapolis · 38 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 777-6084

  • Indianapolis Neighborhood Housing Partnership Homeownership Center at Glendale

    2960 N Meridian St, Indianapolis · 38 miles away

    • Pre-purchase counseling
    • Homebuyer education workshops
    (317) 610-4663

  • Indianapolis Neighborhood Housing Partnership

    2690 N Meridian St, Indianapolis · 38 miles away · Spanish

    • Budget and financial counseling
    • Budget and credit workshops
    • and 2 more
    (317) 610-4663

All counseling agencies in Indiana

Help in Spanish near Frankfort

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Frankfort

HUD lists no housing authority with an office in Clinton County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Indiana Source: HUD

Cities

Nearby cities

The cities closest to Frankfort, with the typical home value.

Everything about Clinton County Housing in Indiana

Neighboring counties

If Clinton County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Frankfort.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Frankfort

Short answers with the numbers for Frankfort and all of Clinton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Frankfort?

The typical home value in Frankfort is $138,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Clinton County it is $164,100.

How much does it cost to rent in Frankfort?

Typical rent in Frankfort is $898 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Clinton County is $1,063.

What is the FHA loan limit in Frankfort?

Frankfort uses the FHA limit for all of Clinton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Frankfort?

The typical homeowner in Frankfort pays $958 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Clinton County, the rate is 0.6%.

Where can I find free help to buy or rent in Frankfort?

We found no HUD-approved counseling agencies with an office in Clinton County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).