Similar to the surrounding areas, it's substantially less expensive compared to the nation as a whole. Compared to the city of Bloomington, it's significantly less expensive.
Home prices
The median home in Frankfort is valued at $83,400. Compared to its surrounding areas this is roughly $2,660 (3%) higher.It is approximately $134,100 (61%) lower compared to the entire nation, and compared to the city of Bloomington is roughly $117,300 (58%) lower.
Rents
In Frankfort the median rent is $711 a month. In comparison to its surrounding areas it is about $77 (9%) lower.It is roughly $351 (33%) lower compared to the nation as a whole, and compared to the city of Bloomington it is roughly $206 (22%) lower.
Nearby places
Michigantown
Michigantown is roughly 6 miles northeast of Frankfort. Its real estate prices are similar. The median home cost in Michigantown is $87,000, which works out to $3,600 (4%) higher than Frankfort. The rent there is somewhat more expensive. The median monthly rent in Michigantown is $796, which works out to $85 (10%) higher than Frankfort.
Mulberry
Mulberry is about 7 miles northwest from Frankfort. Housing prices there are somewhat more expensive. The cost of the median home in Mulberry is $97,700, which comes out to $14,300 (14%) higher than Frankfort. Its rents are somewhat more expensive. The median monthly rent in Mulberry is $919, which comes out to $208 (22%) higher than Frankfort.
Colfax
Colfax is about 8 miles southwest of Frankfort. Housing prices there are a bit less expensive. The median home in Colfax is valued at $76,600, which is $6,800 (8%) lower than Frankfort. Its rents are a little more expensive. The median monthly rent in Colfax is $816, which is $105 (12%) higher than Frankfort.
Kirklin
Kirklin is roughly 9 miles southeast from Frankfort. Housing prices there are a little less expensive. The value of the median home in Kirklin is $72,600, which comes out to $10,800 (14%) lower than Frankfort. Rents there are similar. Kirklin's median monthly rent is $728, which works out to $17 (2%) higher than Frankfort.
Clarks Hill
Clarks Hill is roughly 9 miles west of Frankfort. Real estate prices there are somewhat less expensive. The cost of the median home in Clarks Hill is $69,800, which comes out to $13,600 (19%) lower than Frankfort. Rents there are fairly similar. The median rent in Clarks Hill is $683 a month, which works out to $28 (4%) lower than Frankfort.
