Home prices
Frankfort's median home cost is $187,500. It is approximately $33,620 (21%) higher compared to its nearby areas.Compared to the nation as a whole it is about $30,000 (13%) lower, and compared to the city of Traverse City it is roughly $78,600 (29%) lower.
Rents
Frankfort's median rent is $629 a month. In comparison to its surrounding areas this is approximately $19 (3%) higher.In comparison to the country as a whole it is approximately $433 (40%) lower, and is roughly $276 (30%) lower in comparison to the city of Traverse City.
Nearby places
Beulah
Beulah is approximately 5 miles east of Frankfort. Its real estate prices are somewhat less expensive. The median home in Beulah is valued at $152,800, which comes out to $34,700 (22%) lower than Frankfort. Rents there are substantially less expensive. The median monthly rent in Beulah is $356, which is $273 (76%) lower than Frankfort.
Benzonia
Benzonia is roughly 5 miles east of Frankfort. Real estate prices there are substantially less expensive. Benzonia's median home cost is $116,100, which is $71,400 (61%) lower than Frankfort. The rent there is a little more expensive. In Benzonia the median rent is $675 per month, which is $46 (6%) higher than Frankfort.
Arcadia
Arcadia is approximately 9 miles south from Frankfort. The real estate prices there are somewhat less expensive. The median home price in Arcadia is $162,500, which works out to $25,000 (15%) lower than Frankfort. The rent there is a little more expensive. The median rent in Arcadia is $810 per month, which works out to $181 (22%) higher than Frankfort.
Honor
Honor is about 9 miles east of Frankfort. The housing prices there are significantly less expensive. The median home in Honor costs $110,600, which is $76,900 (69%) lower than Frankfort. Rents there are a bit more expensive. The median rent in Honor is $850 a month, which comes out to $221 (26%) higher than Frankfort.
Empire
Empire is roughly 13 miles northeast of Frankfort. Housing prices there are a little more expensive. The median home in Empire is valued at $227,400, which works out to $39,900 (17%) higher than Frankfort. Its rents are significantly less expensive. The median rent in Empire is $361 per month, which is $268 (74%) lower than Frankfort.
