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Frankfort city, KY

ZIP 40601 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLarge CommunityLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 40601

Median Home Value
$199,900
Median Rent
$727
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,284/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

3.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

22.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 40601 in Frankfort city, KY, a household would need roughly $55,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,284. That sits below the local median household income ($67,125), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.6%-1% vs US avg
x
Vacancy Rate
6.3%-38% vs US avg
x
Broadband Access
85.4%-2% vs US avg
x
4+ Bedrooms
3.3%-78% vs US avg
x
Built Pre-1939
4.3%-66% vs US avg
x
Built Post-2014
0.8%-88% vs US avg
x
Rent Burden >30%
20.6%-59% vs US avg
x
Mortgage-Free
39.3%+3% vs US avg
x
$199,900
Home Value
$727
Rent
1978
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached66.1%
  • 1-unit attached2.8%
  • 2-9 units17.1%
  • 10+ units8.6%
  • Mobile home & other5.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$199,900
Median rent$727
Owner-occupied64.6%
Vacant6.3%
Price-to-income3.0x
Est. income to buy$55,000