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Frankfort city, IN

ZIP 46041 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46041

Median Home Value
$154,100
Median Rent
$674
Affordability Snapshot
$42,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$990/mo PITI).

13%
Rent-to-Income Ratio

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

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

19.1 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 46041 in Frankfort city, IN, a household would need roughly $42,000 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 $990. That sits below the local median household income ($60,716), 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
70.7%+8% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
83.1%-4% vs US avg
x
4+ Bedrooms
3.9%-74% vs US avg
x
Built Pre-1939
5.9%-54% vs US avg
x
Built Post-2014
0.2%-98% vs US avg
x
Rent Burden >30%
11.5%-77% vs US avg
x
Mortgage-Free
41.5%+9% vs US avg
x
$154,100
Home Value
$674
Rent
1957
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached82.6%
  • 1-unit attached1.2%
  • 2-9 units9.4%
  • 10+ units4.0%
  • Mobile home & other2.8%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$154,100
Median rent$674
Owner-occupied70.7%
Vacant9.2%
Price-to-income2.5x
Est. income to buy$42,000