Frankfort, IN home prices
Typical home $224,331 · +6.8% in a year · income needed $61,300
The Frankfort, IN metro area ranks 551 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.8% in a year and +40.9% over five years. With 20% down at 7.11%, the typical home costs about $1,431 a month including 0.6% property tax (Clinton County rate).
Mortgage on the typical Frankfort home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $44,866 | $179,465 | $1,207 | $0 | $224 | $1,431 | $61,300 |
| 10% down | $22,433 | $201,898 | $1,358 | $84 | $224 | $1,666 | $71,400 |
| 5% down | $11,217 | $213,115 | $1,434 | $89 | $224 | $1,746 | $74,800 |
| 3.5% down (FHA) | $7,852 | $220,268 | $1,482 | $99 | $224 | $1,805 | $77,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Frankfort area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Clinton County, IN | $224,260 | +6.8% | 0.6% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Frankfort?
The typical home in the Frankfort, IN metro area is worth $224,331 (Zillow, September 2026).
What salary do you need to buy a house in Frankfort?
About $61,300 a year for the typical home with 20% down at 7.11%.