Frankfort, KY home prices
Typical home $254,264 · +0.6% in a year · income needed $71,300
The Frankfort, KY metro area ranks 438 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +0.6% in a year and +33.5% over five years. With 20% down at 7.11%, the typical home costs about $1,663 a month including 0.79% property tax (Franklin 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 | $50,853 | $203,411 | $1,368 | $0 | $295 | $1,663 | $71,300 |
| 10% down | $25,426 | $228,838 | $1,539 | $95 | $295 | $1,930 | $82,700 |
| 5% down | $12,713 | $241,551 | $1,625 | $101 | $295 | $2,021 | $86,600 |
| 3.5% down (FHA) | $8,899 | $249,659 | $1,679 | $112 | $295 | $2,087 | $89,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% 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 |
|---|---|---|---|
| Franklin County, KY | $248,638 | +0.0% | 0.79% |
| Anderson County, KY | $263,940 | +1.5% | 0.75% |
What can you afford in Kentucky on your salary? · Kentucky home prices · Salaries in Kentucky
Frequently asked questions
How much is a house in Frankfort?
The typical home in the Frankfort, KY metro area is worth $254,264 (Zillow, September 2026).
What salary do you need to buy a house in Frankfort?
About $71,300 a year for the typical home with 20% down at 7.11%.