MI area data
Frankfort, MI
Frankfort, MI.
Population: 3,339 (Census ACS)
Home values & appreciation
- Median home value
- $528,952
- 1-year appreciation
- +6.2%
- 3-year appreciation
- +14.3%
- 5-year appreciation
- +36.1%
- 10-year appreciation
- +85.1%
- All-time peak (2026-05)
- $529,182
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- Median sale price
- $322,500
- Median list price
- $597,000
- Median days on market
- 40 days
- Sale-to-list ratio
- 94.0%
- Active listings
- 19
- 1-year forecast
- +3.0%
- New listings (monthly)
- 11
Rents
- 2-bedroom fair-market rent (HUD reference)
- $1,261/mo
- 3BR fair-market rent
- $1,639/mo
Affordability
- Cost of living index (Below Average)
- 92.0 (100 = US avg)
- Electricity rate (state-level)
- 20.0¢/kWh
- Natural gas rate (state-level)
- $10.90/MCF
- 30-year mortgage rate (national)
- 6.66%
- 15-year mortgage rate (national)
- 6.00%
Schools
- Total schools
- 2
- Elementary schools
- 1
- Middle schools
- 0
- High schools
- 1
Natural hazards & flood risk
- Overall hazard risk
- Very Low
- Top hazards
- winterWeather, coldWave
- FEMA flood zone
- A
- Flood risk level
- High
Climate (30-year normals)
- Average annual temperature
- 47.0°F
- Average high
- 54.0°F
- Average low
- 40.0°F
- Annual precipitation
- 35.7 in
Air quality
- Air quality rating
- Good
- Median AQI (annual)
- 38
- Days with Good air quality
- 198
- Days with Unhealthy air quality
- 1
Walkability & transit
- Walkability index
- 9.0 / 20
- Transit service frequency
- -99,999
Amenities
- National parks within ~60 mi
- 1
- Nearest national park
- Sleeping Bear Dunes National Lakeshore (23 mi)
- Nearest airport
- Frankfort Dow Memorial Field (1 mi)
- Nearest major airport
- Cherry Capital Airport (TVC) (31 mi)
- Hospitals nearby (~15 mi)
- 1
- Solar radiation rating
- Fair (3.7 kWh/m²/day)
Migration
- Net migration
- +116 tax filers
Housing stock
- Median year housing built
- 1,975
- Median annual property tax
- $2,901
- Mean commute to work
- 17 min
- Households with broadband internet
- 61.0%
Employment & development
- Total county employment
- 4,095
- Average weekly wage
- $812
- Top industries (by employment)
- Accommodation & Food, Construction, Finance & Insurance
- Annual residential building permits (county)
- 110
Area data compiled from public government, academic, and industry research feeds. Data sources →
Data last updated
Most recent source refresh: Aug 2026. See all data sources →