Frankford appreciation rates and housing market information

Frankford housing market information

With 5,577 people, 11,183 houses or apartments, and a median cost of homes of $328,500, Frankford house prices are not only among the most expensive in Delaware, Frankford real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Frankford, accounting for 64.27% of the town's housing units. Other types of housing that are prevalent in Frankford include mobile homes or trailers (27.16%), row houses and other attached homes (4.27%), large apartment complexes or high rise apartments (2.81%), and a few duplexes, homes converted to apartments, or other small apartment buildings (1.45%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Frankford. Owner-occupied housing accounts for 57.22% of Frankford's homes, and 66.88% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Frankford built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Frankford built from 1995 and later (18.10%). A lesser amount of the housing stock also hails from 1940-1969 (14.24%), and some were built from 1939 and earlier (14.24%).

Frankford home appreciation rates

In the last 10 years, Frankford has experienced some of the highest home appreciation rates of any community in the nation. Frankford real estate appreciated 187.05% over the last ten years, which is an average annual home appreciation rate of 18.70%, putting Frankford in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frankford definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Frankford appreciation rates have trailed the rest of the nation. In the last twelve months, Frankford's appreciation rate has been 0.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Frankford were at -0.43%, which equates to an annual appreciation rate of -1.72%.

Relative to Delaware, our data show that Frankford's latest annual appreciation rate is higher than 56% of the other cities and towns in Delaware.