Frankfort, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Frankfort Neighborhoods Since 2000




Frankfort, NY Real Estate Data


Frankfort Housing Market Information

With 2,507 people, 1,046 houses or apartments, and a median cost of homes of $118,552, house prices in Frankfort are solidly below the national average.

Single-family detached homes are the single most common housing type in Frankfort, accounting for 55.43% of the village's housing units. Other types of housing that are prevalent in Frankfort include duplexes, homes converted to apartments or other small apartment buildings ( 32.47%), large apartment complexes or high rise apartments ( 8.27%), and a few row houses and other attached homes ( 3.83%).

The most prevalent building size and type in Frankfort are three and four bedroom dwellings, chiefly found in single-family detached homes. The village has a mixture of owners and renters, with 61.47% owning and 38.53% renting.

The housing in Frankfort was primarily built before 1939 ( 70.37%), making the housing stock in Frankfort some of the oldest overall in America, although there is a range of ages of homes in Frankfort. The next most important housing age is between 1940-1969 ( 22.15%), followed by between 1970-1999 ( 6.85%).

Frankfort Home Appreciation Rates

In the last 10 years, Frankfort has experienced some of the highest home appreciation rates of any community in the nation. Frankfort real estate appreciated 20.00% over the last ten years, which is an average annual home appreciation rate of 1.84%, putting Frankfort in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Frankfort definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Frankfort that despite a nationwide downturn in the housing market, Frankfort real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Frankfort appreciation rates continue to be some of the highest in America, at 7.65%, which is higher than appreciation rates in 89.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Frankfort. Frankfort appreciation rates in the latest quarter were at 2.67%, which equates to an annual appreciation rate of 11.12%.

Importantly, this makes Frankfort one of the highest appreciating communities in the nation for the latest quarter, and may signal the village's near-future real estate investment strength.

Relative to New York, our data show that Frankfort's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$118,552

Frankfort, NY HOME PRICES

Value Range
> $1,173,000 0.0
$880,001 - $1,173,000 0.0
$586,001 - $880,000 0.0
$469,001 - $586,000 2.4
$352,001 - $469,000 0.4
$234,001 - $352,000 3.9
$117,001 - $234,000 41.1
$59,001 - $117,000 39.8
$0 - $59,000 12.4

Low for NY
Low for Nation

Value Relative to Nation Value Relative to State
67.2014990923464 73.8496071829405

Number Of Homes And Apartments:
1,046

Rent & Ownership

 

Average Market Rent:
$770 / per month

Homeownership Rate

Homeownership
Owners 61.47
Renters 38.53
Vacant 6.94

Housing Market Details

 

Age of Homes

AGE OF Frankfort HOMES
2000 or Newer 0.6
1970 - 1999 6.9
1940 - 1969 22.2
1939 or Older 70.4

Types of Homes

TYPE OF Frankfort HOMES
Single-Family 55.4
Townhomes 3.8
Small Apt. Buildings 32.5
Apt. Complexes 8.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Frankfort HOMES
No Bedroom 0.44
1 Bedroom 16.10
2 Bedrooms 28.11
3 Bedrooms 36.57
4 Bedrooms 10.68
5 or more bedrooms 8.10

Frankfort Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.96% 2.49% 4 6
* 10 is highest