Frankfort, MI Real Estate
According to census data in the year 2000 there were 876 housing units in Frankfort.
This represents a 3.1% growth from 850 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 876 were located in what is classified as a rural area.
Homeownership rate in Frankfort is about 70.6%.
Frankfort's vacancy rate, including seasonal lodging, is about 24%.
Average household size is 2.07 people.
The majority of houses, apartments or condos in Frankfort were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 13.10% |
| Two Bedrooms | 29.70% |
| Three Bedrooms | 39.30% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $101,900 |
| Median Price asked for vacant units | $81,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $331 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 42.50% |
| Debt Free | 52.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.8% |
