Frankfort, OH
Population 1,419 · Ohio
About Frankfort, OH
Frankfort is a small town located in Ohio with a population of 1,419 residents according to the latest US Census Bureau American Community Survey data. The median household income is $62,583 per year, which is 17% below the national median of $75,149. The median age of 46.2 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Frankfort features a median home value of $159,100, which is 35% below the national median of $244,900. This positions Frankfort in a moderately priced market relative to the rest of the country. Median monthly rent is $769, 34% below the national average of $1,163/month. Of the 707 total housing units, 70% are owner-occupied (434 units) and 30% are renter-occupied (184 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Frankfort shows an unemployment rate of 1.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 12.9%, above the national average of 12.4%. Workers in Frankfort have an average one-way commute time of 27.9 minutes.
Education & Demographics
16.7% of Frankfort residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.1% White, 1.1% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Frankfort, OH
Compared to national averages, Frankfort has a median household income of $62,583 (17% below the national median of $75,149). Home values average $159,100, which is 35% below the national median. Monthly rent at $769 is 34% below the US average of $1,163. Within Ohio, Frankfort's income is 13% below the state average of $71,814, and home values are 9% below the state median of $174,449.
Why Live in Frankfort, OH?
Frankfort offers affordable housing with a median home value of $159,100, below the US average of $244,900, and rent that’s lower than the national average at $769/month, and a strong job market with an unemployment rate of just 1.3%.
Potential considerations include median household income ($62,583) that falls below the national average. However, Frankfort’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Frankfort has a population of 1,419 with a median age of 46.2 years. Compare Frankfort with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Frankfort
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Somerset | 1,417 | $49,145 | $190,200 | Compare |
| Rossmoyne | 1,414 | $49,028 | $176,800 | Compare |
| Galena | 1,427 | $131,324 | $422,400 | Compare |
| Lynchburg | 1,408 | $61,094 | $160,900 | Compare |
| Bratenahl | 1,433 | $159,250 | $362,400 | Compare |
| Boston Heights | 1,436 | $127,083 | $435,400 | Compare |
| Winchester | 1,402 | $40,875 | $136,200 | Compare |
| Forest | 1,401 | $46,111 | $106,800 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Frankfort With Other Cities
Frequently Asked Questions about Frankfort
What is the population of Frankfort, OH?
The population of Frankfort, OH is 1,419 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Frankfort?
The median household income in Frankfort, OH is $62,583 per year, which is 17% below the national median of $75,149.
What is the median home value in Frankfort?
The median home value in Frankfort, OH is $159,100, which is 35% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Frankfort?
The median monthly rent in Frankfort, OH is $769, which is 34% below the national average of $1,163/month.
What is the unemployment rate in Frankfort?
The unemployment rate in Frankfort, OH is 1.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Frankfort, OH a good place to live?
Frankfort offers a moderate cost of living, affordable housing, and a strong job market. With a population of 1,419 and a median age of 46.2, the city appeals to established professionals and retirees.
How educated is Frankfort, OH?
16.7% of residents in Frankfort aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Frankfort?
Key cost-of-living indicators for Frankfort, OH: median home value is $159,100 (35% below national), median rent is $769/month, and median household income is $62,583. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Frankfort?
The poverty rate in Frankfort, OH is 12.9%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Frankfort, OH?
Frankfort's population is 0.1% White, 1.1% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.7% two or more races. 0.0% of residents are foreign-born.