What is the population of Frankfort city?

Frankfort city has 15,536 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #60 of 976 in Indiana.

What is the median household income in Frankfort city?

Median household income in Frankfort city is $53,522 a year, 31.9% below the national figure of $78,538.

How much does it cost to rent or buy in Frankfort city?

Median gross rent is $888 a month and the median home value is $122,800, so rent absorbs about 19.9% of median household income.

Is Frankfort city affordable compared with the rest of the US?

Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Frankfort city is more affordable to buy in than the typical US market, and rent takes 19.9% of median income against the 30% cost-burden line.

Aerial view of a dense city center, illustrating the US cities ZIP code directory

Indiana · Census place 25324

Frankfort, IN population, income and ZIP codes

Quick answer

The population of the city of Frankfort, Indiana (Frankfort, IN — Census place “Frankfort city”) is 15,536 residents, ranking #60 of 976 places in Indiana. Median household income is $53,522, the median home is worth $122,800 and median gross rent runs $888 a month. Looking for the Frankfort Indiana ZIP code list? 1 ZIP codes serve Frankfort, IN: 46041.

Population: 15,536Frankfort city residents
Median household income: $53,522Past 12 months, inflation adjusted
Median home value: $122,800Owner-occupied units
Median gross rent: $888Rent plus utilities, monthly
Median age: 35.1 yrsAll residents
Homeownership rate: 58.7%Owner-occupied households

Frankfort ZIP codes (Indiana)

Census ZCTAs whose delivery area overlaps Frankfort.

The Frankfort IN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

46041

What the numbers mean in Frankfort city

Housing cost measured against local earnings.

A household earning the Frankfort city median would spend about 19.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 11% of residents and 58.7% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Frankfort city, IN in context

How this area compares with national benchmarks.

Frankfort city is a mid-size town in Indiana, with 15,536 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #60 of 976 ranked by population — larger than 93% of them. The median age here is 35.1 years against 39.1 nationally, a slightly younger profile than the country as a whole. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.

Households in Frankfort city earn a median of $53,522 a year, 31.9% below the national figure of $78,538 and 13% below the $61,527 median for the 355 Indiana cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 11% of residents here, below the 12.4% national rate.

The typical owner-occupied home in Frankfort city is valued at $122,800, 59.5% below the national figure and 16% below the $145,600 peer median, while median gross rent runs $888 a month, 36.8% below the national figure, or roughly $10,656 across a full year. A household on the local median income would put about 19.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2.3×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 58.7% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

Every value on this page is published directly by the Census for this area — nothing is modelled or interpolated. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

Places of similar size in Indiana.

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Frequently asked questions

Common questions about this area.

What is the population of Frankfort city?: Frankfort city has 15,536 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #60 of 976 in Indiana.
What is the median household income in Frankfort city?: Median household income in Frankfort city is $53,522 a year, 31.9% below the national figure of $78,538.
How much does it cost to rent or buy in Frankfort city?: Median gross rent is $888 a month and the median home value is $122,800, so rent absorbs about 19.9% of median household income.
Is Frankfort city affordable compared with the rest of the US?: Homes cost about 2.3× the local median income here versus roughly 3.9× nationally, so Frankfort city is more affordable to buy in than the typical US market, and rent takes 19.9% of median income against the 30% cost-burden line.
How current is this Frankfort city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. Places under 65,000 residents only appear in the five-year release, never the one-year file, so these values pool sixty months of responses and lag the current year by design.