Michigan · Census place 30260
Frankfort city, MI
Quick answer
Frankfort city has 1,158 residents, ranking #409 of 745 places in Michigan. Median household income is $51,813, the median home is worth $305,600 and median gross rent runs $749 a month.
- Population
- 1,158Frankfort city residents
- Median household income
- $51,813Past 12 months, inflation adjusted
- Median home value
- $305,600Owner-occupied units
- Median gross rent
- $749Rent plus utilities, monthly
- Median age
- 60.5 yrsAll residents
- Homeownership rate
- 62.4%Owner-occupied households
What the numbers mean in Frankfort city
Housing cost measured against local earnings.
A household earning the Frankfort city median would spend about 17.3% 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 5.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13% of residents and 62.4% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Lawrence village 1,186
- Baldwin village 1,161
- Carson City city 1,161
- Concord village 1,156
- Millington village 1,151
- Quinnesec CDP 1,150
- Athens village 1,149
Keep going
More Michigan coverage.