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Real Estate Prices & Overview

Median real estate price in the City Center of Frankfort is $141,843, which is less expensive than 76.0% of Indiana neighborhoods and 88.1% of all U.S. neighborhoods.

The average rental price in Frankfort City Center is currently $1,183, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.1% of Indiana neighborhoods.

Frankfort City Center is a suburban neighborhood (based on population density) located in Frankfort, Indiana.

Real estate in the City Center of Frankfort, IN is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built before 1940.

Real estate vacancies in Frankfort City Center are 3.6%, which is lower than one will find in 76.4% of American neighborhoods. Demand for real estate in Frankfort City Center is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

More people work in manufacturing and as laborers here in the Frankfort City Center neighborhood than in 99.8% of the neighborhoods in America. Despite the loss of manufacturing jobs across the nation, this neighborhood remains a place where, compared to other parts of the country, you will find many laborers and manufacturers.

People

One of the really interesting characteristics about the Frankfort City Center neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 1.0% of college-friendly places to live in the state of Indiana.

In addition, of particular note, 3.2% of the people in the City Center neighborhood currently reside in a correction facility, held due to punishment for a crime.

Also, neighborhoodScout's exclusive research revealed that 95.0% of the adult residents in the Frankfort City Center neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 97.2% of the neighborhoods in America.

Modes of Transportation

In the Frankfort City Center neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.6% of commuters carpool here, which is more than in 95.5% of all U.S. neighborhoods.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the City Center neighborhood in Frankfort are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 90.8% of U.S. neighborhoods. In addition, 3.6% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 69.2% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Frankfort City Center neighborhood, 60.2% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.4% of the residents employed. Other residents here are employed in executive, management, and professional occupations (11.3%), and 8.1% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Frankfort City Center neighborhood is English, spoken by 64.8% of households. Some people also speak Spanish (33.4%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the City Center neighborhood in Frankfort, IN, residents most commonly identify their ethnicity or ancestry as Mexican (42.0%). There are also a number of people of German ancestry (14.8%), and residents who report Irish roots (4.7%), and some of the residents are also of English ancestry (3.4%), along with some Asian ancestry residents (1.4%), among others. In addition, 21.2% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Frankfort City Center neighborhood spend under 15 minutes commuting one-way to work (42.2% of working residents), one of the shortest commutes across America.

Here most residents (76.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (22.6%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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Crime includes:
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Schools include:
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