Foreclosure Homes in Frankfort, MI

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5 View this home at County Line Rd Thompsonville MI 49683
County Line Rd
Thompsonville, MI 49683
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AUCTION: 04-26-2024
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Top Reasons To Live In Frankfort, MI In 2024

Frankfort is located in Benzie, Michigan, with an estimated municipal population of 1,290 residents. All of the best foreclosed homes for sale in Frankfort are located in the following zip code areas on 49635. The estimated population per square kilometer (.62 miles) in Frankfort is 359.

Cost Of Living In Frankfort, MI

So, about how much do homes cost in Frankfort? The most recent median value of resident-owned homes in Frankfort is 187,480. An estimated 69.7 percent of households in Frankfort own their homes, with an average family size of 2.75. The median household income in Frankfort is 41,500, with19.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Frankfort, the median commute time of resident workers (in minutes) is 16.3. And last, but certainly not least, are you looking for homes to rent in Frankfort? If so, the average rent price paid by renters in Frankfort is 629, according to recent statistics.

Diversity And Demographics In Frankfort, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Frankfort, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Frankfort is 63.5, split between 39.2 percent male versus 60.8 female. The percentage of residents who report being married in Frankfort is 48.3, with an average family size of 2.75.

The percentage of residents who report their race in Frankfort is as follows:

White 98.2%
Black / African American 0.6%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Frankfort? Or maybe you are searching for 55+ active adult communities in and/or near Frankfort?

The percentage of residents who report their age in Frankfort is as follows:

Under 10 2.3%
Aged 10-19 7.5%
20s 6.4%
30s 6.4%
40s 11.1%
50s 10.7%
60s 22.9%
70s 18.5%
80+ 14.1%

Best Schools In Frankfort, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Frankfort with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Frankfort.

Pros And Cons Of Living In Frankfort, Michigan

How do you know that living in -- or moving to -- Frankfort is right where you need to be? Perhaps you grew up in Frankfort or already live nearby; therefore, the decision to buy a home in Frankfort is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Frankfort for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Frankfort:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Frankfort.

Reasons To Move To Frankfort, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Frankfort can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Frankfort, meanwhile, can field multiple offers from more qualified buyers.

Frankfort, MI Foreclosures


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