Most Affordable ZIP Codes in Frankfort, IN (2026)
The lowest entry prices that still hold a decent investability rating — cheap is only useful if the market underneath it is sound.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 46049 | Kempton, IN | $216,565 | $1,233 | 4.44% | 6.8% |
| 2 | 46041 | Frankfort, IN | $218,314 | $967 | 3.46% | 7.8% |
| 3 | 46035 | Colfax, IN | $223,578 | $990 | 3.45% | 8.6% |
| 4 | 46039 | Russiaville, IN | $227,672 | $981 | 3.36% | 6.0% |
| 5 | 46057 | Frankfort, IN | $244,643 | $936 | 2.98% | 7.2% |
| 6 | 46058 | Mulberry, IN | $266,155 | $1,017 | 2.98% | 7.3% |
| 7 | 46050 | Kirklin, IN | $272,564 | $990 | 2.83% | 7.1% |
| 8 | 46065 | Rossville, IN | $298,995 | $1,044 | 2.72% | 7.2% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Cash Flow in Frankfort, IN · Appreciation in Frankfort, IN
Or see the full Frankfort, IN metro profile.