Frankfort, IN Metro Area - Investment Guide
Metro Area • 7 Cities • 8 ZIP Codes
Avg Home Value
$246,061
Avg Monthly Rent
$1,020
Avg Cap Rate
3.28%
Avg Investability
3.0 ★
Cities
7
ZIP Codes
8
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Market Trends
Metro Home Value History
🏦 30-yr Fixed Rate:
6.76%
as of Sep 10
Source: Freddie Mac PMMS
☀️
WARM MARKET
Frankfort, IN Metro Area
Seller-favorable conditions, steady activity
0 days
Average time to sell
Very Fast
9.6%
Listings with price cuts
Few Cuts
0.0%
Sale price vs asking
Below Ask
0.0%
Income needed for mortgage
Affordable
📅
Market conditions data as of August 29, 2026 — updated weekly
Best ZIP codes in Frankfort, IN
Every ZIP in the metro, ranked four ways. Free.
Cities in Frankfort, IN
Top ZIP Codes by Investability
| ZIP Code | City | State | Home Value | Rent | Cap Rate | Rating |
|---|---|---|---|---|---|---|
| 46041 | Frankfort | IN | $200,802 | $990 | 3.85% | |
| 46058 | Mulberry | IN | $266,965 | $1,017 | 2.97% | |
| 46049 | Kempton | IN | $201,925 | $1,233 | 4.76% | |
| 46065 | Rossville | IN | $301,614 | $1,044 | 2.70% | |
| 46050 | Kirklin | IN | $253,300 | $990 | 3.05% | |
| 46035 | Colfax | IN | $219,408 | $990 | 3.52% | |
| 46057 | Frankfort | IN | $230,003 | $936 | 3.17% | |
| 46058 | Mulberry | IN | $243,509 | $1,017 | 3.26% | |
| 46039 | Russiaville | IN | $227,169 | $981 | 3.37% | |
| 46041 | Frankfort | IN | $215,078 | $752 | 2.73% | |
| 46065 | Rossville | IN | $280,979 | $1,044 | 2.90% | |
| 46049 | Kempton | IN | $212,764 | $1,233 | 4.52% | |
| 46035 | Colfax | IN | $204,592 | $990 | 3.77% | |
| 46050 | Kirklin | IN | $265,734 | $990 | 2.91% | |
| 46057 | Frankfort | IN | $241,732 | $936 | 3.02% | |
| 46039 | Russiaville | IN | $212,818 | $981 | 3.60% | |
| 46041 | Frankfort | IN | $200,802 | $990 | 3.85% | |
| 46058 | Mulberry | IN | $261,633 | $1,017 | 3.03% | |
| 46049 | Kempton | IN | $201,925 | $1,233 | 4.76% | |
| 46065 | Rossville | IN | $294,695 | $1,044 | 2.76% | |
| 46050 | Kirklin | IN | $253,300 | $990 | 3.05% | |
| 46035 | Colfax | IN | $215,817 | $990 | 3.58% | |
| 46057 | Frankfort | IN | $230,003 | $936 | 3.17% | |
| 46058 | Mulberry | IN | $243,509 | $1,017 | 3.26% | |
| 46039 | Russiaville | IN | $225,385 | $981 | 3.39% | |
| 46041 | Frankfort | IN | $211,447 | $752 | 2.77% | |
| 46065 | Rossville | IN | $280,979 | $1,044 | 2.90% | |
| 46049 | Kempton | IN | $208,811 | $1,233 | 4.61% | |
| 46050 | Kirklin | IN | $263,454 | $990 | 2.93% | |
| 46057 | Frankfort | IN | $237,492 | $936 | 3.07% | |
| 46035 | Colfax | IN | $223,578 | $990 | 3.45% | |
| 46039 | Russiaville | IN | $227,672 | $981 | 3.36% | |
| 46058 | Mulberry | IN | $257,078 | $1,017 | 3.09% | |
| 46041 | Frankfort | IN | $218,314 | $967 | 3.46% | |
| 46065 | Rossville | IN | $290,597 | $1,044 | 2.80% | |
| 46049 | Kempton | IN | $216,565 | $1,233 | 4.44% | |
| 46035 | Colfax | IN | $208,814 | $990 | 3.70% | |
| 46050 | Kirklin | IN | $272,564 | $990 | 2.83% | |
| 46057 | Frankfort | IN | $244,643 | $936 | 2.98% | |
| 46039 | Russiaville | IN | $218,572 | $981 | 3.50% | |
| 46041 | Frankfort | IN | $205,413 | $840 | 3.19% | |
| 46058 | Mulberry | IN | $266,155 | $1,017 | 2.98% | |
| 46049 | Kempton | IN | $207,667 | $1,233 | 4.63% | |
| 46065 | Rossville | IN | $298,995 | $1,044 | 2.72% | |
| 46050 | Kirklin | IN | $255,786 | $990 | 3.02% | |
| 46057 | Frankfort | IN | $233,547 | $936 | 3.13% | |
| 46035 | Colfax | IN | $222,686 | $990 | 3.47% | |
| 46058 | Mulberry | IN | $249,291 | $1,017 | 3.18% | |
| 46039 | Russiaville | IN | $229,906 | $981 | 3.33% | |
| 46041 | Frankfort | IN | $218,566 | $763 | 2.72% |
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About Frankfort, IN Real Estate Market
The Frankfort, IN metropolitan statistical area (MSA) encompasses 7 cities and 8 ZIP codes. The average home value across the metro is $246,061, with an average monthly rent of $1,020. Explore individual cities and ZIP codes to find investment opportunities that match your criteria.