Welcome to our 40601 real estate data hub, tailored for investors in Frankfort, KY. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 40601 in Frankfort, KY. Discover Section 8 housing opportunities and challenges to maximize your investment potential in FRANKLIN COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Frankfort, KY real estate investing. Uncover the wealth of information available, and position yourself for success in the Frankfort property market.
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Location Overview
- Zip Code: 40601
- City: Frankfort
- State: KY
- Metro Area: Frankfort, KY
- County Name: FRANKLIN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $198,279
- Average Home Price (Single Family Homes): $199,134
- Average Monthly Rental Price (All Types): $760
- Price-to-Rent Ratio: 22
- Zillow Projected % appreciation from 4/2023-4/2024: 0.7%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $930
- Average 3 Bedroom Section 8 Rental Rates: $1,230
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 17.77
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 13.43
- Number of Units Offered in Section 8 in the County: 550
- Number of Occupied Units in Section 8 in the County: 515
- Percentage of Section 8 Units Occupied in the County: 93.69999695%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 166.6
- Total % Appreciation since 2000 (Government Data): 87.86
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.73%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 5.2%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 32.44%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 44.43%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 76.93%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 67.68%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 107.22%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): -1.29%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 10.59%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 28.48%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 36.58%