Frankfort Real Estate
43 active listings · 35 sold in the past 12mo
$715,000
Median List Price
35
Sold (past 12mo)
96
Avg Days on Market
-12.3%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(43)
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For Sale
1/80
$1,999,999
501 Michigan Avenue, Frankfort, MI 49635
7 bd4 ba1.28 ac
Single Family
For Sale
1/66
$1,895,000
3312 Old State Road, Frankfort, MI 49635
6 bd3 ba3,244 sqft11.96 ac
Single Family
For Sale
1/32
$1,600,000
2370 Lake Road, Frankfort, MI 49635
7 bd4 ba1.20 ac
Single Family
For Sale
1/33
$1,420,000
1515 South Shore E, Frankfort, MI 49635
4 bd1 ba0.28 ac
Single Family
For Sale
1/51
$1,200,000
413-415 Leelanau Avenue, Frankfort, MI 49635
6 bd2 ba0.80 ac
Single Family
For Sale
1/59
$949,000
1693 Elm Road, Frankfort, MI 49635
3 bd4 ba3,122 sqft9.53 ac
Single Family
For Sale
1/33
$850,000
4329 Brook Street, Frankfort, MI 49635
3 bd1 ba0.19 ac
Single Family
Under Contract
1/81
$825,000
100 Maple Avenue, Frankfort, MI 49635
3 bd3 ba0.73 ac
Single Family
For Sale
1/47
$800,000
1313 E South Shore Drive, Frankfort, MI 49635
3 bd2 ba1,393 sqft0.48 ac
Single Family
For Sale
1/47
$800,000
1313 E South Shore Drive, Frankfort, MI 49635
3 bd2 ba0.48 ac
Single Family
For Sale
1/50
$779,000
5505 Indian Trail, Frankfort, MI 49635
4 bd2 ba1.68 ac
Single Family
For Sale
1/58
$749,000
2057 Glory Road, Frankfort, MI 49635
3 bd3 ba8 ac
Single Family
Under Contract
1/45
$745,000
Unit 42B Lake Street, Frankfort, MI 49635
2 bd2 ba1,442 sqft
Single Family
Under Contract
1/44
$745,000
Unit 41A Lake Street, Frankfort, MI 49635
2 bd1 ba
Single Family
Under Contract
1/44
$715,000
Unit 1A Lake Street, Frankfort, MI 49635
2 bd1 ba
Single Family
Under Contract
1/50
$715,000
Unit 12B Lake Street, Frankfort, MI 49635
2 bd2 ba
Single Family
Under Contract
1/51
$715,000
Unit 3B Lake Street, Frankfort, MI 49635
2 bd2 ba
Single Family
For Sale
1/44
$715,000
Unit 10A Lake Street, Frankfort, MI 49635
2 bd1 ba
Single Family
Under Contract
1/51
$715,000
Unit 38A Lake Street, Frankfort, MI 49635
2 bd2 ba
Single Family
Under Contract
1/51
$715,000
Unit 40B Lake Street, Frankfort, MI 49635
2 bd2 ba
Single Family
For Sale
1/44
$715,000
Unit 37A Lake Street, Frankfort, MI 49635
2 bd1 ba
Single Family
For Sale
1/38
$715,000
Unit 39B Lake Street, Frankfort, MI 49635
2 bd1 ba1,336 sqft
Single Family
For Sale
1/34
$700,000
406 Fortune Avenue, Frankfort, MI 49635
3 bd2 ba0.17 ac
Single Family
Under Contract
1/51
$685,000
Unit 7B Lake Street, Frankfort, MI 49635
2 bd2 ba
Single Family
Recently Sold(35)
Frequently Asked Questions about Frankfort
How many homes are for sale in Frankfort?
There are currently 43 active listings in Frankfort. The median asking price is $715,000.
What are home prices like in Frankfort?
Homes in Frankfort sell for a median of $715,000, drawn from 35 transactions over the past year.
What is the average days on market in Frankfort?
The average days on market in Frankfort is 96, based on 35 recent transactions.
Which school districts cover Frankfort?
Multiple school districts may serve Frankfort. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
How competitive is the Frankfort real estate market?
Frankfort is currently a buyer's market, with 14.7 months of supply. That ratio comes from 43 active listings relative to 35 sales per year.
How are property taxes calculated in Frankfort?
Property taxes in Frankfort are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
What does demographic data show about housing demand in Frankfort?
Based on Census Bureau ACS data, Frankfort shows a -12.3% Household Formation Gap. Despite household size decreasing from 2.12 to 2.07, the 14.4% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.